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Chapter 1: What is the main topic discussed in this episode?
ABC Listen. Podcasts, radio, news, music and more. Tammy Shipley believed someone was out to hurt her. I thought someone was after me and I wanted to just be safe. She's put under 24-hour surveillance. I tried to get in contact multiple times. And then something strange happens. She just drank and drank and had something like 20 litres of pure water. Ambulance emergency.
I've got a woman unconscious. Tammy's story. Search Background Briefing on ABC Listen or wherever you get your podcasts.
Fresh analysis from the Reserve Bank, released just today, paints the clearest picture yet of Australian housing investors. So who exactly are they? And what does this detailed demographic data really tell us about the property market's winners and its losers? Meanwhile, liquor giant Endeavour Groups announced it's exiting its vineyards and wineries altogether.
So what does the future of one of Australia's largest pub and bottle shop owners look like in a world where people are drinking less and where we might have reached peak wine? Welcome to ABC Business Daily. I'm Michael Yander.
And I'm Alicia Barry, ABC finance reporter and host of The Business on Thursdays.
So, Alicia, I've stolen the keys to the car. The boss has taken over for one day only before Carrington gets back next week.
Well, I'm in your hands, Michael. Let's get this show on the road.
Indeed. So first up, we've got this new report just released from the Reserve Bank called Insights on New Data on Australian Housing Investors. Sounds, you know, incredibly riveting. Is it usual for the bank to put out these kind of reports?
Well, the RBA does periodically put out these bulletins, as they call them, from various people in their research team. This one is from Alexandra McKilson, and it really digs quite deep using some newly available microdata to really find out who...
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Chapter 2: What insights does the Reserve Bank provide about Australian housing investors?
housing investors are and whether there's a risk to the Australian banking system from housing investors not paying their loans.
Yeah, that's right. And given the sort of, I guess, demographic of who these housing investors are, it becomes quite clear that they're not really because they haven't taken on the huge amount of debt that you would have to take on if you were going to be a housing investor right now. So there are still sort of young people entering the market. That's true.
But the bulk have been housing investors really throughout that period. And they do come from that high income spectrum. In fact, 10% of the property or 10% of the working age population are property investors and they hold 20% of the properties in the country. So you can kind of get that idea. And it does just really, and I keep saying it, but skew to that 1%. wealthier, older demographic.
So like pulling apart what this data is, it's called the person level integrated data asset, PLIDA, from the Australian Bureau of Statistics, which is quite new and they've gone back historically and put together data from the tax office.
So these are looking at individual housing investors in Australia, hence that 20% of the housing stock, even though more than or around a third of Australians rent But some of those rentals are owned by governments or by trusts or by partnerships or by corporations. And those aren't covered in this data. So it's just looking at your mum and dad investors, basically.
And as you say, there's about 2.3 million of them. So 10% of the working age population. What else did we learn about who property investors are? Because we often get this stereotype of the mum and dad.
Between 1999 and 2023, the typical age of the property investor went from 45 to 51 years.
That's a pretty substantial shift.
Yeah, that's right.
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