Affordable Housing Losers are almost everywhere you look these days.
Affordable Housing Losers even include those that “win” at an auction in Sydney! The housing market and the economy combine with our taxation system to punish just about everyone in the housing stakes. Except investment property owners,
- Young People
- Average Workers
BUT just in case you think you aren’t one of these people you can scroll down. See how everybody is affected.
Affordable Housing Losers – Women
A new analysis of the combined impact of the Turnbull government’s budget measures suggests women earning below-average wages could be hit with effective marginal tax rates of 100%.
A study of budget initiatives by the National Foundation for Australian Women, to be released on Monday, says a combination of an increase in the Medicare levy, the freezing of family tax benefit rates and earlier repayment requirements for student loans “are particularly harsh for women”. The study notes the proposed increase in the Medicare levy will affect women on incomes greater than $21,644 and, for women who are eligible to receive family tax benefit part A, the rates are frozen for two years. – via The Guardian
Now I don’t know about you but I like having women in our communities. Think about it? No women and we are one generation away from extinction. If we allow women to stay amongst the Affordable Housing Losers what sort of community will we be living in a few years from now?
Affordable Housing Losers – Pensioners
One-third of Australian pensioners live in poverty: OECD report
More than one-third of Australian pensioners are living below the poverty line, making the country among the worst performers in the world for the financial security of older people. Australian pensioners fared better than their counterparts in South Korea, where 50 per cent live below the poverty line but performed poorly against the OECD average of 12.6 per cent. The findings are backed up by the Global Age Watch Index 2015 report card which rates countries by how well their older populations are faring. One-third of Australian pensioners live in poverty: OECD report
We live in one of the wealthiest countries in the world but a third of our pensioners live in poverty? How does that work?
Third of Australian youth have no job or are underemployed, report finds | Business | The Guardian
Almost one-third of Australian young people are unemployed or underemployed, the highest level in 40 years, according to a report released on Monday. The rate of underemployment – now at 18% – has become an entrenched feature of the youth labour market, according to the Generation Stalled report, commissioned by the Brotherhood of St Laurence. It has eclipsed the rate of 13.5% youth unemployment and is far ahead of the overall rate of 8.6%, itself historically high but stable. Third of Australian youth have no job or are underemployed, report finds | Business | The Guardian
Average Workers Nurses, Police, Ambos are affordable housing losers
Bankwest’s key worker housing affordability report was scathing about affordable housing
Housing affordability* has deteriorated significantly for Australia’s 480,000 key workers – nurses, teachers, police officers, fire-fighters and ambulance officers – over the past five years as house prices across Australia have increased at a much faster rate than key worker earnings. Bankwest Key Worker Housing Affordability Report
Just incase you don’t think there is a problem with that the Bankwest report is from 2007!!!
For crying out loud we’ve got police couch surfing because they can’t afford to live where we need them
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