EXPLAINER: In your 30s and want to buy a house? This is what you need to know and do.

Steep drop in home ownership is a worry especially amongst young people. http://snip.ly/o8cd1

Figures in the recent Household, Income and Labour Dynamics in Australia (HILDA) survey revealed a steep drop in home ownership amongst people under 40 from almost 36 per cent in 2001 to just 25 per cent in 2015.

Dr Greg Schwann, Associate Professor of Finance at the University of Melbourne and an expert in housing and mortgages, says many crucial factors have led to the prohibitively high prices that are now locking out first home buyers.

“Australian cities are growing rapidly, more than any other cities in the world,” says Dr Schwann.

Source: EXPLAINER: In your 30s and want to buy a house? This is what you need to know and do.

Twitter | Real Income Is In Negative Growth

<blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”>Even with the Oz Population Ponzi, real total employee income growth has turned negative. This has only occurred during economic downturns. <a href=”https://t.co/eAvdJBNDmQ”>pic.twitter.com/eAvdJBNDmQ</a></p>&mdash; Philip Soos (@PhilipSoos) <a href=”https://twitter.com/PhilipSoos/status/905780889032040448″>September 7, 2017</a></blockquote>
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Australia must do more to address entrenched disadvantage: Professor the Hon. Stephen Martin

Professor the Hon. Stephen Martin Chief Executive, CEDA

Professor the Hon. Stephen Martin has had a long and distinguished background in the Australian Parliament, academia and the private sector.

And it sounds like he is as fed up as most of us at poor leadership.

 

 

 

 

 

It is an absolute disgrace and a damning indictment on governments of all persuasions that in a first world economy that has experienced uninterrupted growth for more than 23 years between one and 1.5 million of our fellow Australians are currently experiencing the worst form of entrenched disadvantage arising out of poverty.Under the current public policy regime, those classed as being in entrenched disadvantage have little to no hope of ever being able to move out of poverty. Australians should be both appalled and alarmed by these figures.And for those that don’t find those figures appalling from a societal perspective, keep this in mind. While we fail to invest in the extra layer of support needed to help people get permanently out of entrenched disadvantage the cost of welfare to taxpayers will continue to increase.  What is most concerning is that governments, both Liberal and Labor, have focused almost exclusively on labour market solutions to this problem – the ‘big stick’ approach telling people they’ve got to get a job or face even further financial disadvantage.

Source: Australia must do more to address entrenched disadvantage: Professor the Hon. Stephen Martin

The great unpaid super swindle | The Saturday Paper

 

Employers are denying their workers almost $3 billion in unpaid superannuation each year, according to new estimates from the Australian Tax Office. The ATO believes employers have withheld $17 billion in super since 2009, and that the practice is becoming more widespread. The office has also admitted its own shortcomings in catching non-compliant businesses, revealing it has only been able to detect and secure $3 billion worth of super in the same timeframe. The revelations come after pressure from the industry super sector, which published its own research last year highlighting the scale of the problem. A Senate inquiry report into unpaid super released in May, creatively titled Superbad, found the ATO’s “current approach” to tackling super non-payment was “inadequate”.

Source: The great unpaid super swindle | The Saturday Paper

The Future Of Work And The Social Welfare State’s Survival

Is Your Property Investment Future Proof?

Clickworkers An acquaintance, Lutz, gave me a tour of his co-working space in his Neukölln neighborhood in Berlin, where he and a dozen other digital entrepreneurs rent out little cubicles, share office expenses and network. Lutz and his colleagues are called ‚clickworkers’ because they work over the internet for anybody who hires them for their particular specialty– software development, computer programming, data management, web and graphic design, translation, copy editing and more.

Source: The Future Of Work And The Social Welfare State’s Survival

Energy Prices Rising | Future proof your investment property speak to MAcH 10 today

Energy Prices Rising Should Be Every Landlord’s Concern

Energy prices rising reduces the available income your tenants have. Affordable housing design can save you a lot of angst with your tenants. MAcH 10 leased properties are designed protect your tenants from “bill shock“.

energy prices rising

MAcH 10 properties are designed from the ground up to minimize power consumption. This insulates your tenant from energy prices rising. We use renewable energy wherever possible and our properties are “smart”. Using IoT, internet of things technology, appliances communicate with each other turning on and off at the most energy efficient time.

How To Win The Affordable Housing Argument | A Young Person’s Perspective | The Facts And Figures Of The Affordable Housing Argument

The Affordable Housing Argument

Affordable housing argument should be heard from the young person’s perspective. Eliza Owen is an economist, writer and comedian who believes economics should be accessible to everyone, not just economists. She currently works as a market analyst for onthehouse.com.au, and has a regular economics segment on FBI’s ‘Backchat’.