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.

The most arrogant people in Australia are business people and we’re sick of them

The Australian Psyche Won’t Put Up With Inequality

 

How the worm – and the world – turns. When the Abbott government came to power just four years ago, it claimed its arrival signalled the “end of the age of entitlement”. Don’t laugh, it’s happening – but in the opposite way to what treasurer Joe Hockey had in mind.

Source: The most arrogant people in Australia are business people and we’re sick of them

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

How Many People Live In Poverty In Australia ?

Poverty In Australia Is Getting Worse!

Poverty in Australia is getting out of hand. According to the New Daily Australian’s have $1.320 a year less to spend per family since December 2016. According to Alan Austin that is a drop of $20.4BILLION in the last six months. The less money in the economy the more poverty in Australia.

What does that mean for the average property investor ? Lots!!!

ACOSS poverty in australia report 2016