Looser macro-prudential rules, rather than the federal election result, appear to be driving a rebound in house prices in Sydney and Melbourne.
A recent McKell Institute report makes unsupportable claims about how superannuation interacts with wages to justify higher compulsory super contributions. McKell’s analysis doesn’t stand up to scrutiny. Here’s why.
Since the early 1990s, higher education statistics have defined someone as of low socio-economic status if they are from a region classified in the lowest 25 per cent in Australia according to the ABS Index of Education and Occupation. Wouldn’t it be better to pay more attention to areas that for whatever reason have low university participation rates, even if quirks of the Index of Education and Occupation formula give them SES ratings that disqualify them from low-SES rewards? Why use proxy data when we have direct measures of whether an area has low participation in higher education or not?
Low income earners are struggling with high housing costs and there are widespread calls for governments to help. But the last major effort, the National Rental Affordability Scheme (NRAS), was fundamentally flawed.
The Federal Government has introduced new repayment thresholds for people with HELP debt. The new thresholds mean that most people with HELP debt will pay less each year, and the Government will recoup less debt each year than they would have under the previous system.