Why four out of five of us still borrow from the big four
Nobody likes it when the lawyers win.
Jessica Irvine is a senior economics writer for Fairfax Media.
Nobody likes it when the lawyers win.
It is true that in my darker moments – when home ownership has seemed but a distant dream – I have cursed the Baby Boomer generation and their cakewalk through life; cursed their free education, their property windfalls, their superannuation tax breaks and their $1 bus tickets. On the downside, they did grow up with crap food, hardly any overseas holidays, poor career prospects for women and they will all likely die younger than me.
To navigate and thrive in this new world requires us to learn to use technology as the tool it was always meant to be – to connect with others, to make a difference and to enjoy ourselves - not as an end of itself.
Dismissed as self-indulgence, young Australians' preference to live in inner-city areas is a well-grounded desire.
The extraordinary stimulus provided in the aftermath of the global financial crisis is increasingly inappropriate.
If the money doesn't get into the hands of the buyer in time, and the property is missed, the buyer then only has 12 months to spend the money on a property, or it needs to be returned to the super fund.
Lego's latest special edition set "Women of NASA" went on sale last week and the response was immediate.
Eating simple meals at home will get you close to owning your first property, although you might die of boredom first.
The Productivity Commission has laid down a compelling argument for replacing stamp duty with a land tax.
The great Australian dream? The great Australian tax dodge, more like. For those who can afford the entry price.
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