The housing market is cooling. But the affordability crisis isn’t over | Greg Jericho | Business

The latest housing finance figures from the Bureau of Statistics released on Tuesday show that investors continue to flee the housing market, but owner-occupiers are also taking out fewer mortgages than they were a year ago. Even with interest rates at, or near, record lows, right now the decision to …

There’s a new cultural war taking place – and it’s targeting progressive tax | Greg Jericho | Business

Often when we hear talk of cultural wars, it’s about political correctness and a desire to glorify some skewed vision of western civilisation. But the real war to change our culture and society is being waged on the economic front – especially on the issue of taxation. And the result …

Interest rates are lower than ever. So why is owning a home harder than ever? | Greg Jericho | Business

Today the Reserve Bank is expected to once again keep interest rates on hold – marking 22 months straight of the cash rate being at 1.5%. Such low interest rates raise the question of housing affordability – surely such low rates mean it is a good time to be paying …

Super funds treat customers with contempt? That’s putting it lightly | Greg Jericho | Business

The release this week of the productivity commission’s draft report on superannuation is a nice reminder that while the royal commission has thus far revealed the dodgy behaviour of banks, the appearance of the superannuation funds will probably expose even worse deeds. The lesson of all financial scandals, whether small …

The biggest losers: superannuation funds found wanting | Greg Jericho | Business

A landmark report by the Productivity Commission has slammed the performance and transparency of the $2.6tn superannuation industry. It has made major recommendations directed towards making it easier for workers to choose their default fund, gain better returns and higher retirement balances, and to drive underperforming funds out of the …