Mercedes


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Public housing in crisis as available stock dwindles

29 March 2017 | Kelly Hughes

A report by the Australian Housing and Urban Research Institute revealed Australia’s public housing supply decreased by 4.1 per cent in the last fifteen years despite a surge in demand.

Australian government bodies like Government Property NSW have privatised the sale of public housing stock, auctioning off more than $1 billion worth of property since 2011.


Wall St: US shares snap eight-day losing streak

29 March 2017 | ABC

The Dow Jones Industrial Average rose solidly after a survey on Tuesday revealed consumer confidence in the US economy rose in March.

NAB economist David de Garis wrote in analyst note that a number of other factors may have contributed to the gains in global markets overnight.


'They could not recover any of my money': millions wait for their superannuation

28 March 2017 | SMH

Nicole Miller is owed more than $6000 in superannuation from her former employer, PR agency Kreab Gavin Anderson.


Donald Trump's next job: avoid government shutdown

28 March 2017 | AFR

US President Donald Trump is trying to revive his presidency after the healthcare debacle, but before nailing tax reform he will need to avert a government shutdown.

The potential for a government closure is not high on the radar of Wall Street, but is a sleeper issue in the Washington Beltway.

 


Tony Shepherd takes aim at baby boomers

27 March 2017 | AFR

Tony Shepherd has lashed out at his own baby boomer generation's entitlement mentality, saying continued failure to address looming problems caused by the ageing population will ultimately erode the living standards of younger Australians.




ASIC needs more power over white-collar criminals, according to Senate

27 March 2017 | AFR

When Australian Securities and Investments Commission chairman Greg Medcraft told a room full of business journalists that Australia is a paradise for white-collar criminals, it ruffled a lot of feathers.

At a Senate estimates hearing the next day, Medcraft tried to "correct" the comments as reported. "Basically the point is that we want to make sure we don't become a paradise," he said.




Why Chinese investors keep buying Australian property: it's cheap

25 March 2017 | ABC

It is said real estate is all about "position, position, position".

Perspective could equally be thrown into the equation as well, and from the perspective of China's rapidly growing millionaire class, Australian capital city properties are not only cheap, but high-yielding as well.


Blackmail, extortion and slavery at a restaurant near you

25 March 2017 | The Age

Pawanjeet Heir's eyes well up as she retells the story of how she unwittingly became a victim of visa fraud, extortion and indentured servitude.

She is now facing her worst nightmare: deportation, along with her husband and young son, who have given up hope after the system failed them.


Property investors punched by out-of-cycle interest rate hikes

25 March 2017 | AFR

Property investors with interest-only loans from Commonwealth Bank of Australia have been hit with a second interest rate rise in six weeks, as banks seek to stave off more aggressive regulatory intervention in the housing market. 



Malcolm Turnbull vows no surrender on company tax plan

25 March 2017 | AFR

The federal government will not give up trying to implement its full package of company tax cuts after the Senate votes next week to allow only the first phase of the 10-year plan – a tax cut for small business.



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