Rather than being the biggest losers from super tax rates not being indexed to inflation, younger Australians are the biggest beneficiaries.
- Deputy Program Director, Housing and Economic Security, Grattan Institute
Councils have made it hard to build more townhouses and apartments in the suburbs. That’s why these planning reforms are needed.
Wealth inequality in Australia has grown over the past quarter century. Surging house prices that have outpaced incomes are to blame.
New research shows how much we’d need to increase Commonwealth Rent Assistance to bring retirees who rent out of poverty.
Research suggests having an income that is guaranteed to last until death can reduce stress and boost retirees’ spending.
Australians have been told for decades that they’re not saving enough for retirement. But the vast majority of retirees today and in future are likely to be financially comfortable.
Neither investors nor super funds are prepared to wear the losses needed to put low-income Australians into housing. The government should double the size of its Housing Australia Future Fund.
A large majority of Australian taxpayers will benefit from the revised tax package, despite the impact of bracket creep over the next decade. But long term, these tax cuts come at a high price.
Grattan Institute calculations suggest that the 200,000 homes the state and territory leaders have agreed to build over five years will result in billions in savings for renters.
Billions of dollars in super tax breaks simply end up boosting the inheritances of well-off children. Our new report shows how we can save money, while making super fairer for all Australians.
Neither NSW Labor nor the NSW Coalition is actually proposing to axe stamp duty. Neither are any of the other states or territories, apart from the ACT.
High home prices are boosting inheritances, meaning positions in society increasingly owe more to which family you’re born into than to talent or hard work. But there are solutions.
The extraordinary increase in house prices and debt means mortgage rates of 7% would be as painful to borrowers today as rates of 17% were decades ago.
Advertised rents have climbed 10% in the past year. A $250 boost to benefits and a six-month cut in petrol tax won’t much help.
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