Australians are extremely united in imposing sanctions on Russia for its invasion of Ukraine, with 89% supporting, and only 6% opposing. There are also high levels of support for military aid with 75% supporting and 12% opposing.
It's time we accepted superannuation is not an end in itself but a component of good retirement policy, of which home ownership has to be the cornerstone.
The greatest risk in old age is not that your superannuation balance isn’t high enough, but that you don’t own your own home
Housing affordability continued to decline in the December quarter last year. This is mainly due to a strong increase in property prices in most cities, although it was only moderate in Australia's largest market, Sydney.
This is another sullen election, even though both sides exhibit high support for their respective candidates. 60% disagree (versus 30% who agree) that the federal government has done enough to be elected, while 40% disagree (versus 41% who agree) that Labor has done enough to be elected.
Detailed analysis of the ALP’s shared equity home buyer scheme shows that it is poorly designed, expensive and discriminatory, makes no difference to housing affordability and the cost has already almost doubled.
The latest Australian Institute for Progress Housing Affordability Index shows housing affordability improved slightly in the September Quarter, 2021. This was as a result of price falls in Melbourne, while they stayed almost stationary in Sydney.
House prices are likely at a peak, with or without interest rate rises, as they nudge levels of unaffordability last seen just before the Global Financial Crisis.
Australia's two major cities, Sydney and Melbourne, are close to historical peaks of unaffordability, but Perth, Darwin and Brisbane are still reasonable to moderate.
Repayment affordability in cities like Brisbane, Perth and Darwin are in a band from slightly better than the average index level for the 90s to at most 12.5% worse.