Editor's Choice
AMP, CFS and Vision Super get the Epic Retirement Tick
Three super funds, AMP Super, CFS FirstChoice and Vision Super, have joined the line-up of funds that have received the Epic Retirement Tick from Chant West and the Epic Retirement Institute.
Another C-suite member leaves Rest
The super fund has seen another C-suite executive depart this week, following the chief financial officer's exit in August.
Brookfield AM managing partner calls time
A Brookfield Asset Management managing partner, who at one point led the Australian private equity business, has wrapped up his 13-year tenure at the firm.
MLC Super cuts admin, investment fees
MLC Super will cut administration and investment fees for members from October 1, with 511,000 members set to benefit from lower costs across its superannuation options.
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Featured Profile
Cliff Man
HEAD OF PORTFOLIO MANAGEMENT
GLOBAL X ETFS AUSTRALIA
GLOBAL X ETFS AUSTRALIA
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Great article, and absolutely true.
This is a problem that many new home buyers face in this day and age - housing affordability.
Australia has indeed been experiencing a 20-year long housing bubble (longest ever recorded property bubble in a developed nation).
Unfortunately for Gen Y, housing affordability is way out of reach. Unless they become instant millionaires there's no way they can afford it.
The only way for Gen Y (and subsequent generations) to ever really afford a home is by waiting for Australia's property bubble to burst, and then buy property once they revert back to their actual market value - like what happened in the US recently.
It's a shame Australia's economic situation has gotten to this point - higher costs of living, overvalued real estate, rising inflation etc.
Even with the Federal Reserve Bank of Australia lowering interest rates, it's still not enough to entice young buyers (again like the US). So long as fiat currency is continually being printed, it's not going to get easier in the future.