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Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.







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.