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Deborah Ralston joins Household Capital

JAMIE WILLIAMSON  |  THURSDAY, 13 MAY 2021
... superannuation savings system. I'm excited to join Household Capital in delivering widespread, responsible, long-term access to home equity retirement funding to show how Australia can lead the way in meeting the housing and funding challenges of an ...

Super funds slam budget's super gap measures

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
Superannuation funds welcomed the budget's move to dump the $450 threshold, but called out a lack of measures to close the super gap. Last night's budget included five key decisions on superannuation. These were abolishing the $450 per month ...

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... financially from separation, and move on with their lives." As previously reported, the government will also establish the Family Home Guarantee which will make available 10,000 government guarantees over four years to eligible single parents with dependants. ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... for a minimum of 10 years. The change is aimed at ensuring Australians are more secure in retirement if they downsize their home, as well as freeing up the supply of housing for younger families. Further to this, from 1 July 2022 the Pension Loan Scheme ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... in the form of a $17.7 billion injection into the aged care system. Frydenberg announced the funding of a further 80,000 home care packages to the existing 195,000. Residents will also have their aged care bills further subsidised, with the government ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on a first home. They might have expanded the First Home Saver Super Scheme, almost doubling its capacity to release funds into a first ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... Royal Commission. Almost half of this will be directed to reforming residential aged care with $6.5 billion ear-marked for in-home facilities investment. While Australia's aged care system services just a small proportion of older Australians, its inability ...

New India fund eyes HNWs

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
... corporations outsource their IT services there. Technology professionals are earning more money and want to buy their first home, breaking away from the tradition of living with parents, he said, noting that this in turn will drive stronger demand for ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... superannuation savings," ASFA deputy chief executive Glen McCrea said. Frydenberg also announced several measures aimed at boosting home ownership among young people. The Family Home Guarantee will allow single parents to purchase a home with a deposit ...

UK lender targets SMSFs in Australia

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
A UK marketplace lender is launching in Australia, targeting wholesale investors and self-managed super funds. CrowdProperty has launched in Australia under chief executive David Ingram. It matches investors with developers of small to medium-sized ...