Summary As part of the 2017-2018 Budget, the Governement announced the downsizer package to reduce pressure on housing affordability in Australia. From 1 July 2018, if you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into Read more…
Summary A study was completed for the Royal Melbourne Institute of Technology (RMIT), which looked at the specific triggers that have resulted in Australian households being unable to meet their mortgage repayments. Survey respondents were asked the initial causes and, if they changed, what the final causes were. They were Read more…
Summary Your retirement income may include some kind of pension payment or allowance from the government. Around 65% of older Australians rely on a government pension or allowance as their main source of personal income at retirement. Content Your retirement income may include some kind of pension payment or allowance Read more…