Last September, we noted that the end of restrictive leasing practices by Woolworths and Coles could lead to increased competition by supermarkets. The ACCC has now negotiated similar deals with Aldi, Foodworks, Franklins and Metcash, which should eventually have a useful cost-reducing effect (and give you more supermarket choices at your local centre). [ACCC]
More Supermarkets Join The Anti-Restrictive-Leasing Brigade
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Housing affordability, high house prices and rents are attracting plenty of media attention right now. The latest figures on house prices, mortgages, number of first time buyers and so on are dissected by journalists and commentators as if this is an issue of recent origin. In fact what we have here is a long-term structural problem that has been neglected for decades.
Politicians are fond of pitching to the “average Australian” but judging by the income of Australians, whether you are middle class depends on where you live. And where we live tells a rich story of who we are as a nation – socially, culturally and economically.