Tagged With budget 2017

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It’s unsurprising that in the lead-up to this year’s federal budget there was a lot of discussion about housing affordability as its centrepiece. Over the past 20 years price-to-income and price-to-rent ratios have doubled. Sydney’s price-to-income ratio is over 12, making it the second-least-affordable city in the world. Melbourne is in fourth place.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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Successive Australian governments are usually judged on how they balance the budget and spend taxpayers’ dollars. The stereotypes are that Liberal governments keep a tight hold on the purse strings, while Labor governments are spendthrifts.

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Tonight's the night: at 7:30PM (AEST), the Treasurer will hand down the 2017-18 Federal Budget in Australia's parliament. Here's how you can keep track of all the big ticket announcements as they're released -- including the ones that actually matter to you.

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The Coalition government is seeking savings of A$2.8 billion from higher education over the budget period, in another attempt at a major shake-up of Australia’s university sector. The cost burden on students will be increased and the income threshold for repaying their debt lowered. .