A very good article. The following piece was interesting, "AMP...

A very good article. The following piece was interesting, "AMP economist Shane Oliver estimates that average Australian net wealth is now eight times disposable income - the highest in the world (yes, Australia is apparently now the world's richest country). According to the latest figures, the same figure for the US is 5.5 times, Britain 7 times, Japan 7.5 times, France 6 times and Germany 7 times.".

I'd like to know our wealth outside the 'family home', I understand the 'downgrade' (when retired) arguments but it rarely seems to happen, nor do you want it forced upon retirees. The International Monetary Fund has already expressed concern at our debt exposure to property, mention of the fall in value just from two small interest rate rises was important, what more is ahead? We keep hearing that national savings is down but at the same time this is being impressed upon us, we are getting taxed ridiculously in the area of superannuation. The Lib's (due to numbers) should return the superannuation system back to what it was in 1983, and not just for tax reasons, It was that much simpler then as well.