Property Buzz

Jim Chalmers, Aged Care & Unintended Consequences | Property Buzz

Phil Tarrant and Liam Garman unpack why the Treasurer's inflation explanation does not stack up against the CPI and oil price data, and why the RBA says it does not model government spending. Phil then sets out a new argument: because aged care entry is means tested against the family home, falling property values shift the cost of caring for older Australians onto the taxpayer. The pair also work through the fallout from the credit card surcharge ban and payday super for small business.