Definition Economic irrationalism refers to the departure from rational decision-making in economic behaviour. While classical economic theory assumes that individuals are rational, real-world evidence shows that people often make decisions that do not maximize utility and can lead to market failure and personal issues such as addiction and poor health Case in point. Two neighbours...
Death – this one is inevitable and unavoidable. Just don’t let this happen to you Divorce – unfortunately true for many Debt – high(er) interest rates – 13 interest rate hikes Downsizing – baby boomers will increasingly sell up, cash in and downsize their family homes; and DAN Andrews legacy, our ex-premier of Victoria: Covid...
Report #1 – 380,000 Victoria property owners will get their very first land tax bill for $500+. This and increases on existing land tax rates of 0.1% will lift and raise every other land tax assessment. Excuse: pay for the COVID debt. I am guessing this includes the Debt for the Big Build but this...
Two research findings on home ownership or lack of it The first: more than two in five first-time buyers need to tap into the bank of mum and dad. The second: renters who don’t buy by their early 30s are less likely to achieve homeownership later in life than their parents’ generation. The first is...
The word “solicitor” has an interesting etymology. It comes from the Latin word “solicitare,” which is a combination of “solus” (meaning “alone”) and “citare” (meaning “to summon” or “to call”). In medieval Latin, “solicitare” evolved to refer to someone who was appointed to manage legal matters on behalf of another person, essentially acting on their...
David Unaipon (1872 – 1967): A Trailblazing Ngarrindjeri Man of Inventions and Literature David Unaipon, a remarkable Ngarrindjeri man, left an indelible mark on Australian history as a preacher, inventor, and writer. Born on September 28, 1872, in the Raukkan community, South Australia, he was the son of James Unaipon and Nymbulda Ngunaitponi. The name...
I’m in two minds. Yes to the Voice. Or No, but let’s write a preamble to the Australian Constitution: “We, the people of Australia, humbly acknowledge the richness and diversity of our land, its ancient history, and the unique cultures that have thrived upon it for millennia. As we unite under the Southern Cross, we...
The Constitution was drafted at a series of conventions held during the 1890s and attended by representatives of the colonies. Before the Constitution came into effect, its terms were approved, with one small exception, by the people of New South Wales, Victoria, Queensland, Western Australia, South Australia, and Tasmania. The Australian Constitution was then passed...
Landmark Decision: Native Title Recognised over Torres Strait Sea Country In a groundbreaking decision, the Federal Court of Australia approved the recognition of native title over 40,000 square kilometres of Torres Strait sea-country in December 2022. This momentous settlement was reached through collaboration between five First Nations groups and the Queensland and Federal governments, marking...
Naarm, the original Aboriginal name for Melbourne, refers to the traditional lands of the Wurundjeri people of the Kulin Nation. The geographical boundaries of Naarm are not precisely defined as they represent the broader region rather than specific lines on a map. However, Naarm generally encompasses the area around modern-day Melbourne and its surroundings. Please...
