
In another argument for increasing migration an article in Adelaide Now last year explained how a $68 billion pension blow out will force the Federal Government to raise immigration levels and taxes.
Economists say the mass retirement of 4.5 million post-war baby boomers over the next decade, with the first wave born in 1946 reaching the pension age of 65 this year, will lead to a $68-billion-a-year blowout in the cost of aged pensions and healthcare, creating an “Enron-style” black hole in the federal budget.
Analysis by demographic economists MacroPlan Australia, using government data, shows the annual bill for pensions will almost double to $63.5 billion a year by 2020. [Read more...]









Welcome to Property Investment Update. If you are interested in creating wealth through property investing - browse our site to get tips and strategies you can trust from Australia's leading real estate investment, tax, property development and finance experts. To keep up to date with regular market updates, please 
