Danni Addison of the Urban Development Institute of Australia said “in light of proposed changes to HECS, makes [home ownership] a topic worth considering not only from a young person’s perspective, but from people… in any stage of life.”
After touching on the apparent need for young Aussies to rent for longer than their predecessors, the panel turned to focus on how the change could likely dissuade would-be students from seeking a tertiary education.
On that front, tax expert Mark Leibler – another older Australian – said “I think what the government is doing here in regards to HECS is totally counterproductive.”
In comparison to some other sectors the Coalition government has been seen to favour in living memory, Leibler said “the bottom line is, when it comes to universities, the value of the knowledge created by the universities is more than the mining sector.”
He closed off by saying “at the end of time, this is going to be counterproductive in that it’s actually going to destroy value in terms of Australia, overall.”
GR8.
While you contemplate the fact that it’s not just you who is worried about the changes, watch this space for the full impact of the budget on your wallets, yeah?
Why does the government show such support for Boomers over future generations? @danni_addison & @LeiblerMark respond #QandA pic.twitter.com/Oudq2jc0jr
— ABC Q&A (@QandA) May 8, 2017
Source and photo: Q&A / ABC.