Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
The Abbott government has falsely claimed slashed spending can dig Australia out of a hole. But it's the big-picture economy, not national debt, that needs urgent action ... or Australia's situation can only worsen.
In an environment where 'record highs' threaten to turn into 'record busts', a growing number of Australians are treating housing as an annuity which provides protected, low returns in times of volatility.