A house-price curse for retirees

Many retirees will have assumed the super guarantee, with a pension, would look after them in retirement. As the housing market shifts, that premise will come under challenge for a significant segment.

Clive Palmer is onto something when he repeats, ad nauseum, the tale of the old ladies who visited his electorate office to complain they couldn’t afford their weekly movie ticket, coffee and chocolate cake any more.

They eat cake. They vote. And Palmer has declared many times that he didn’t get into politics to deprive old ladies of their cake.

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