A new report from Standard & Poor's (S & P) Ratings Services shows ageing populations impacting on economies around the globe and ultimately determining their fiscal health. The report 'Global Ageing 2010: An Irreversible Truth' covers 49 countries and more than two-thirds of the world's population. The Australian analysis estimates age-related spending on health, pensions, and aged care to rise to 14.4% of gross domestic product (GDP) in 2050 from its current 9.6%.
http://www.thesourcetoday.com.au/p661_S-P-Ageing-population-will-determine-national-fiscal-health.html
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Funding secured for Wesley Mission’s affordable and supported housing project in Canberra
Wesley Mission’s affordable rental and supported housing development in Curtin, Canberra, is officially going ahead after securing funding through the first round of the Australian Government’s $10 billion Housing Australia Future Fund (HAFF)...