The Australian sharemarket suffered its worst day since the Brexit vote, with nearly $35 billion in value wiped off the board after global financial markets were hit hard by fears a September US rate rise is on the horizon.

"At a time when Australia needs to desperately replace the growth in our economy that had come from the mining industry, it appears "reckless" to pamper with the construction industry that is providing growth".

"The length of time that we will be in retirement for, has significantly changed in a very short period of time. 

"What could this mean for you?"

"The below is an admittance that banks indeed have something to "crackdown on".

"It now seems like this could have been an unrealistic stance by Labor in an attempt to stir the pot before the election".

"As the Property Council of Australia noted this week, there are 891 Anaesthetists and 1020 Surgeons who negatively gear, but largest affected would be the 6980 cleaners and 42,938 nurses and midwives who also do."

"One of the most respected Hedge Fund managers in the world, Dan Loeb, who runs the Third Point hedge fund, runs through the reasons whythe past few months have been "one of the most catastrophic periods of hedge fund performance that we can remember since the inception of this fund" in 1995. 

"As Australians we are lazy. We waste money by letting our Banks and Super funds rip us off".