Stay up to date with what’s happened in Australian and global markets over the past month. Our March update video also takes you through key economic indicators so you can understand how the Australian economy is faring as we recover from the COVID-19 induced recession of 2020. Please get in touch if you’d like […]
Your financial well-being and plans for the future can be impacted by various economic events. Below is a video to assist you to stay up to date with the latest indicators. The economic news out of the US and in Australia was mostly positive in October. But that didn’t stop a global sharemarket correction. We […]
Longevity and money, a Financial Planner’s perspective… According to the Australian Bureau of Statistics there are 24,772,112 Aussies as I write this. ​Making an allowance f​o​r births, death​s​ and immigration we get a net overall increase of approx. one person every 1 minute. ​When we look at the retirees, ​64% of 65-69 year olds are retired. Compared to 82% of over 70-year-olds bring […]
Interest rates have been low for so long it’s tempting to think low rates are the new normal. So when the Reserve Bank suggests that a cash rate of 3.5 per cent is the new ‘neutral’, people take notice. Even the Prime Minister warned Australian householders to prepare for higher interest rates ahead.i The official […]
Housing affordability continues to be a major concern in Australia and not just for would-be first home buyers. It also affects pre-retirees forced to work longer to repay bigger mortgages and older Australians unable to downsize from large family homes due to a lack of affordable options. The latest 2016 Census revealed a gradual decline […]
The Budget promises to deliver a strong economy, more jobs, guaranteed essential services and the government living within its means, so what does this mean to you? Encouraging tax cuts There’s immediate relief for Australians on low to middle incomes, as well as light at the end of the tunnel for higher-income earners. Those […]
Smashed Avo for breakfast or buying your First Home? Why not both? In response to the increasing house prices in Australia, parliament has passed new legislation allowing first home buyers to save for their home deposit (residential home) within superannuation. Saving a deposit to buy your first home can seem unattainable. To be approved […]
Self Managed Superannuation Funds (SMSF), provided that the governing trust deed allows for it, have the capacity to borrow money to purchase property. This is called a Limited Recourse Borrowing Arrangement (LRBA). We have a video on how it works and you can get it by clicking here. With any strategy like this it is […]
Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1 2018. From that date, first home buyers will be able to contribute up to $30,000 into their super fund towards a home deposit while downsizers can put […]