How the Australian economy is performing way better than the rest of the world
Big tick of approval from IMF for Australia The International Monetary Fund is the prestigious economic think tank funded by 189 countries to promote trade and financial stability. It regularly provides report cards on the health of the global economy and individual countries… and has been keeping a close eye on the economic fallout of…
Super Funds have a welcome return to form
According to estimates from leading research house SuperRatings, the median balanced superannuation option rose 2.1 per cent in May, driven by a strong rise in share markets on the back of better-than-expected economic news and the beginning of a staged reopening of the economy. Based on current estimates, the financial year-to-date return for the median…
Property update: Rental vacancies continue to rise…1-in-6 apartments vacant in inner Sydney
SQM Research has revealed the national residential rental vacancy rate has recorded a minor decrease over the month from 2.6 per cent in April to 2.5 per cent in May. BUT The largest rental markets of Sydney and Melbourne recorded rises in rental vacancies. Sydney rose to 4 per cent, making it the highest vacancy…
Economic update: Unemployment, retail and population growth
The ABS employment numbers were a shocker in anyone’s book. Employment declined by 227,700 in May, worse than expected, and the unemployment rate was up to a 19 year high of 7.1 per cent… up from 6.4 per cent in April. Unemployment horrible but maybe we’re through the worst Full-time jobs fell by 89,100 and part-time…
Ask the experts: A snapshot of the stocks they would buy on a pullback
I asked a group of my favourite experts from ‘The Call’ to give me the 2 shares to have on your buy list if there is another sharemarket correction like happened in March.
Kochie’s Market Update: Can we afford $339 billion in stimulus
On Anzac Day eve, it’s really important to make tomorrow special as a tribute for all those Australians who made so many sacrifices for this country. I actually think it will be special. Australians are wonderful at pulling together. Just in my community area, and those of my children and grandchildren, the plans to remember…
Why you need to stick together as couple now more than ever
Financially times are tough and it’s going to get a lot tougher. Many Australians overspent and over-borrowed during the golden years of the last decade. It was easy. Money was cheap, the economy strong, jobs secure, share and property markets booming. How times have changed. With that change comes pressure on family budgets and family…
Kochie’s Market Update: The jobs calm before the storm
The good news is that all our good work in trying to reduce new cases of Coronavirus is working… and impressively so. The disruption to our lives is really paying dividends. When you look at the tragic death rates in the US and UK, you realise how lucky we are to be here in Australia….
Coronavirus update: free TAFE course for NSW, QLD beaches closed, grants for regional publishers
NSW Premier Gladys Berejiklian is encouraging the state’s citizens to hop online and get qualified. The premier has announced a number of TAFE courses will now be available for free and she is urging people to make use of their time at home to upskill. “It means people can start preparing for when these difficult…
Kochie’s Market Update: Who will get JobKeeper payment and for how long
It’s been another big week dominated by the Federal Government’s enormous $130 billion package to keep Australian in work. It’s the biggest economic package in Australia’s history and dwarfs anything announced during the Global Financial Crisis. It is an enormous statement from the Federal Government that they are determined to cushion the financial and economic…
90 days of solitude: NSW Police say coronavirus rules will stand in place for the next three months
NSW Police Commissioner Mick Fuller says the state’s tough social distancing and isolation laws will remain in place for at least 90 days, taking the restrictions to June 29. On Monday, the NSW government increased restrictions on freedom of movement in a bid to reduce the further spread of COVID-19, also ramping up the penalties…
