It has been an interesting week for property research. Banking giant Westpac estimates national house prices will only fall by a further 2.3 per cent by the end of the financial year before rebounding by 15 per cent over the following two years. The bank had previously predicted a 10 per cent plunge in prices…

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Market stability and continued momentum in shares helped to bolster account balances in August. However, while consumers and investors are looking ahead to a ‘COVID normal’ world, the recovery is highly dependent on infection rates and the gradual easing of restrictions across the country. According to estimates from leading superannuation research house SuperRatings, the median…

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What about those unemployment figures… wow… no-one saw that coming. Most experts predicted another big loss in jobs and rise in unemployment. Instead, our unemployment rate for August fell from a 22 year high of 7.5 per cent to 6.8 per cent… experts were predicting 7.7 per cent. Around 111,000 jobs were created… or more…

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Hi gang, Was chatting with my colleague, David Scutt (Scutty), from our Ausbiz streaming service during the week about all the economic data coming out and what it’s telling us about the economy going forward. I really value Scutty’s perspective because he is a good counter to my natural optimism. In his view, forget trying…

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Lot to get through with the release of the National Accounts … which we used to refer to as the “economic growth” figures until we didn’t grow. As expected the economy contracted 7 per cent in the June quarter, and 6.3 per cent for the year, as the economy was smashed by the impact of…

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Wage growth low… and could stay that way for a while No surprises in the latest wage data with growth weak in line with the job market. What was surprising is that wage growth edged higher in the three months to June.  The Wage Price Index (WPI) rose 0.2 per cent in the June quarter but over…

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As Victoria starts its 6 week Stage 4 Lockdown, the Federal Government has made it easier for all Australian small businesses to access the extended JobKeeper scheme. That’s great news. As I’ve said before, and reiterated with the Federal Treasurer this morning on Sunrise, as a country we can afford to subsidise keeping people in…

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Hi everyone… and to all those in Victoria, hang in there the whole country is supporting you and sending our love. End of another week and more information coming out about the economic damage from the Coronavirus pandemic. . Last night the US economic figures were released showing an 8 per cent contraction in the…

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I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments…

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Millennials remain optimistic about home ownership despite the current array of risk and uncertainty, unwilling to let the pandemic interrupt their plans. A third say they want to buy a property in the next one to two years, new research shows. Despite the uncertain economic recovery from coronavirus, strict lockdown conditions being re-introduced in parts…

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A few years of stellar returns has convinced many people that investing in property is a sure thing....

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How are your parents’ finances?

It’s a funny thing when you realise that your parents are old. It makes you reflect on their...

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Superannuation & Share dive

Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...

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