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Economy

Federal Budget 2020-21 Analysis

Federal Budget 2020-21 Analysis

Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the […]

Extension of the JobSeeker program

Extension of the JobSeeker program

The Government is extending the Coronavirus Supplement to eligible recipients to 31 December 2020. The amount of the Supplement will be adjusted to reflect the gradually improved economic conditions and improving labour market. Both existing and new recipients eligible for the Coronavirus supplement will continue to be $550 per fortnight […]

JobKeeper changes announced

JobKeeper changes announced

The JobKeeper Payment has been extended by a further six months to March 2021, targeting support to those organisations which continue to be significantly impacted by COVID-19. From 28 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods. The payment rate will […]

JobTrainer skills package

JobTrainer skills package

The Australian Government will invest $2 billion to provide hundreds of thousands of Australians with access to new skills by retraining and upskilling them into sectors with job opportunities, as the economy recovers from COVID-19.  The JobTrainer package has two aspects to it. The first aspect of the package, which […]

Year in Review – Investment Insights

Year in Review – Investment Insights

Financial year 2020 has truly been a year of two halves. The first half was characterised by continued economic expansion, buoyant equity markets and historically low – even negative in some countries – interest rates. However, before midnight’s chimes heralded a new decade, raging bushfires made it clear that Australia […]

Tax Alert June 2020

Tax Alert June 2020

With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG) amnesty. There is also a range of virus related assistance on offer to help affected business and individual taxpayers.  Here’s a roundup of […]

Instant asset write-off extended

Instant asset write-off extended

To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020.  Initially announced on 12 May and intended to last until 30 June, the government’s $17.6bn stimulus package in part temporarily increased […]

The HomeBuilder program – government grants to eligible homebuilders and renovators

The HomeBuilder program – government grants to eligible homebuilders and renovators

The Government has announced the new HomeBuilder program to support jobs and boost demand in the residential construction sector at a time when the construction industry is facing extreme uncertainty.  Prime Minister Scott Morrison says this will drive a “tradie-led recovery” of the economy. HomeBuilder will provide all eligible owner-occupiers […]

Unintended consequences of Government COVID-19 Policies

Unintended consequences of Government COVID-19 Policies

For every action there is a reaction. And while we’re not criticising the government’s policy response to COVID-19, we recognise that such intervention often has unintended consequences.  Take lower interest rates for instance. Central banks intended to make the cost of investment cheaper and be stimulatory. Instead, Australian households borrowed […]

Time to reassess your financial priorities

Time to reassess your financial priorities

At a time of uncertainty about the economy, not to mention unexpected social isolation, people are rethinking their personal and financial priorities.  Whether you are spending less by necessity or because you are living more simply at home, this could be a good time to reassess your spending and review […]

Keeping the economy moving

Keeping the economy moving

The Morrison Government’s mind-bogglingly large support packages to get Australians through the COVID-19 shutdown have dominated headlines, and rightly so. Only months ago, the Australian economy was in relatively good shape and headed for a Budget surplus. It’s not just the Government that has swung into action. Behind the scenes, […]

The Big Differences between the Great Depression and Covid-19

The Big Differences between the Great Depression and Covid-19

Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong as you may think. Without a doubt, countries worldwide are in for sharp, deep recessions as they […]

Support for business investment

Support for business investment

The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to […]

Economic Stimulus Package – Payments to love income households and pensioners

Economic Stimulus Package – Payments to love income households and pensioners

As part of the Government’s series of measures to support the economy and individuals through the Coronovirus crisis, Newstart recipients, age pensioners and veterans are being provided with a one-off payment of $750. These payments started flowing into the bank accounts of 6.5 million (mainly) lower-income Australians from March 31. […]

Coronavirus and Global Volatility

Coronavirus and Global Volatility

Special Update – Monday 9th March, 2020. Today the Aussie market suffered the worst decline since October 2008 with the ASX 200 -455.6pts or -7.33% to 5760.6pts. All sectors finished in negative territory with the energy producers the hardest hit due to plunging oil prices. The market is now at […]

2019 Year in Review: A year of highs and lows

2019 Year in Review: A year of highs and lows

It was a year of extremes, with shares hitting record highs and interest rates at historic lows. Yet all in all, 2019 delivered far better returns than Australian investors dared hope for at the start of the year. The total return from Australian shares (prices and dividend income) was 24 […]

Steering through choppy seas

Steering through choppy seas

Like it or not, we live in interesting times. More than a decade after the Global Financial Crisis, the global economy is facing fresh headwinds creating uncertainty for policy makers and investors alike.  This time around it’s not a debt crisis, although debt levels are extremely high, but geopolitical instability. […]

Building wealth in diversity

Building wealth in diversity

What a difference a year makes. In recent months, Australian shares hit a record high, the Aussie dollar dipped to levels not seen since the GFC and interest rates were cut to historic lows. Towards the end of 2018, shares were in the doldrums and while experts agreed the Aussie […]

September Economic News

September Economic News

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. August was a challenging month for investors. Global markets reacted negatively to an escalation in the US-China trade […]

August Economic News

August Economic News

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators.  Australia’s All Ordinaries Index and ASX200 finally broke through their 2007 record highs set before the GFC. While […]

Is the tide turning on the property market?

Is the tide turning on the property market?

For the first time in years, the planets seem to be aligning for homebuyers and property investors. Interest rates are falling, property prices largely appear to be stabilising and constraints on bank mortgage lending have been relaxed.  It’s welcome news for first homebuyers and anyone who has been waiting on […]

July Economic News

July Economic News

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. Australia’s annual economic growth fell from 2.3 per cent to 1.8 per cent in March, the weakest since […]

2018 Year in Review

2018 Year in Review

Investors started 2018 full of hope, with the global economy and financial markets in good shape, but by year’s end they were uncertain and a little anxious about what lay ahead. Markets responded with last minute falls across all asset classes. The issues that weighed heavily at the end of […]

10 Years Ago – The Global Financial Crisis

10 Years Ago – The Global Financial Crisis

Thinking about the Global Financial Crisis (GFC) still puts shivers down my spine and it not something I will ever forget. We have learned the lessons of the GFC in how we approach investing your money but still there are some important lessons here written about by Dr. Shane Oliver […]

Making the most of a falling Aussie dollar

Making the most of a falling Aussie dollar

One of the major themes for local investors in 2018 is the fall in the Australian dollar, and it’s not just Aussie travellers heading overseas who are affected. Currency movements can have a big impact on your investment returns, but where there’s risk there’s also opportunity.

Have oil prices peaked?

Have oil prices peaked?

Australian motorists are not the only ones hoping that global oil prices have peaked after reaching four-year highs in 2018. Not only do high oil prices flow through to the price of petrol at your local service station, but they also increase the cost of doing business for everyone from […]

Surge in spending ahead of election battle

Surge in spending ahead of election battle

The Federal Government has turned the spending tap back on, signalling the end of the revenue drought since the GFC and the end of the mining investment boom. As widely anticipated, Treasurer Scott Morrison’s third Budget has cut income taxes, boosted support for senior Australians, delivered $24.5 billion of new […]

2017 Year in review

2017 Year in review

Investors had plenty to smile about in 2017, despite a world of worries on the geopolitical stage from the Middle East to North Korea and the South China Sea. The global economy continued its steady improvement and financial markets produced some excellent returns. 

Lessons from the GFC – 10 years on

Lessons from the GFC – 10 years on

It’s been a decade since the market crash known as the Global Financial Crisis rocked the investment world. At the time investors could only watch in disbelief as 50 per cent was wiped off the value of their shares. Arguably, the actions those investors took are still reverberating today. Which […]

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