As we move into April, and hot on the heels of the recent Federal Budget, Prime Minister Anthony Albanese has announced a national election for May 3 – kicking off an April campaign centred on tax cuts and cost-of-living relief.
A huge thank you to everyone who joined us for our Wealth & Wisdom event on the 28th of March 2025! From start to finish, it was a day packed with expert knowledge, practical insights, and invaluable discussions that left us all more informed and empowered. Be sure to check out our blog post for more info.
March continued to be a very exciting month for Centaur, launching our new Australian Financial Services Licence (AFSL) under the name Abundant Wealth Partners Pty Ltd. This is a monumental milestone for us, and we couldn’t have reached it without our client’s unwavering support. Be sure to check out our Centaur Website with our new Financial Services Guide, Adviser Profiles and Policies.
Meanwhile fears of inflation in the United States and alarm about unpredictable and escalating tariffs saw sharp falls on Wall Street during March, particularly in the final week.
In Australia, the events in the US, conflicts in Ukraine and the Middle East and the start of the federal election campaign have all made their mark. The S&P/ASX 200 reacted with an almost 5% drop during March. The Australian dollar, in the doldrums all year, improved slightly during the month before ending lower at around 63US cents.
Economic growth was up 0.6% in the December quarter and 1.3% for the year and household wealth climbed 0.9% in the same period.Inflation rose 2.4% in the 12 months to February, a slight softening from the previous month’s increase of 2.5%.
Consumer sentiment recorded a 4% rise in March, according to the Melbourne Institute and Westpac Bank Sentiment index. The RBA’s decision to cut interest rates in February and a further easing in cost-of-living pressures have provided a clear lift.
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As always, if you have any questions, please do not hesitate to get in contact with our team – (07) 5559 5760.
