Financial Planning Message – December 2022
As 2022 draws to a close we are reminded of the recent period of intense volatility in capital markets and the reality that a global recession is likely next year.
Read more
Worst Is Yet To Come For Housing Market
Property Talk about prices hitting bottom may be optimistic. Predictions that the housing market will soon bottom out are premature because the worst effects of higher interest rates are yet to come.
Top Central Banker’s Sobering Rates Warning
Members of embattled super fund EISS could be forced to pay penalties levied against its board of directors, after the industry fund’s union.
Falling House Prices a Huge Danger To JB Hi-Fi
JB Hi-Fi ultimately proved to be one of the COVID-19 winners even though its share price was trashed at the start of the pandemic when a heavy sell-off across the broader sharemarket meant it lost 40 per cent of its value.
Taxing Homes Would Fill Gap: OECD
Australia’s public purse missed out on $64 billion last year in tax revenue foregone due to the capital gains tax exemption on the principal place of residence.
China Is Stumbling Into Its Own Destabilising Mortgage Disaster
The Chinese authorities’ drift on managing bad debts feels eerily like the impending subprime crisis in 2008.
Financial Advisers Question Hostplus Returns
Critics question why Hostplus was crowned Australia’s best balanced superannuation fund over one and 10 years, saying the rankings rely on unpublished valuations of unlisted assets akin to ‘‘marking your own homework’’.
New Research Shows you Don’t Need $1m In Super To Retire
The recovery in property prices, led by surging population growth and a severe housing shortage, could prove short-lived if unemployment rises and the Reserve Bank keeps the cash rate high, economists warn.