Market Update – September 2018

Australia’s recent sharemarket outperformance has reversed in September and also through October to the date of writing. Domestic headwinds in housing-linked and banking sectors have taken the gloss off what has otherwise been a strong year. Resources however have recovered much of their 2018 underperformance over the last 6 weeks, with sentiment improving on the back of rising oil prices …

Market Update – August 2018

Welcome to the August market update. The June-half Australian earnings season are now wrapped up and whilst the results have been solid, they have not been spectacular. The breadth of profit increases was the most impressive takeaway, with 77% of companies reporting increases (the strongest since the GFC). This will bode well for investors relying on the yield from their …

Low rates, rising costs make it tough for many retirees

Self-funded retirees have been doing it tough since the global financial crisis, battling constant changes to superannuation law, age pension limits and Australian interest rates at record lows and seemingly staying there. Historically, term deposits form a big part of investment returns for retirees because they’re low risk and generate a solid and reliable rate of return. However, with such …

Market Update – July 2018

Welcome to the July market update. Australian shares returned 1.4% in July, buoyed by the Telecommunications sector (+7.9%) which ended a seven-month slide as attention turned to the much anticipated 5G spectrum auction. Telstra, in particular, ended a horror run and notched up 8.4%. Major energy suppliers came under pressure following the release of the ACCC’s recommendations aimed at improving …

Market Update – June 2018

Welcome to our June market update. Australian shares performed strongly in June, rising 3.3% on the back of Energy (+7.8%) and IT (+6.3%) sectors. We also saw strong performance from some of the Consumers, Wesfarmers in particular being buoyed from its decision to exit it’s disastrous UK venture and demerge Coles. Total performance for the past financial year in Australia …

Weigh up all costs of downsizing

Jason Featherby | The West Australian Monday, 18 June 2018 From July 1, if you are 65 years or older and sell your family home, you can contribute some or all the sale proceeds to super. These “downsizer contributions” present an opportunity to top up your super, even if you’re otherwise unable to contribute under super law due to your …

Rule Change Woes Loom

Jason Featherby | The West Australian Monday, 16 April 2018 Banks have slammed the brakes on interest-only property loans, with APRA now requiring banks to limit new interest-only lending to 30 per cent of total new residential mortgages. Thousands of homeowners face looming financial crunch as some analysts estimate $60 billions of interest-only loans written at the height of the …

Market Update – April 2018

Welcome to our April market update. And just like that….the ASX 200 is back above 6,000 points and the negative of February and March have been recovered. Below we summarise key market returns to 30 April 2018. Australia delivered some tidy outperformance for the month versus US and global equities. The resource and energy sectors were the best performers for …

Market Update – March 2018

Welcome to our March market update. Australian equities fell 3.8% in March, topping off the worst first quarter performance since the GFC despite a mostly positive earnings season in February. All sectors aside from property were down for the month, with Telecommunications (-6.3%) again the worst performing sector. Industrials were the least affected (-0.9%), supported by gains in Brambles (+4%). …