Finance
Oliver’s insights – RBA review
27 April
it’s not clear the proposed reforms will lead to a better outcome for the Australian economy Key points – The independent Review of the RBA has recommended a significant change in the way the RBA does things in relation to the monetary policy...[Read More]
Econosights – Australia’s housing shortage
26 April
Key points – Housing demand in Australia is rising quickly because of a surge in net overseas migration. However, housing supply is not lifting in line with demand because of high interest rates and issues in the residential construction...[Read More]
Super tax tweak to slug top 10pct, Treasury docs reveal
26 April
A 20-year-old earning an average wage – about $90,000 a year in today’s terms – is expected to be captured under federal government changes to superannuation tax concessions, but only by the time they reach their early sixties. New Treasury...[Read More]
Pathway to budget balance littered with tough calls
26 April
Cost of living relief must be temporary and targeted and cash splashes shelved if the federal government is serious about taming inflation and returning the budget to balance in the next 10 years, new PwC analysis shows. Modelling by the major...[Read More]
Door still open on raising welfare payments in budget
26 April
A live debate is under way about whether the federal government will raise the rate of welfare payments, as pressure mounts from its own back bench as well as advocates and economists. An open letter addressed to Prime Minister Anthony Albanese and...[Read More]
Guided weapons to be game changer for country: Marles
26 April
Australia will have the capacity to manufacture long-range missiles in a “couple of years”, Defence Minister Richard Marles says. The Albanese government on Wednesday announced $4.1 billion had been committed towards long-range strike missiles...[Read More]
Australian shares edge lower as inflation cools – ASX200 finished down 5.7 points, at 7,316.3 (26/4)
26 April
The local share market has finished ever so slightly in the red, clawing back most of its earlier losses after weaker quarterly inflation data increased the odds of the Reserve Bank leaving interest rates unchanged next week. The benchmark...[Read More]
The most common financial mistakes
20 April
It’s easy to make mistakes with money, especially if you’re unaware of how dire the consequences of your actions could be. Here, we’ll look at some of the most common financial mistakes people commit that frequently result in severe financial...[Read More]
Oliver’s insights – investment outlook Q&A
20 April
Key points – Inflation is likely to have peaked and this means that central banks are either at or close to the top on rates. – The risk of recession has increased but should be avoided in Australia, providing the RBA is at or near the top on...[Read More]
Weekly market update – Investment markets and key developments
20 April
Investment markets and key developments Global share markets had a strong week helped by a further fall in US inflation adding to expectations that the Fed is at or close to the top. For the week US shares rose 0.8%, Eurozone shares gained 1.7%,...[Read More]
Advocate hopeful of single parent support in budget
19 April
The chair of the women’s economic equality task force remains hopeful the Albanese government will find room in the budget to support single parents, despite the government’s refusal to boost JobSeeker payments. Reinstating the single parenting...[Read More]
Business activity recovers to pre-COVID levels
19 April
Australian businesses have so far proven resilient to high inflation and interest rates, with business activity returning to pre-COVID levels. CreditorWatch’s monthly business risk report shows several indicators of business activity rebounding to...[Read More]
Accessing your super early may be illegal
19 April
Super funds have an important role to play in maintaining the integrity of the superannuation system by ensuring benefits are not released where the member has not met a condition of release. This includes where a member has requested a rollover to...[Read More]
Boosting Solomons ties ‘crucial’ for Pacific prosperity
19 April
Australia is looking to boost its economic relationship with the Solomon Islands amid concerns about the Pacific nation drifting closer to China. Assistant Trade Minister Tim Ayres used a speech at a bilateral business forum to outline Australia’s...[Read More]
Australian shares flat amid further hawkish Fed talk – ASX200 up just 5.3 points, at 7,365.5 (19/4)
19 April
The local share market has finished little changed as strong economic data and further hawkish rhetoric from Federal Reserve officials undercut hopes for a pause in US interest rate hikes. The benchmark S&P/ASX200 index on Wednesday finished up just...[Read More]