Australian share market update
The Australian Share Market is still showing a weak performance being down last week by 1.7%. This was mainly due again to a weak performance in source stocks. Oil prices have weakened causing the energy sector to fall 5%. We are seeing mines in the Hunter area close due to a weakness in the mining […]
Market outlook
While the share markets have recovered from previous weeks and US stock have mostly recovered, there was a dip on Tuesday due to energy and oil prices sliding. Further, the US trade deficit rose by 7.6% in September to $43 billion from August. This was up more than expected and was due to weak exports […]
Our obsession with property
ANZ Chief Executive Officer Phil Chronican says negative gearing is the key driver behind Australia’s “irrational obsession” with property. Is negative gearing the driver or is it people are looking for some diversification in their investment portfolios? With the Australian Share Market going nowhere, you can understand their thinking. Some Australians have always liked property. […]
Important social security changes from 1 January 2015
If you are currently in receipt of an income support payment (age pension, disability pension, NewStart, Carers payment), or are eligible to receive this payment before 1 Jan 2015, you may be affected by the new rules. It may be beneficial for you to commence an account based pension prior to 1 Jan 2015, or […]
