Super News for Retirees

Federal Government released draft legislation whereby retirees over 65 would be able to make to their superannuation contributions up to $300,000 within a 90day period of selling their home and providing they were moving into a retirement community, aged care facility or smaller homes not close to schools or away from major employment centres or […]

Federal Government First Home Super Saver Scheme

The Federal Government has now just released a draft legislation announcement of its First Home Super Saver Scheme, which from all indications will be controlled by the Australian Taxation Office (ATO).  They will have the authority to determine who is eligible to withdraw funds from their super fund to contribute towards buying their first home. […]

Know When or If to Retire

Before considering retirement you need to know what your retirement will look like and can you afford to retire, or should you retire.  Know how much you will need in retirement. How many games of bowls or golf games a week are going to long term satisfy you in retirement.  How many times can you […]

Market Update

Is the Second Longest Bull Market Running Out? The bull market is still going but how long can this bull market keep running? Since March 2009 it is the second longest bull market in 99 months. Markets have risen considerably. Bull markets cannot go on forever and while we are still seeing growth, it’s probably […]

Market Update

Housing Market The Australian Bureau of Statistics has released dwelling approvals data for the month of May at a national level showing the number of dwelling approvals fell by 5.6% to 16,448.  The decline was due to the unit and apartments dropping by 12.1%, however home approvals actually rose slightly.  There is still the belief […]

RBA Announces Official Cash Rate Call

There was no surprise when the RBA at its July monthly board meeting announced another hold on its official interest rate of 1.5% for July.  The RBA last moved rates  August 2016 down to the current rate. There is speculation among analysts that the next rate move will be upward.  The RBA remains positive that […]

Market Update

Markets are still positive and ASX on Monday went up 0.78% to 5,948.90. The Dow up slightly 0.01% to 20,658. The next few days the ASX could pass through the 6000 point barrier. Recent surveys show market confidence to be high and those surveyed show 1 in 2 believe the market will be higher in […]

President Trump’s First Week

First week for President Donald Trump and he has signed a dozen executive orders. Yes, it appears we are going to build that wall and maybe Mexico may pay for it or face a 20% tax on their imports. He has signed for the construction of two new oil pipelines which has been on the […]

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 […]