Money

Don’t Hold Your Breath To Get A Foot In The

Between January 1991 (in the aftermath of mortgage rates rising to an all-time high of 17½% in the late 1980s) and September 2017, Australian residential property prices rose by 313.5%, according to CoreLogic’s now widely-used measure. Over the same period Australia’s population grew by 29%; average weekly ordinary-time earnings rose for full-time adults rose by […]

Money

It’s time to kick the banks out of schools, and

We need a financial revolution in this country, and it needs to start with our kids. My name is Scott Pape and a few years ago I wrote a book called The Barefoot Investor. It went on to become a bestseller. And the #1 question people asked me after I wrote it was:  “Why didn’t I get […]

LocalMoneyPolitics

MILKING OUR WATER

When the Government decided to merge Midcoast Water with MCC it was claimed that it would save the Midcoast Water some $2.4m per year mainly due to the merging of the backroom functions. Well the reality is that in the period from 01/07/2015 to 30/06/2019 the Administration costs have increased from $185.19 per property to […]

Money

PLANNING LIFE STAGES AND BEING PRO-ACTIVE NOT REACTIVE.

When it comes to more elderly clients, it’s better to make life choices when you are able, not when it’s forced on you. This applies to accommodation as well as financial choices. Tasks such as de-cluttering, and choosing a home that will suit your future physical limitations, rather than a short term fix, is best […]

Money

SUPERANNUATION OPPORTUNITIES BEFORE AGE PENSION AGE

In my experience, superannuation is not well understood by most Australian’s and pre-conceived views are mostly way off the mark. The return on superannuation is determined by how the underlying assets are invested. If a fund is invested in cash or bank deposits, then the return will be the interest rates at the time less […]

Money

IT’S NOT ALL DOOM AND GLOOM

Reports from several businesses that they have had a flood of new activity on the back of Covid 19 stimulus, indicates that Government stimulus initiatives have had some effect but it is industry specific. This is also reflected in the growth in the value of some listed shares, where demand for specific products and services […]

Money

THE CORONAVIRUS PANDEMIC, THE ECONOMY AND INVESTMENT PERSPECTIVES.

I recently read a very well written piece from Dr Shane Oliver, Chief Economist from AMP Capital Management. So upfront, I will be referencing Dr Oliver and I am giving him credit for much of the discussion points that I am about to share with readers. For an economy to suddenly have double the unemployment, […]

Money

ASSISTANCE TO WELFARE RECIPIENTS

The Australian Government has provided a stimulus package amongst other financial assistance to counter the impact on the economy and the wellbeing of Australians due to Covid-19 virus. What has not been publicised, is how current asset test assessment thresholds can increase pension payments or results in those not qualifying for age pension assistance, may […]

Money

Footballers and high impact sport and recreation enthusiasts! Take Note!

Over the past year, we have had five clients who were injured during sport and recreation pursuits who were assisted with claims under income protection and specified injury cover. In the previous two years there were a similar number of footballers both locally and outside of this area, very grateful for the insurance cover that […]

Money

DEATH TAX BY ANOTHER NAME

When I was 14, my grandfather who was 91, transferred his share of the family farm to my uncle and father, who then had to pay gift duty on the value of the gift. They figured that was better than the cost of death duty once my grandfather died.Unfortunately, grandfather, an avid cricket fan,  needed […]

Money

BE READY FOR LOWER INVESTMENT RETURNS

I have been bemused by some opportunistic advertising and media commentary regarding the great returns coming from superannuation the past calendar year and the boost to the average returns over 3, 5 and 10 years. It is now more than 10 years since the GFC so those negative years have been eliminated in the quoted […]

LocalMoneyPolitics

Council Finances – Still a Mess!

Last month we wondered if MidCoast Council had made “ . . . The Dumbest Deal EVER?” We revealed some of the key financial provisions relating to the project entitled ‘The Forster Civic Precinct’, which is not really a ‘Civic Precinct’  but a library within a high rise commercial property development, which will accommodate a small service centre (as […]