4 reasons the share market could hold up against COVID-19 There are very good reasons for the faith that investors are placing in equities markets. News around the COVID-19 pandemic hasn’t been promising. New cases have shown early signs of stabilising, but it’s too soon to say we’ll see a dip in new cases. The world’s largest economy also remains under siege as the virus begins to take hold across many parts of the US. …
Econosights: The outlook for consumers Key points Despite the fall in Australian employment since March, total household incomes have risen from government payments and other measures including the mortgage deferral scheme and early access to superannuation. Consumer savings will lift in the short-term from the temporary boost to income and lower consumer spending. Higher household savings will help to smooth consumption over the next year as household income growth remains low into 2021 as the …
How to budget for your social life in retirement Have you considered what’s on the agenda, such as how often you see yourself eating out and whether you want to travel domestically or afar? If you’re in or approaching retirement, you may be prioritising things such as living costs, utility bills, health care and even potentially helping the kids out with their future financial goals. With many Australians looking at a retirement (which in reality, …
Seven reasons why the trend in shares will likely remain up, albeit with bumps along the way Key points Shares have had a strong run up from their March lows with US shares now at a record high. While shares are vulnerable through the seasonally weak months ahead in the run up to the US election, the positives – including good progress in developing vaccines, the downtrend in the US dollar, signs of …
Market Update 21 August 2020 Investment markets and key developments over the past week Share markets were mixed over the last week. US shares rose slightly but have been constrained around their February record high and Chinese shares rose but Eurozone and Japanese shares fell after strong gains in the previous week. Australian shares were little changed reflecting the mixed global lead along with bad but no worse than expected overall earnings results. Very strong …
The twilight zone: Australian house prices falling but worse to come Average property prices across Australia’s capital cities fell for the third month in a row in July. The monthly fall, of 0.8%, means capital city prices have fallen 2% on average since their peak in April 20201. AMP Capital chief economist and head of investment strategy Dr Shane Oliver says average property prices rose by 10.3% between June 2019 and April 2020, but …
Market Update 14 August 2020 Investment markets and key developments over the past week Major global share markets, with the exception of Chinese shares, rose over the last week as US new coronavirus cases trended down and on optimism regarding a vaccine and the economic outlook, with the US share market briefly surpassing its February closing high. The positive global lead along with a fall in new Victorian cases saw Australian shares rise to the …
If you’ve applied for a financial hardship arrangement, making a plan now will help you keep your mortgage on track. Start by understanding how your hardship arrangement works. Then check your budget to see if you can start making repayments again, or contact your lender straight away if you think you need to extend the arrangement. For more information, visit Moneysmart.gov.au. Original Author: Produced by Moneysmart and published on 14/08/2020
How leaders can embrace change The recent pandemic has seen the way leaders direct and manage their teams change. Dr Ty Wiggins outlines how leaders can take a proactive approach to this time of transition. It is an understatement to say that COVID-19 has changed the world we live and work in – from the health threat to the changes in buying behaviour to the acceptance of working from home. The changes in our society …
Mortgage relief to be extended for struggling Aussies There may be some welcome news for distressed Aussie homeowners, with banks extending their offer of mortgage relief to those in need. Find out more about the offer and pay off your home loan sooner. Mortgage holders who are still struggling financially due to the impact of COVID-19 will be eligible for a further four-month extension to repay their home loans. The Australian Banking Association says lenders will work with …
