Covid-19: Is now the right time to downsize my property? | Q&AMP

As a result of COVID-19 and the rising unemployment rate, many Australians have questions about their retirement and savings, especially whether it’s a good idea to downsize your home right now. AMP Capital senior economist Diana Mousina and financial adviser John Dani discuss downsizing your home in the current state of the residential property market. Watch for an outlook on Australian property prices, the main reasons for selling your home and downsizing, and the key …

Econosights: The impact of Covid-19 on the Australian labour market | AMP Capital

Econosights: The impact of Covid-19 on the Australian labour market Key points Most industries are feeling some negative impact from the coronavirus disruption via reduced employee hours, wage cuts, stood down workers or permanent staff reductions. On our estimates, around 41% of jobs are at a high risk of lower work hours, being stood down or terminated. However, the Federal Government’s well designed JobKeeper wage subsidy scheme should see most of these employees kept in …

How fit are your finances? | Money & Life

    How fit are your finances? Wearable technology can monitor our heart rate and tell us how much sleep we’ve had, but what about our financial wellbeing? If you could benefit from a Fitbit for your finances, read on. Just like your physical health, the more you can monitor what’s happening with your finances, the easier it will be to improve your financial fitness. We all know that financial stress can have a negative …

Key measures for super, social security in response to COVID-19 | AMP Capital

Key measures for super, social security in response to COVID-19 The government’s announcements on 22 March help provide support for some people impacted by the economic effect of the Coronavirus. Three of the announcements which are now law, apply to anyone with super or in receipt of social security benefits. Let’s look at what the government has to say and how the changes work. In a nutshell the changes are: Reduction in the minimum pension for …

The Australian economy – five reasons growth will continue but unlikely to be enough to justify rate

The Australian economy – five reasons growth will continue but unlikely to be enough to justify rate Key points The Australian economy grew 2.4% through 2017, good but well below potential given high population growth. There is good reason to expect growth to continue and pick up a bit: the drag from falling mining investment is nearly over, non-mining investment is turning up, public investment is strong, trade should add to growth and profits are …