Australian housing finance is booming… but can it continue?

Australian housing finance is booming… but can it continue? What the data is saying According to figures from the Australian Bureau of Statistics (ABS) , the total value of new loan commitments for housing and within that, the value of owner occupier home loan commitments each reached record highs last month. Some key figures include: 1. The total value of new loan commitments for housing rose 8.6 per cent to $26 billion (seasonally adjusted.) This …

Budgeting for baby: What you need to know

Budgeting for baby: What you need to know Having a baby is an exciting and life changing experience. But what about the cost? There are many hidden and unexpected expenses that go along with your new bundle of joy. Follow our handy guide to planning your finances, so you can avoid any money worries once baby arrives. No two ways about it, having a baby in Australia isn’t cheap. It also comes at a time …

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now? Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, we …

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?   Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, …

Tax offsets for low and middle income earners

Tax offsets for low and middle income earners What you need to know about low and middle income tax offsets Currently, there are two tax offsets for low and middle income earners, which could see you pay less in tax, and you might be eligible for both. Paying tax is something most of us are familiar with, but probably something very few of us are excited about. For many low and middle income earners however, …

4 reasons the share market could hold up against COVID-19

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. …

Mortgage relief to be extended for struggling Aussies | Money & Life

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 …

Finding the right financial planner for you | Money & Life

Finding the right financial planner for you Money & Life contributors draw on their diverse range of experience to present you with insights and guidance that will help you manage your financial wellbeing, achieve your lifestyle goals and plan for your financial future. How should you start your search for a financial planner? There are some fundamentals you should look for in the first instance. A license to provide financial advice – Always look for …

After the Bell: daily market update, June 24 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, June 24 24 Jun, 2020 ASX finished slightly higher today, the Aussie dollar is up, and there are real second wave fears in Victoria. Diana Mousina shares her insights on the day that was. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN …

10 medium to longer-term implications from the coronavirus shock | AMP Capital

10 medium to longer-term implications from the coronavirus shock Key points Key medium to longer-term implications flowing from the coronavirus shock are: lower for longer interest rates; a further blow to globalisation; another leg up in the US/China cold war; bigger government and public debt; a long-term risk of higher inflation; consumer & investor caution; faster embrace of technology; bad for airlines; another test for the Eurozone; and lower immigration. Some of these will constrain …