The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment | AMP Capital

The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment Key points The Government now expects the Federal budget deficit to peak at $161bn this financial year (down from $214bn in October’s Budget) and fall to $107bn in 2021-22. The windfall to the budget from stronger growth is being spent on extra stimulus. Return to budget surplus looks more than a decade away. Key measures include more spending …

Market Update 26 March 2021 | AMP Capital

  Market Update 26 March 2021 Investment markets and key developments over the past week Market sentiment was more cautious this week on concern about the economic reopening from rising COVID-19 cases and vaccine delays. Seasonal impacts affect sharemarkets as well and quarter-end profit taking may also be contributing to sharemarket weakness. US shares on the S&P500 were just negative over the week at -0.1% while the heavier tech NASDAQ index was down by 1.8%. NASDAQ …

Indexation allows for higher super contributions from 1 July, 2021 | AMP Capital

  Indexation allows for higher super contributions from 1 July, 2021 Making super contributions after 1 July this year comes with a nice surprise as the concessional and non-concessional caps have been indexed along with the increases to the Transfer Balance Cap and Total Super Balance Cap. So how do the contribution changes work? Increase in concessional contributions cap Indexation of the standard concessional contributions cap takes place in increments of $2,500, calculated on increases …

Real Estate House View 2021: Retail Outlook

REAL ESTATE Real Estate House View 2021: Retail Outlook 18 Feb, 2021 By Brett Williams Managing Director of Retail – Real EstateSydney, Australia Experience and convenience the key for retail’s future. The retail sector has had a lot of structural challenges recently due to the global pandemic, however its resilience has been stronger than anticipated with optimism around the ability of operators to evolve past their current offering. Looking to 2021, the most appealing assets are …

Australian house prices on the upswing again – seven things to bear in mind about the Australian property market

  Australian house prices on the upswing again – seven things to bear in mind about the Australian property market   Key points Expect average Australian home prices to rise 5-10% this year and next as ultra-low interest rates and economic recovery feed through. However, the outlook is divergent – with houses expected to outperform units and smaller cities and regional property expected to play catch up. The drivers of the long-term property bull market …

5 tips for creating your own good fortune this Lunar New Year

5 tips for creating your own good fortune this Lunar New Year The Lunar New Year begins on 12 February, as we usher in the year of the Ox. Ancient Lunar New Year traditions are believed to encourage health, wealth and prosperity, so why not create your own good fortune with our guide to help you get your finances in order? Have a financial spring-clean Part of the traditional preparations for Lunar New Year includes …

Econosights: Global labour markets are worse than they appear

Econosights: Global labour markets are worse than they appear Key points Global labour markets have proved resilient during the COVID-19 shock. One of the reasons for this is the utilisation of wage subsidy schemes. These schemes mask stood down or underutilised workers, keeping the unemployment rate artificially lower than it would be otherwise. The labour force participation rate has also plummeted in developed countries which has helped to keep the unemployment rate down. These discouraged …

5 ways to shop smarter this christmas

5 ways to shop a little smarter this Christmas If cash flow is looking a tad grim this year, here are some ideas to up the presents under the tree, noting it’s the presence around it that really counts. We don’t need to list the events of 2020 to say it’s been a big one, particularly as we approach the festive season, where many common face-to-face interactions will be limited to a phone or video …

Expect slower medium-term returns

Expect slower medium-term returns Key points The continuing decline in investment yields on the back of falling interest rates and bond yields has seen our medium term (5 to 10 year) return projections for a diversified mix of assets fall to around 4.8% pa. At least it’s still better than sub 1% bank deposit returns. The key for investors is to have realistic return expectations, allow that inflation is also low and focus on assets …

2020 AMP University Challenge – In conversation with Rod Edge

The countdown is on ahead of AMP’s 2020 University Challenge finals. This year’s event will be virtual, but as AMP Australia’s Rod Edge discusses, our five finalists will still face a challenging round of academic and performance-based tests. Original Author: Produced by AMP and published on 19/10/2020