The Albanese government is planning to impose a higher tax rate on superannuation balances above $3 million. This is set to take effect from July 1, 2025, and has been sold as increasing fairness and sustainability in the system, but…
2025 Q1 March Quarter Review
Early tariff concerns prompt a stock rotation from the US to Europe.
The Magnificent Seven come off the boil as Chinese AI emerges as a threat.
Increased defence spending coming in Germany and Japan?
The UK stuck in a low growth environment.
Australian stocks down, with few green sectors.
Australian real estate up slightly to hit record highs.
2024 Q4 December Quarter Review
Trump election win equals potential tax cuts & deregulation, but tariff increases.
The great resignation becomes the great stay.
UK Labour goes from penthouse to doghouse in record time.
Politics making the Eurozone more unstable.
Bond yields on a tear globally.
Positive returns for sharemarkets both locally and globally for 2024.
Australian real estate becomes location, location, location as prices moderate.
A Donald Trump Win: What it means for Australian Investors
Overnight, we received the dramatic news that Donald Trump had been elected president for the second time, the Republicans now appearing to have control across both houses. The US share market rallied to record highs. However, what may appear to be good for America, in terms of market rallies in the shorter term, may not be good in the longer term for the US and the global economy, including us in Australia.
2024 Q3 September Quarter Review
The US Fed moves on rates.
Brief chaos in Japanese market highlights value of long term thinking.
Global and Australian stock gains, with bonds offering good returns.
Strong returns across many sectors, while tech struggles on AI questions.
Australian real estate beginning to ease up with quarterly falls in some capitals.
2024 Q2 June Quarter Review
Points of Note:
The US economy continues to be resilient while Europe sees rate cuts.
Slightly negative market returns in Australia.
Positive global returns, but Australian dollar a headwind for unhedged investors.
Market rally narrows back to big tech names.
Australian real estate still strong, but Melbourne & Hobart lag.
Federal Budget 2024/25
2024 Q1 March Quarter Review
Points of note:
Sharemarkets very strong in most developed markets
Market rally in US broadens beyond tech, with Apple and Tesla struggling.
Bonds more mixed with questions over predicted rate moves.
Chinese markets continue to lag, but valuations appear attractive.
Australian property prices & rents continue their upward momentum.