The Downsizer contribution gives Australians over the age of 65 who have recently sold their home the ability to make a superannuation contribution regardless of your working status. The idea is that sale proceeds up to $300,000 per person can be put into super to help fund your retirement. Who is this helpful for? Anyone […]
HomeBuilder Grant Program
The Australian government has initiated the HomeBuilder grant program to stimulate the residential construction sector and help safeguard the jobs of one million tradesmen around the country. It comes as the building sector faces a significant drop of 22% for homes approved for construction and 13.2% for alterations and additions, figures released by the Australian […]
What if the government doesn’t need to repay its ‘debt’?
You would have seen in the media many times about the huge sums of debt the Australian Government is racking up from the coronavirus stimulus package ($200 billion and counting). Conventional economic theory will tell you this is a bad thing, that it has huge implications for younger generations and their future as governments will […]
Coronavirus and share market insights
Cast your mind back to the financial press of December 2019. How many economists had “a virus caused by people eating bat soup” in their forecasts for 2020? And yet here we are watching with concern the spread of the new Coronavirus, with it being unsettling as a health risk as well as from an […]
How much money do I need to retire?
Many Australians approaching retirement start questioning whether their superannuation balance is enough. According to the Association of Superannuation Funds of Australia (AFSA), most Australians don’t have enough saved and are at risk of facing a lower standard of living once they stop working[1]. There are no scholarships, grants or loans for retirement so a little […]