As the COVID-19 situation continues to unfold, new trends can be observed in the property market. Considering recent events, the market has been a state of flux. Brett provides his insight on the property market in Australia and what can be expected in the future. Joel provides an update on the EOFY results and how the Stock Market performed in the face of recent crises.
It’s often said that for a better chance at investment success, portfolio decisions should never be guided by specific moments. This is probably more evident than ever in this volatile market, where daily swings can reach surprising heights and then record lows. Disregarding your long-term investment plan and letting only emotions dictate whether you should cash out or accumulate more at such times can be costly.
The Australian Federal Parliament has approved the JobKeeper payments ($1,500 per fortnight), boosted JobSeeker payments up to $1,100 per fortnight, and allowed the unemployed and people whose hours have been cut by 20% to dip into their retirement savings to help them weather the coronavirus crisis.
Investors probably will experience three or four of these type of market events in their lifetime – October 2008 when the global financial crisis hit being the last one; October 1987 being another that is seared into the memories of a generation of investors.
On 30 March, the Government announced the $130 billion JobKeeper Payment to help keep Australians in jobs as we deal with the significant economic impact from the Coronavirus.
At the end of 2018, after a dismal fourth quarter – in fact, the worst quarterly performance in seven years – the Australian share market closed at a two-year low.
No doubt, many investors at the time were probably anticipating a mediocre year ahead.
Yet, seven months later, the Australian share market had not only recovered all its 2018 fourth-quarter losses, but breached its all-time peak set back in November 2007.
When it comes to securing “safe” assets, it seems some will go to extraordinary lengths.
Australia has one of the highest rates of share ownership in the world. According to an ASX Australian Investor Study, approximately 37 per cent of Australian adults hold shares either directly (31 per cent) or indirectly (7 per cent derivatives and 11 per cent invest in other on-exchange investments), making us a country with one of the highest rates of share ownership in the world
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Our last year’s episode commences with a discussion on a report regarding the Australian Retirement System and the Three Pillars of Australia’s entire retirement system, which was compiled by a group of independent experts and commissioned by the Government. Following that Joel provides an update on the Share market and how the market performance over the past couple of months has been relatively benign. Finally, Brett tells us about South-East Queensland Residential Property Market and how Brisbane continues to be an attractive option for prospective buyers despite rising median prices.