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| | | Australia's compulsory superannuation system is one factor that has helped weather the global macro storm, explained SG Hiscock & Company portfolio manager Hamish Tadgell. Speaking with Financial Standard, Tadgell explained that Australia's super system ... |
| | | | Most economists have flagged that the cash rate will rise again today, despite inflation having eased. A Finder survey said 88% of experts believe the cash rate will grow to 3.1% in December, which would be an eighth consecutive rate rise. Finder head ... |
| | | | Household Capital has acquired government home equity scheme specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023. Pension Boost assists retirees in accessing the Home Equity Access Scheme with Centrelink. ... |
| | | | ... 16% said they felt financially stressed daily and 85% are worried about the impact of recent economic events on their household budget. According to the study, 72% of respondents believe advice would help them achieve their financial goals and 61% think ... |
| | | | Superannuation funds are playing a huge role in democratising private markets, making them more accessible to retail investors, PGIM vice president, head of thematic research Shehriyar Antia told Financial Standard. "Until recently, private markets ... |
| | | | ... converging to pose significant inflationary challenges globally and here at home." However, despite the current pressure on household budgets, McCrea remarked that Australian retirees are in a stronger retirement position than their global peers, because ... |
| | | | ... normally flow from a 25% fall in approvals," Oliver said. While recognising that the surge in energy prices has impacted household budgets, he explained that simultaneously it's provided a boost to national income through energy company earnings. "This ... |
| | | | ... drivers of the downturn remain: poor affordability, rising mortgage rates, some rise in new listings, a rotation in household spending from goods, cost of living pressures, and a collapse in homebuyer confidence," Oliver said. Though, he argued the biggest ... |
| | | | ... (RBA) has a greater capacity to keep rates lower for longer. "This buys us time to fix some of the issues that risk household financial distress," Saxena said. "In my view, the main risk to the Australian economy is financial distress. I expect the real ... |
| | | | ... the cash rate further, against the medium-term risks associated with an increase in what were already high levels of household debt." These decisions by the board were intended to limit the build-up of financial imbalances that can cause instability ... |
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