By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 21 2016 Key points The vote by Britain to leave the European Union poses risks for UK, European and global financial and economic stability that may linger for a while. However, it needs to be kept in perspective and is unlikely to plunge the... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 20 2016 Key points Uncertainty around the outcome of Britain’s referendum on whether to Remain in or Leave the European Union has reached fever pitch. While a victory for the Leave campaign will likely see more volatility, the global economic consequences have likely been... Read more
The Australian retirement saving system is ranked third worldwide in the 2015 Melbourne Mercer Global Pension Index (MMGPI). In the overall ranking, which includes measures of adequacy, sustainability and integrity, the Australian retirement saving system was awarded a score of 79.6 behind Denmark (81.7) and Netherlands (80.5). The Australian score results in a B+ categorisation, slightly outside the A grade... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 19 2016 Key points The success of Trump and Sanders in the US, the close Brexit vote and the Australian Federal Election campaign suggest median voters have shifted to the left and support for economic rationalist policies has fallen. The risk is that a... Read more
CGT Withholding Tax: Important Changes From 1st July 2016
Written by Andrew O'Donnell, Director - Edney Ryan LegalNew rules will apply to sellers of certain taxable Australian property under contracts entered into from 1 July 2016. The new legislation imposes a 10% non-final withholding obligation on the purchaser of certain taxable Australian assets when they believe the vendor is a foreign resident. Purchasers will be required to pay 10% of the purchase price to the ATO which... Read more
Over the past 12 months, combined capital city home values have increased by 7.6%, with the annual rate of growth down from a recent peak of 11.1% recorded in July last year. Melbourne has maintained its number one growth position, with annual capital gains of 11.1%. Sydney’s annual rate of growth has continued to moderate, having almost halved from its... Read more
SMSF’s versus Super Wraps
Written by Kate O'Brien, Financial Adviser - Edney Ryan Wealth ManagementThe self-managed superannuation fund (SMSF) sector has experienced extraordinary growth over the last 15 years now accounting for almost $600 billion of superannuation, overtaking the retail superannuation sector now worth about $550 billion. Most individuals cite the desire for investment control and reduction of fees as their driver for establishing an SMSF. There is no question that a SMSF offers... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 10 2016 Key points China’s economy is seeing an ongoing transition from manufacturing & investment to services & consumption at the same time that it is continuing to deregulate. This transition will entail slower growth than seen last decade and bouts of uncertainty. However,... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 9 2016 Key points Very expensive housing and high household debt leave Australian housing vulnerable. However, in the absence of either a recession or much higher interest rates a property crash looks unlikely. The Sydney and Melbourne property markets are likely to slow further... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 7 2016 Key points There is a seemingly long list of global political issues that could affect investors this year: the US presidential election, a vote on Brexit, the rise of populism in Europe, tensions in the South China Sea, tensions between Saudi Arabia... Read more