News

Shane Oliver looks back at the bear markets in Australia since 1900, and discusses whether we are headed for a recession, a depression or something unprecedented. He asserts that growth could rebound quickly once the virus is under control and policy stimulus impacts. Key Points Global share markets have fallen into a bear market, but whether this turns out to... Read more

What Isn’t in a Will Kit?

Written by Andrew O'Donnell, Director - Edney Ryan Legal

DIY “Will Kits” are not new and now many websites boast online Wills which promise to save hundreds on legal fees. The convenience and low price may seem initially appealing, however there are some significant disadvantages to preparing a Will without sound legal advice. 1. You Don’t Meet the Person Writing Your Will. This is the most significant issue with... Read more

We can always count on Shane Oliver to keep us balanced and focused on the basics during times of uncertainty. In his latest article, he reminds us of five critical aspects of investing in times of market stress. Key Points Successful investing can be really difficult in times like the present with immense uncertainty around the impact of coronavirus on the... Read more

Where in Australia is a Mortgage Less Than Rent?

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

With interest rates low, many Australian’s are looking to transition from renting to home ownership. Housing affordability continues to be a major challenge, however there are areas where home ownership could be a reality for renters. CoreLogic recently released data showing that more than a third of properties across Australia had estimated mortgage repayments that were less than weekly rental... Read more

Say Goodbye to AUSkey. Welcome to myGovID and RAM

Written by Sam Gebara, IT System Administrator, Edney Ryan Chartered Accountants

Business owners and operators will be familiar with AUSkey which has been used to date as a secure login that identifies you when you use government online services, for example, lodging your business activity statement (BAS). AUSkey has also allowed you to authorise others, for example your bookkeeper or accountant, to act on behalf of your business. After 27 March... Read more

The Correction in Equity Markets Caused by Coronavirus Fears

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

We have seen a major correction in all equity markets around the globe, as investors react to the impact of coronavirus on company profits. Travel bans and factory closures will certainly have an impact on global economic growth and activity. Uncertainty and fear are leading many investors to sell indiscriminately as they try to reduce their overall exposure to the... Read more

Shane Oliver’s latest article looks at the increasing spread of coronavirus. Key Points: While reported new coronavirus cases in China have slowed, the pickup in cases outside China has led to a renewed sharp fall in share markets, commodity prices and bond yields. Our base case is that the outbreak will be contained allowing share markets and bond yields to... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 19th February 2020 Shane Oliver’s latest article addresses the concern that central banks are distorting market forces, leading to overvaluation of prices for assets like shares and property. Key Points: Shares are vulnerable to a short-term correction. But with inflation low, and as long as... Read more

Shane Oliver’s latest article looks at coronavirus and other worries, and how to turn down the noise around investing. Key Points: The coronavirus outbreak is just another of a long list of worries. Our natural inclination to zoom in on negative news combined with a massive ramp-up in the availability of information is arguably making us worse investors: more fearful,... Read more

Changes to the Main Residence CGT Exemption for Foreign Residents

Written by Stephen Ryan, Managing Director - Edney Ryan Chartered Accountants

An important change to the CGT main residence exemption for foreign residents was recently passed. As this will significantly impact a number of our clients, we provide some detail below. Who is Impacted? This change will impact individuals who are foreign residents for tax purposes, and who will be selling their main residential property in Australia. Previously, these individuals were... Read more