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Oct 31, 2024 | 
moneymag.com.au | Tom Watson |Ryan Johnson |Jonathan Philpot
Household inflation has fallen to its lowest annual rate since March 2021, according to the latest figures from the Australian Bureau of Statistics (ABS) which reveal that inflation rose 2.8% in the 12 months to October. Throughout the September quarter the cost of goods and services tracked by the Bureau's Consumer Price Index (CPI) increased by just 0.2% across the board - down from the 1% increases recorded in both the March and June quarters.
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Oct 31, 2024 | 
moneymag.com.au | Ryan Johnson |Nicola Field |Jonathan Philpot
Amid the whirlwind of questions racing through a homebuyer's mind, one looms largest above all: Should I buy now or wait for interest rates to drop? With interest rates forecast to fall, one in three potential buyers are taking a wait-and-see approach, according to new Mozo research.
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Oct 21, 2024 | 
moneymag.com.au | Jonathan Philpot |Nicola Field |Michelle Baltazar |Ben Nash
While the timing is not yet known, one thing we can be certain of is that interest rates will start to come back down over the next year or two. Most experts expect that rates will begin to fall by early next year and likely reduce by at least 1% to 1.5%, probably over an 18-month period. This is a big relief for those with large mortgages and investment loans, but it is also good news for most investors.
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Sep 17, 2024 | 
moneymag.com.au | Jonathan Philpot |Tom Watson |Glen James |Paul Clitheroe
Whenever share markets go through a 10% fall - known as a share market correction - most investors tend to worry something really big is going on in the world and their investments will never recover. Unfortunately, sometimes they panic and hit the sell button, thus locking in those negative returns. There is no doubt a decline in portfolio value has a far bigger impact on an investor's emotions (about twice the impact) than gains in the portfolio.
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Aug 29, 2024 | 
moneymag.com.au | Tom Watson |Paul Clitheroe |Jonathan Philpot
With the winter weather starting to retreat and blossoms beginning to bloom, spring is clearly upon us which - for many Australians - means that it's time to clean house. Sure, that might mean breaking out the vacuum and mop to physically clear away the dregs of winter, but it's also an opportune time to declutter, consolidate and freshen up your finances.
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Aug 25, 2024 | 
moneymag.com.au | Engel Schmidl |Tom Watson |Glen James |Jonathan Philpot
Founded as the Independent Order of Odd Fellows, the IOOF friendly society provided Australians with social and financial services governments did not offer. Funeral funds, medical insurance, and sickness and injury allowances from IOOF ensured working families were able to withstand life's misfortunes. This is the story of how the IOOF grew into a financial powerhouse.
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Aug 25, 2024 | 
moneymag.com.au | John Addis |Tom Watson |Glen James |Jonathan Philpot
The path to investing success is one of repetitive failure. The learning is in the failing. John Addis is a brilliant writer, thinker, investor and entrepreneur. For three decades he has been researching, writing about and investing in stocks in Australia and overseas. Over the years, he has made millions of dollars in his funds management business. He also estimates that he has lost $1 million along the way through mistakes he has made.
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Aug 21, 2024 | 
moneymag.com.au | Paul Clitheroe |Jonathan Philpot
Dear Paul,I am a 50-year-old single parent of a child in primary school. I work full-time and earn $97,000 a year. My super balance is about $217,000. I receive very little child support, perhaps $1000 a year. I have just bought an apartment with a mortgage of $139,000 and I have $130,000 in an offset account. I need to buy a new, inexpensive car at some point and also maintain an emergency fund.
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Aug 19, 2024 | 
moneymag.com.au | Jonathan Philpot |Nicola Field |Tom Watson
At the end of each financial year, the top-performing super funds over the past 12 months are put in the spotlight, leading many people to question whether they should be rolling over into this 'top performing' fund. I have noticed that monthly performance figures are now starting to pop up. However, I am not sure what to take out of a monthly report, and a 12 month performance number also should not be the period to judge performance of super.
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Nov 21, 2023 | 
moneymag.com.au | Tom Watson |Dale Gillham |Jonathan Philpot
TheAustralianpropertymarketcouldbeinforamixedyearin2024,withnewresearchanticipatingmoderatepricefallsinsomeofthecountry'slargestcities. Averagenationaldwellingpricesarepredictedtoshiftinthe-1%to3%rangenextyearaccordingtothebaseforecastoutlinedinSQMResearch's2024HousingBoomandBustReport.
