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Over 45% of Sydney and Melbourne properties have doubled in price over the last 10 years. To double over 10 years requires capital growth of approximately 7.20% pa. Rental income would be in addition to any capital growth.  Source - Corelogic
You can view the full National September 2017 Corelogic property report below. Corelogic National 2017 Property Report
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From 2008 Australian wages have increased on average by $1,404 pa. This is an increase of only $156 each year over a 9 year period, much less than the cost of living. Unemployment remains low but we have seen a shift from higher paid work to lower paid contributing to low wages growth. Wages as a % of Gross Domestic Product (GDP) has also decreased. High debt and stagnant income is likely to impact consumer spending. It also highlights the importance to see a qualified financial planner to make sure you are in a strong position and your cash flow is being used as efficiently as possible. Source: Bloomberg  Citigroup is planning to hire 100 private wealth advisers in Australia over the next 3 years. Citi will be targeting the 230,000 Australians with more than $1 million to invest. Australia's fund management industry is valued at $2.8 trillion with more than $600 billion in self managed superannuation funds. Link to full article: https://www.bloomberg.com  Financial Planning Week 2017 is taking place from 21-27 August. This year’s theme is Live the Dream. The aim is to engage and educate Australians to live their dream and #getaplan. An infogrpahic of what living the dream means to Australians is below; 
The full Live the Dream 2017 Research Report can be fund using the link below. http://www.moneyandlife.com.au/articles/research-report-test/ The full 2016 Russel Investments & ASX Long Term Investing report is below and always an interesting read; Over 10 years (2005 to 2015) the 3 best performing assets classes have been;
Over 10 years (2005 to 2015) the 3 worst performing assets classes have been;
Source http://www.asx.com.au/documents/research/russell-asx-long-term-investing-report-2016.pdf  A recent Australian study conducted by Hall & Partners Open Mind asked what are the most important factors when it comes to financial advice?
1. That the financial adviser is independent 61% 2. That the financial adviser has specialist knowledge (e.g tax) 56% 3. That the financial adviser has relevant accreditation 52% 4. The financial advisers track record 47% 5. The cost of the advice 43% 6. Recommendations for the financial adviser 28% 7. Other 4% As shown above the majority of respondents are looking for a knowledgeable independent adviser that can be trusted to give high quality recommendations. Make sure you look for these qualities when appointing a financial planner to look after your wealth. Visit choosing a financial planner for more information. Top 10 Financial Planner would like to congratulate the 2017 FPA Best Practice National Award Winners below;
The awards recognise excellence in financial planning by giving clients superior outcomes inline with the FPA Code of Professional Practice and Code of Ethics. FPA CERTIFIED FINANCIAL PLANNER®PROFESSIONAL OF THE YEAR Tony Sandercock CFP® – Wetalkmoney FPA FINANCIAL PLANNER AFP® OF THE YEAR Cody Harmon AFP® – Meridian Wealth Management, Melbourne FPA PARAPLANNER OF THE YEAR Cynthia Sercombe – Tupicoffs, Brisbane FPA UNIVERSITY STUDENT OF THE YEAR Bradley Aleckson, Bachelor of Commerce student – Griffith University, QLD FUTURE2 COMMUNITY SERVICE AWARD Kathy Havers CFP® – Catalyst Financial Group GWEN FLETCHER MEMORIAL AWARD Cameron Obliubek CFP® – Bridges Financial Services, Melbourne FPA PROFESSIONAL PRACTICE OF THE YEAR ipac Western Australia More information about the awards can be found on the Financial Planning Association Website. Looking for a Financial Planner but don’t live in a capital city?
You can visit the Financial Planning Association website to conduct a search using link below: http://www.fpa.asn.au/default.asp?action=article&ID=21995
Listen to Melbourne Top 10 Financial Planner Corey Wastle from Verse Wealth discuss the upcoming superannuation changes.
Super changes from Verse Wealth on Vimeo. |
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