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
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.
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.
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;
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:
Listen to Melbourne Top 10 Financial Planner Corey Wastle from Verse Wealth discuss the upcoming superannuation changes.
CFP®, CERTIFIED FINANCIAL PLANNER® and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Association of Australia Limited is the marks licensing authority for the CFP Marks in Australia, through agreement with FPSB.
Disclaimer: The information contained in this website is for general information purposes only. Top 10 Financial Planner accepts no responsibility with regard to any problems or financial advice as a result of using this website or any linked external websites. All care has been taken in the compilation of listings. However we cannot guarantee the quality of any financial advice given by organisations or individuals listed on the website. We have not reviewed every financial planner in each capital city for listing and ranking purposes on the website. The minimum selection criteria for financial planners to list on the web site is CFP® status and 5 years experience in the industry. Other qualifications that can impact rankings are listed on our home page. Investors should conduct their own due diligence before proceeding to appoint a financial planner.
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