Market Watch

We believe the first and essential takeaway from this budget for share markets is that nothing much has changed. This is a pro-growth, pro-equities budget that will be strongly supportive of cyclical earnings and dividend growth. Riding on the back of revenue from surging resource exports at a time of record iron ore prices, we...Read More

This year’s Federal Budget didn’t disappoint as the announcements will allow greater flexibility in making superannuation contributions; relaxing some requirements impacting self-managed superannuation funds (SMSFs); and freeing up other super concessions. These announcements are all useful and practical changes and are anticipated to commence from 1 July 2022. Let’s have a look at the announcements...Read More

Australia has traditionally relied on strong population growth to underpin growth in real estate markets. Due to the COVID-19 pandemic which struck the world in early 2020, border closures have thrown the brakes on immigration, and according to the budget papers, Australia has gone from an annual population growth of 1.5 per cent over many...Read More

The 2021 Federal Budget harks back to the immediate post GFC budgets in some ways, with the Treasurer resisting any temptation to start early on the task of budget repair and doubling down on stimulus. The government has announced $96 billion of extra spending over the next four years, but the run of deficits will...Read More

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The global economy is continuing to...Read More

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The rollout of vaccines is supporting...Read More

Is it a tantrum, a crash or simply a sell-off? No matter what you call it, the sharp rise in bond yields that we have witnessed so far this year has been a cause for concern for all types of investors, whether they own bonds for income, capital stability or defensiveness. To add to the...Read More

Sector outlooks shed light on real estate’s next opportunities for 2021 The investment hypothesis for Australia’s real estate sector unmasks how significantly COVID-19 and the associated lockdowns reshaped how we live, work and shop in the space of just one year. As vaccines are rolled out across the country, Australia has adjusted to a new...Read More

February’s reporting season set a strong benchmark for Australian equities for the rest of 2021, with conditions arguably more conducive to earnings growth now than they have been for many years. We think those gains will fall unevenly, however, and there are a number of unfolding dynamics that will shape the destiny of small-cap stocks...Read More

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The outlook for the global economy...Read More