THE ADVISER MONTHLY
VOLUME II. ISSUE 9. SEPTEMBER 2022.
Spring Season, Property Market, Inflation, and AU Wages
The spring season is now underway in Australia! temperatures start to warm up, many Australians take advantage of the beautiful outdoors by going on hikes, camping trips, or spending time at the beach.
This season is often seen as a time of growth and new beginnings. For Australians, this rings especially true as the country emerges from a period of economic uncertainty. Despite challenges posed by global headwinds, there are many reasons to be optimistic about the future of Australia’s economy.
This month we take a look at the latest news in the property market and how it is being affected by inflation.
In recent months, much speculation has been about whether Australia is headed for a housing bubble.
While there is no definitive answer to this question, what is clear is that rising inflation rates are putting pressure on both renters and homeowners alike. As prices increase, people are finding it harder to afford their monthly expenses – including mortgage repayments or rent payments.
If you’re feeling overwhelmed by all the news headlines about the property market, don’t worry, we’re committed to keeping you up-to-date with the latest industry trends. In this Month’s newsletter, we explore renovation home loans, ASX falls due to inflation, Australian wages, and tips on maximizing your income during retirement.
Finally, we give our insights into the latest market performance.
The team at Make Work Optional is dedicated to helping you make the most of this exciting time. Be sure to read our updates on the latest news and trends in Australian finance!
AU PROPERTY MARKET FALLING
With prices falling, this may be a good time to buy your first home. While you will carry with you the risk of losing money if housing markets fall again that has happened in recent years across much of Australia many homeowners might find themselves better off financially after taking advantage now than waiting until later when interest rates could rise even higher!
FINANCING HOME RENOVATIONS
The Australian love affair with home renovations is not confined to the interiors. A renovation loan could help you create your dream property and add value on top of that! In fact, there has been an increase in construction costs over recent months which makes it more difficult than ever before for homeowners. Read more on how you can finance your home renovation.
INCOME DURING RETIREMENT
Many Australian seniors want to earn more money in retirement. But where might that income come from? Retirement is a time for us older folk, who have worked hard over our lifetime and earned the right to enjoy what we’ve saved during our working years without any pressure or expectation on how it should be spent. Here are 7 ways how to earn an income during retirement.
OVERVIEW OF AUSTRALIAN WAGES
The Coalition and Labor parties have each produced election policies designed to help low and middle-income earners buy homes. Who is likely to benefit from them and who is likely to suffer is far from obvious. But broadly speaking, both parties’ schemes will hurt buyers and renters. Here’s why.
ATO WARNS LATE LODGING OF RETURNS
An update from the Australian Tax Office (ATO) has put late lodging professionals on notice, warning them that it issued final warning letters to SMSF Trustees in April and June this year. They had not lodged their annual returns. The letter provided a stark reminder of one crucial obligation-to keeps accurate records for financial monitoring purposes!
COST OF LIVING CRISIS: LIVING ABROAD
What better way than with some awesome things to do in Australia’s Spring? For those who want an adventure, there are always hiking or camping trips where you can capture that perfect picture on your portfolio site showing how great it was while taking time out for yourself! Here are the other things you may want to consider during Spring Season.
Thought to live by.
Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.
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