The economy looks to shed its holiday inflation gain, all eyes turn to the job market, and the year of two halves has commenced. Fuelled up on record food prices and seasonal spending, inflation jumped 1.9% in December alone with annual headline CPI coming in at 7.8% for the year. The results have all but cemented a 0.25% increase in the cash rate in February as policy makers look to shake the economy’s holiday hangover.
One of the longest traded and much loved commodities gold has made a bullish start to 2023 with its value per ounce soaring towards record levels in early 2023. So, what’s driving up the price?
With the exciting move to a new central Brisbane office location last year came the opportunity to grow the VISIS team. Kat Nojin and Josh Burgess both joined my team as Associate Advisers in November 2022 and have quickly fit into the fold as we look to service a growing number of clients, particularly in New South Wales.
Investing in bonds – government or company debt – is considered a defensive investment asset, particularly in an unstable economic climate. However, many investors are unsure about bonds. This could be because they tend to produce lower yields than shares (particularly in low interest rate environments), or simply because many investors don’t know enough about this asset class.
Across the board, interest rates have continued to rise, some company quarterly earnings have plateaued or fallen, and tensions in Eastern Europe wage on. So why the late-year rally?
With more than half of marriages and de facto relationships ending these days, parents are reconsidering how they structure their wills with testamentary trusts to protect their assets and avoid their legacy ending up in the wrong hands.
St Vincent de Paul Society Queensland and Ronald McDonald House have jointly received $10,000 in donations from Hands for Humanity Foundation (H4H), a giving fund established by the founders of VISIS Private Wealth firm Wendy and Chris Smith.
National housing prices are expected to drop 20% overall from their peak, according to NAB’s latest quarterly survey, as reported by the AFR’s property editor Nick Lenaghan.
Markets had a positive shakeup after the RBA announced a relatively mild 25 base-point rise in interest rates in October – but inflation is still sitting too high and markets remain volatile as investors price in false inflation peaks.
Fresh off the back of the announcement to raise the royalties on mining companies in Queensland, in other words establishing their very own “mining super profits tax” the Labor Government has turned its sights on the rental income of Queenslanders by increasing land tax on property owners.
Advice you can trust, results you can enjoy.
