Private sales soar as property bargain hunters pounce

Private sales soar as property bargain hunters pounce

"Compared to the last market, vendors have told us to leave their unsold properties on the market [over the holidays]. "There may be difficulties in getting credit but at the point of sale, there's quite a reasonable appetite ... there's still cash in the market." The overhang of unsold properties stemmed from buyers' unwillingness to…
Liberals push Senator Jane Hume to replace Kelly O’Dwyer in Higgins

Liberals push Senator Jane Hume to replace Kelly O’Dwyer in Higgins

The former NAB private banker, Deutsche Bank vice-president and Rothschild Australia senior manager was elected in 2016 and lives in Malvern, in the heart of the electorate. Liberal sources said on Sunday that defeated state MP John Pesutto wanted to run in the seat but felt he couldn't put himself forward because of the push…
A guide to giving: easy steps to philanthropy

A guide to giving: easy steps to philanthropy

To help decide which structure is most suitable, an important first question is whether to establish a charitable fund while alive or after death. If the former, the next questions to consider are how much you can initially donate to establish the fund and how involved you want to be in the fund's investment and…
What the experts expect from February reporting season

What the experts expect from February reporting season

Not everyone shares Sherwood's outlook, however, with other professional investors tipping earnings to push the market into a sustained rally as stocks beat the expectations implied by their low valuations. "There's been a lot of hot money on macro factors but a lot of these companies don't really change too much," says Atlas Funds Management…
Brexit: Big four banks, Brambles, Toll, Lendlease buckle up for a rough landing

Brexit: Big four banks, Brambles, Toll, Lendlease buckle up for a rough landing

AFR Weekend has been speaking to a cross-section of the Australian business community in Britain, and – to our surprise – found a significant amount of old-fashioned Aussie optimism. Companies are quietly making what sound like pretty rigorous preparations, while the senior sages of the expat business network are confident the storm – if there…
Kelly O’Dwyer quits politics in shock for government

Kelly O’Dwyer quits politics in shock for government

Also, she wanted to try for a third child and at 41, needs the best opportunity for IVF to succeed. "I no longer want to consistently miss out on seeing my children when they wake up in the morning or go to bed at night and I want to know that when I am around,…
Senior Liberal Kelly O’Dwyer expected to quit

Senior Liberal Kelly O’Dwyer expected to quit

Melbourne | Australia's Industrial Relations Minister Kelly O'Dwyer is expected to quit politics. The member for the Victorian seat of Higgins will appear at a press conference alongside Prime Minister Scott Morrison on Saturday. The 41-year-old was first elected to the seat in a by-election to replace former treasurer Peter Costello in 2009. The 41-year-old…
How Hamish Douglass’s Magellan beat the market in 2018

How Hamish Douglass’s Magellan beat the market in 2018

The worst December on Wall Street since 1931 had slashed the index return to 1.4 per cent expressed in Australian dollars. Without being able to go short, Magellan's downside protection strategy kicked in and did exactly what it was supposed to. Here's how they did it. Increased defensiveness Douglass was worried that the US Federal…
How the FAANGs have influenced Australia’s property landscape

How the FAANGs have influenced Australia’s property landscape

Within a year of arriving, Amazon had already made its mark with two huge warehouses and a 20,000sq m office in Sydney. Now the company is set to announce a deal that will shake up Australia's commercial property landscape further. The e-commerce giant is expected to move to new headquarters, at 2 Market Street in…
ATO worried about $12b in SMSF loans

ATO worried about $12b in SMSF loans

That is, approval of the loan had been contingent on non-super assets being put up as a guarantee. "We are concerned that despite the intention of LRBAs to limit recourse by lenders to the asset subject to the loan, 30 per cent of borrowers in 2017 still provided a personal guarantee or other security to…

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