More than 800,000 homes could end up being worth less than what they were bought for

More than 800,000 homes could end up being worth less than what they were...

Analysts say the vast number of households affected by the downturn would have a "hefty impact" on the largest sector of the economy – consumer spending. "That's nearly 1 million people, which would be almost 10 per cent of households – it's a significant number and that's not including Perth or Darwin where property prices…
Why women need equities more than men

Why women need equities more than men

"Not enough women are investing in the stock market," said Alva Devoy, managing director of Fidelity in Australia. "They are more risk-averse, prefer the perceived safety of cash and feel that the investment industry is not tailored for them. "Why does this matter? If women's ability to earn and therefore save during their working lives…
How I learnt to love running in my 50s

How I learnt to love running in my 50s

Online, I kept seeing articles about the benefits of exercise; if it were an over-the-counter drug, one doctor said, everyone would buy it. And then there was an app: Couch25K (that's "couch to 5K"), a program that led you from Square 1 to running five kilometres in just eight weeks, which two members of my extended…
Experts back RBA’s confidence in small ‘wealth effect’

Experts back RBA’s confidence in small ‘wealth effect’

"I would want to see a bit more of a drop in spending before [a rate cut], but consumption growth was up [in the December quarter]." Picking the right response The national accounts on Wednesday showed household final consumption expenditure increased 0.4 per cent in the final quarter, and year-on-year growth was at 2 per…
Kevin Charleston believes finding value has only got harder

Kevin Charleston believes finding value has only got harder

"What's happened with the rise of passives, with people feeling less positive about returns going forward, is the bar has been raised much higher on what constitutes a best-in-class capability and you're getting a real shaking out of strategies. "You're getting consolidation as well. What you need to do to be able to command sophisticated…
Brookfield unlikely to fight Aussie super funds for mega-deals

Brookfield unlikely to fight Aussie super funds for mega-deals

Mr Flatt said the deal was an example of the way funds management was becoming super-sized, both in the size of the deals and the size of the clients. “What’s happening in the investment world, but also in the alternatives world, is that institutions are getting bigger, and what that means is they need to…
Australian gunman an ‘extremist, right-wing, violent terrorist’: PM

Australian gunman an ‘extremist, right-wing, violent terrorist’: PM

Mr Morrison confirmed the terrorist behind the mass murder in at least one Christchurch mosque was an Australian-born citizen "and obviously that element of the investigation Australian authorities are involved in". He described the terrorist and his fellow travellers as harbouring "appalling, disgusting and abhorrent views which have nothing to do with our way of…
Companies prepare for an AI-powered future

Companies prepare for an AI-powered future

By moving aircraft into powerful jetstreams – fast-flowing air currents – Qantas expects the system will cut its annual fuel bill by $40 million and reduce carbon dioxide emissions by 50 million kilograms. It could also help it manage its ambitious Project Sunrise to fly customers directly to London in 20 hours. Company confusion While…
Costa Group chief Harry Debney sells shares

Costa Group chief Harry Debney sells shares

At least you can't accuse him of selling at the peak. The chief of avocado grower Costa Group sold 825,000 ordinary shares last week, to fund his purchase of some 619,944 options and pay off an income tax bill. According to Monday's notice, Harry Debney sold for an average of $5.28 a share (netting $4.4…
Sydney and Melbourne house price fall sharpest in five downturns since 1965

Sydney and Melbourne house price fall sharpest in five downturns since 1965

"In the context of previous market downturns, prices in the Sydney and Melbourne markets are likely to continue to decline in 2019, particularly given the constrained availability of credit and ongoing weakness in investor demand. "The resultant reduced turnover and declining prices may lead to a delay in the next round of development." Tougher times…

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