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David Bassanese
Expert
+ About David Bassanese

David Bassanese is one of Australia’s leading economic and financial market analysts, who has authored several investment books and works in a number of advisory roles.

David is Chief Economist at BetaShares, which involves providing economic and investment portfolio advice to both retail and institutional investors. David is also an economic advisor to the National Institute for Economic and Industry Research.

Prior to these roles, David was Economics Commentator with The Australian Financial Review, where is regular “Bassanese” column appeared three times per week, as well as monthly in Smart Investor Magazine.

David’s analysis and commentaries cover local and international economic trends, interest rates, the exchange rate, and share market analysis.

Prior to becoming a Fairfax business columnist in 2003, David spent several years in financial markets as a senior economist and interest rate strategist at Bankers Trust and Macquarie Bank. David started his career at the Federal Treasury in Canberra, after which he spent several years as a research economist at the Organisation for Economic Cooperation and Development in Paris, France.

David has authored two e-books: The Australian ETF Guide: cheap and easy investment strategies using exchange traded funds (ETFs), and The Australian Investor’s Guide to Asset Allocation.

David has a first class honours degree in Economics from the University of Adelaide, and a Master in Public Policy from the J.F Kennedy School of Government at Harvard University.

Long-term bear on Europe and Japan

Wednesday, August 27, 2014

by David Bassanese Global stock markets these days are looking for any excuse to rally. But some excuses are better than others.   The steady progress in the United States economy is a justifiable cause for celebration. So too is China’s still encouraging efforts to re-balance its economy, albeit to the detriment of local miners. There are also welcome signs of a revival in Australian business and consumer confidence, helped by the housing sector recovery. But some excuses just don’t hold water – in particular, investor hopes that central banks of Europe and Japan will do what it takes to revive their own moribund economies. As Australia’s Reserve Bank Governor Glenn Stevens has made plain in recent weeks, central banks can only do so much. Central banks can...read the full article ›
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Peter Switzer
+ About Peter Switzer

Peter Switzer is one of Australia’s leading business and financial commentators, launching his own business 20 years ago. The Switzer Group has since grown into three successful companies spanning media and publishing, financial services and business coaching.

Peter is an award-winning broadcaster, twice runner-up for the Best Current Affairs Commentator award for radio, behind broadcaster Alan Jones. A former lecturer in economics at the University of NSW, Peter is currently:

  • weekly columnist for Yahoo!7 Finance
  • a regular contributor to The Australian newspaper and ABC radio
  • host of his own TV show, Switzer and Grow Your Business, on SKY News Business
  • regular host of the Super Show on 2GB radio.

Testimonials

Dear Peter, What fun! You are really very good at what you do. I appreciated our time together and wish you continued success in all you do. Have fun (I know you will).

Jack Welch, former CEO, GE, and ‘Manager of the Century’ (Fortune magazine)

Peter, It was great to have worked with you – you really made the event come alive. I hope you enjoyed yourself. I know Steve Ballmer [CEO, Microsoft Corporation] did.

John Galligan, Director of Corporate Affairs & Citizenship, Microsoft Australia

Here’s a home truth, my only real education – or teacher who I actually ever listen to – is your interviews on Qantas. So thank you with sincere respect.

Sean Ashby, Co-Founder, AussieBum

Peter did a wonderful job on the night; keeping the program moving, working around changes to the run sheet, and ensuring each award recipient, and our sponsors, were made to feel welcome and important. The feedback received from those attending has all been extremely positive.

Peter Mace, General Manager NSW, Australian Institute of Export

Peter, We would like to congratulate you for performing your master of ceremonies role in such a professional, entertaining and informative manner. We were impressed by your ability to tease out each winner’s story so that the audience gained maximum benefit from their collective business experiences.

Greg Evans and Nicolle Flint, Directors, Australian Chamber of Commerce and Industry

Hi Peter, I listened to you speak this morning and thought you were amazing. I am an accountant and in risk management and have never thought about doing a SWOT on myself – thanks for the tip!

Serife Ibrahim, Stockland Corporation Ltd

Dear Peter, Thank you for your valuable contribution to this year’s forum. Ninety-two per cent of delegates rated your presentation highly, commenting on its useful and topical content.

Catherine Batch, Head of Marketing and Communications, Indue

Peter has facilitated our CEO and CFO symposiums over the last three years. A true professional, he takes away the stresses of hosting and organising an event.

Justine Goss, Strategy Group

Not even this market could ignore “Russia invades” headlines

Friday, August 29, 2014

by Peter Switzer Not even this very optimistic, programmed for positivity stock market on Wall Street, which leads the world, generally, can withstand the uncertainty of headlines coming out of the likes of BBC News and others, which virtually screamed, “Russia Invades Ukraine.” Of course, there is no declaration of war, but about 1,000 Russian troops, or as the Russians call them, “Russian sympathizers or volunteers”, have joined Ukraine separatists.  Sadly the market should be up as the US economic story continues to strengthen with the revision on the second quarter economic growth number going from four per cent to 4.2 per cent. Meanwhile, the latest take on pending home sales was up 3.3 per cent. The experts were tipping a number of 0.5 per cent...read the full article ›
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John McGrath
Property Expert
+ About John McGrath

John McGrath is considered one of the most influential figures in the Australian property industry. As Chief Executive of McGrath Estate Agents, he took the company from a start-up in 1988 to one of Australia's most successful residential real estate groups, selling $5.7 billion in residential property in Sydney in FY11.

A total solution company, McGrath Estate Agents currently has offices located throughout Sydney, the Central and North Coasts, Southern Highlands, the Blue Mountains, Wollongong, Gungahlin (ACT) and the Gold Coast (QLD), as part of its growing franchise network.

In October 2008, he was honoured by the Real Estate Institute of NSW with the Woodrow Weight OBE Award, a lifetime achievement award for his outstanding contribution to the real estate industry.

John himself has become a spokesperson for the industry both in Australia and internationally. John has five books that have reached bestseller status including “You Don’t Have To Be Born Brilliant” and “You Inc.”. In “The Ultimate Guide to Real Estate”, John shares with the reader his invaluable knowledge on the Australian property market.

www.johnmcgrathblog.com.au

Fixed loans fall just in time for Spring

Tuesday, August 26, 2014

by John McGrath What fantastic timing. Many banks have just reduced their fixed rates because funding has become cheaper and they want to attract as much new business as possible, particularly as Australia’s two biggest property markets continue to boom and sales increase in other markets like Brisbane. When sales volume rises, obviously so does demand for new home loans and the banks want as big a piece of the pie as possible, which means fierce competition and great deals for the consumer. The big four banks are now offering three-year fixed deals of 4.94% and five year rates of 4.99%. That is incredibly low and represents an amazing opportunity for today’s buyers. Of course, variable rates offer far more flexibility and you need to take this into account when considering...read the full article ›
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Janine Perrett
+ About Janine Perrett

Janine Perrett has a distinguished 30 year career in Australian broadcasting and newspapers. In the 1980’s she worked in London and New York as a foreign correspondent for The Australian newspaper.

In the 1990’s she worked as a television reporter for the Nine Network on the Sunday and Business Sunday programs. She also founded The Small Business Show and was presenter of that program for its nine year run.

Since then she has worked as a guest presenter on ABC radio and a columnist for News Ltd and the Sydney Morning Herald.

In 2007 she was awarded the prestigious Knight fellowship at Stanford University for a year.

Today she can be seen on Sky News television where she hosts The Perrett Report each night and is a regular panelist and guest presenter on Paul Murray Live and other Sky programs.

Qantas hits severe turbulence

Friday, August 29, 2014

I'd love to do an "I told you so" on the Qantas annual results. A record loss from presumably the worst ever CEO, Alan Joyce. But even I have to be a bit fair and point out that the bulk of that $2.8 billion shocker was from write-downs, something better CEOs than him have been wont to do. Even in our own industry of media. Still, to claim the $646 million underlying loss is somehow acceptable is more than a bit much. Sure, Mr Joyce is loudly proclaiming the worst is over and it's all blue sky from here on. But to quote a famous call girl – "he would say that wouldn't he?" We've heard plenty of bulldust from Mr Joyce before so pardon me if I hold judgment on believing anything he says anymore. The next results might prove him right and then the financial world and right-wing...read the full article ›
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Michael Witts
+ About Michael Witts

 

RBA holds cash rate at 2.5%

Tuesday, August 05, 2014

by Michael Witts What were the reasons behind today's rate decision? Is there any indication the RBA will increase or cut the cash rate in the future? The RBA left the cash rate unchanged at 2.50 per cent, meaning the cash rate has been unchanged for the past 12 months. The comments from the RBA Board following the meeting were almost unchanged from the previous month. This is largely because the broad picture of the economy, interest and exchange rates are unchanged from the previous month. What is the RBA's view on the Australian economy and the global economy? The RBA sees the Australian economy as continuing in the transition phase from the resources investment boom to more sustainable broad based growth. The Bank noted that there are tentative signs that business investment...read the full article ›
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Craig James
Economy Expert
+ About Craig James

Craig James is CommSec’s Chief Economist.

He became chief economist of Colonial Group in September 1987, before becoming chief economist at CommSec in August 2000 with the Commonwealth takeover of Colonial.

CommSec economic reports are a bit different in that they devise tools such as the ‘Mums and Dads’ share index and the iPod index, and undertake research on the weather and demographic changes to show how they affect the economy.

Craig currently does around 2-3 regular TV crosses a day, ad hoc radio and newspaper interviews and writes regular commentaries as well as presenting to staff, clients and external organisations.

Record building investment

Friday, August 29, 2014

Business investment; new home sales Stronger investment: New business spending on buildings or equipment rose by 1.1 per cent in the June quarter to be down 4.0 per cent over the year. Business investment in buildings & structures hit a record $103.1 billion in 2013/14. Investment in South Australia hit record highs in the June quarter. Investment plans improve: Expected business investment in 2014/15 is $145.2 billion, down 10.2 per cent on a year ago. But the 5.1 per cent upgrade in investment plans in the June quarter, on top of the 10.1 per cent upgrade in the March quarter, were the best back-to-back upgrades for an equivalent period in four years. New home sales rise: New home sales slumped by 5.7 per cent in July with detached houses down by 4.7 per cent and multi-unit sales...read the full article ›
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Olivia Long
+ About Olivia Long

Olivia Long is a Founder and Executive Director of Xpress Super. She is currently the Chief Executive Officer for SuperGuardian Pty Ltd, Xpress Super and PortfolioGuardian. She has had more than 16 years of experience in the Financial Services Industry predominantly in management roles and joined SuperGuardian in 2004. She studied a Bachelor of Communication (Marketing) and various courses with the Financial Services Institute of Australia. She is an active member of SPAA - The SMSF Professionals' Association Australia, a member of the Australian Institute of Company Directors and has over 9 years experience in self-managed superannuation.

Property spruikers cast a long shadow over the industry

Friday, August 15, 2014

by Olivia Long Those of us in the SMSF sector – and thankfully it’s the vast majority – who hoped that the property spruikers would have been driven out of the industry by now have been sorely disappointed. When the spruikers first realised that the combination of leverage and SMSFs were an ideal vehicle for pushing residential sales in a bullish property market, irrespective of the merits of the asset or how it fitted into a trustee’s portfolio, the anticipation was that the regulators would step in and end this questionable behaviour. I am the first to admit the regulators have issued warning after warning about the practice, and the media has given it wide coverage, but it has had little or no effect; there still seems to be more spruikers than you find at a...read the full article ›
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Ross Walker
+ About Ross Walker

How common is chronic disease?

Monday, July 28, 2014

by Ross Walker A recent report from the Centre for Disease Control in the United States published in the Lancet has suggested that one in two US adults suffer some form of chronic disease. And, surprise, surprise, the report goes on to suggest that the bulk of these conditions could be prevented by the affected individual taking more responsibility for their health by better control of the following factors - stopping cigarettes, eating better, increase in exercise, reducing alcohol consumption and attending their doctors for better control of blood pressure and cholesterol.  I saw a patient the other day who spends a considerable amount of time and money purchasing a variety of books on health and also spending hundreds of dollars per month on vitamin supplements.  He...read the full article ›
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David Bates
+ About David Bates

David is the Managing Director of Workforce Guardian where he provides a wide range of strategic, practical and plain-English advice to Australian business owners and operators. He is deeply committed to assisting employers and is a passionate advocate of competition and free-enterprise.

David gained his BA (Government) from the University of Queensland in 1998 before going on to complete a Law degree, with Honours, in 2001. He began his career working for a large, blue-collar union before moving to Canada and then the United Kingdom where he was employed by both the Commission for Racial Equality and the UK Equality and Human Rights Commission.

David routinely represents employers in Fair Work-related proceedings and can assist with every aspect of employment relations compliance. David is also an accomplished and highly sought-after public speaker who facilitates dynamic, informative and highly interactive workshops on all aspects of industrial relations best-practice.

He is proud to lead a highly-qualified team of ER, HR and Technical professionals at Australia’s leading, online employment relations service.

What the unions did say!

Thursday, August 21, 2014

Last week, in advance of my debate with Ged Kearney, President of the Australian Council of Trade Unions (ACTU), at the Council of Small Business of Australia (COSBOA) National Small Business Summit, my blog listed all the things I guessed Ms Kearney wouldn’t say. I listed things like: Admitting the current Royal Commission into trade union corruption is both timely and necessarily Confirming the Fair Work Commission is not fit for purpose, and Acknowledging our employment relations laws are hopelessly complex. Well, I am pleased to say I was 100% right! Ms Kearney didn’t say any of the above. But it’s what she did say that should send a shiver up the spine of every hard-working small business employer: When told of the concerns many employers have about the risks and...read the full article ›
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Colin Jowell
+ About Colin Jowell

Colin began his career as a business analyst for McKinsey Inc.

Since then, he has been in leading marketing roles in both digital media and hospitality, but has spent most of his career working for M&C Saatchi. He helped them start up their first South African and Malaysian offices before moving to Australia where he became Head of Strategy.

In April, he founded UDKU with two partners. UDKU helps clients solve business problems reach their full potential using a combination of strategy, innovation and communication.

Structure your army to win

Monday, August 25, 2014

I’ve written about Malcolm Gladwell before. I’m a fan because the trends and patterns he identifies always make intuitive sense – even before they make practical sense. When he wrote The Tipping Point, he talked about Mavens (the people who know a lot about a topic) and Connectors (the people who know a lot of people) as the way in which ideas spread. It was a lovely intuitive idea. And it really took off when social media was ‘invented’, but this came much later. I’ve also written about his book Blink, which was extremely prescient in a marketing world I called ‘Surviving the swipe’. So when he chose his next topic David & Goliath, I was interested. It’s a book that pays respect to being small, nimble and why apparent...read the full article ›
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Joanne Masters
+ About Joanne Masters

Jo Masters has 14 years of investment banking experience in Australia, with a focus on economic research and currency strategy.

Having completed a Master of Economics, Jo began her career at Macquarie Bank, initially in the Economics Team providing economic and financial market analysis and advice to clients and traders. She covered the major economies, Australia and New Zealand, as well as being integrally involved in setting up the Asian research base.

In 1999, Jo was asked to join the Foreign Exchange Division in the newly created role of Currency Strategist where she focused on G7 and commodity currencies providing written and verbal advice. In 2001 she joined the Corporate Sales Team specialising in wholesale institutional trading with clients including AMP, State Street, ING and the Reserve Bank of Australia. Jo regularly appeared as an expert commentator on CNBC, Bloomberg, Sky and various newswires.

Jo is currently working as a freelance financial writer, with a keen interest in currency markets.

Why isn’t the A$ falling?

Monday, July 28, 2014

by Joanne Masters There is an almost universal expectation that the A$ should be weakening, with many forecasters looking for the local unit to slip below 0.90 against the US$. A lower A$ seems likely given a modest global outlook, moderating commodity prices and a strengthening US$. Despite this backdrop, in the last month the A$ briefly pushed above 0.95, before settling in a tight 0.9350-0.9450 range. And just as the A$ hasn’t weakened as expected, neither has the US$ strengthened as expected (partly reflecting the reluctance of US bond yields to rise).  While this may be annoying for economists and traders, it has been frustrating for policymakers; who have been hoping for a weaker A$ to offset some of the fiscal tightening put in place by the Federal Budget and to...read the full article ›
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Raymond Chan
+ About Raymond Chan

Raymond joined Morgans Financial Limited (formerly RBS Morgans) in 2003 and established the Asian Desk in 2005. As the #1 revenue adviser in Sydney office, Raymond accepted the challenge to set up the Macquarie Street office in 2011, providing strategic advice and managing portfolio for high net worth individuals and institutions.  Prior  to the current position, he worked with Merrill Lynch and HSBC Securities.

Raymond is often invited to provide commentary for Australian leading media such as Sky News Business Channel, Australian Financial Review, SBS TV, SBS Radio, Sydney Morning Herald, The Age, Sunday Telegraph, Herald Sun, The Australian, TVB Jade, 2CR Radio Network and CRI Beijing

Raymond’s successes include:

* Advisory role to a Sovereign Fund, based in Southern China

* A$140 million share portfolio for a Singapore family

* A$100 million asset allocation Advice for Australian shares and properties for a major property developer in Hong Kong

* Share Portfolio Management to a resort island owner in Malaysia and Hordern Properties Group in Sydney.

Mr Chan is a JP, qualified Certified Practising Accountant (CPA) and Certified Financial Planner (CFP), CPA Financial Planning Specialist (FPS). Mr. Chan holds a master degree in commerce (funds management) with distinction average and bachelor degree in accounting and finance from the University of New South Wales.

Our thoughts on Healthscope

Friday, July 25, 2014

by Raymond Chan Healthscope is the largest IPO in 2014 with proposed market capitalisation of $3.3 - $3.8 billion. CIMB is a Joint Lead Manager and Morgans is a Co Lead Manager to the Float. Click here for larger version of the table. Our Site Visit and Feedback Our adviser Anthony Hung has personally met the management team during a recent site visit to one of its operations (Knox Private Hospital in Melbourne) and a recent management presentation and was impressed by the sensible management team which has delivered both growth and margins expansion. It is undeniable that population is both growing and greying and putting pressure on the health system. Anthony suggested: “There is no denying the macro fundamentals surrounding the healthcare space and the increase demand for...read the full article ›
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Simon Bond
Shares Expert
+ About Simon Bond

 

Simon is 48 years of age and has been in the Investment world almost all his life.

Simon is a Partner at the Newport Office of Morgans Australia, after having spent almost 2 decades learning his trade in the heart of Stockbroking in Collins Street Melbourne at various firms.

Simon is fanatical about the way that technology and the Internet is altering the Investment landscape around the globe and focuses much of his outlook on how these profound changes will affect the outcomes and futures of investors everywhere.

Picture this

Thursday, August 28, 2014

by Simon Bond A picture tells a thousand words, in this case maybe trillions of words depending on Europe.Below are 2 charts, the first is a global comparable of 10 year Bond rates. As you can clearly see rates in the Euro area remain at record lows. The far right side displays the change in percentage terms. The reasons speak for themselves. The chart below is the most recent "youth unemployment" rate. The criteria is for those aged 15 to 24. Something to think about over your Latte this morning.  read the full article ›
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Shane Oliver
Financial Markets
+ About Shane Oliver

Shane Oliver is head of investment strategy at chief economist at AMP Capital.

The latest Ebola outbreak – implications for investors

Tuesday, August 19, 2014

by Shane Oliver The worst Ebola outbreak to date in Africa and fears it will spread is leading to some concerns of a global pandemic.  So far there has been little impact on global share markets but if the number of cases continues to rise with more signs of transmission to western countries then nervousness could increase.  While there is reason for concern, the experience with SARS, bird flu and swine flu highlight that worst case pandemic fears don’t usually come to pass. The key for investors is to be alert, but not alarmed.  Introduction The last few weeks have seen a range of factors causing volatility in investment markets including concerns that the Fed might start to raise interest rates earlier than expected, worries about the lack of strength in Europe,...read the full article ›
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Jason Huljich
+ About Jason Huljich

Mr. Jason C. Huljich, B.Comm serves as the Chief Executive Officer of Direct Property Funds at Centuria Capital Limited. Mr. Huljich has been the Chief Executive Officer of Direct Property Funds at Centuria Property Funds Limited since 2006. He is also the Head of Property at OFM Investment Group. Mr. Huljich has been involved in investment property syndication in Australia since 1996. Mr. Huljich has been an Executive Director of Centuria Capital Limited. since November 2007. He holds a Bachelor of Commerce from the University of Auckland.

End of financial year. Time to change everything. Or is it?

Monday, July 21, 2014

Are you sick of hearing about the end of the financial year and all the things you should be doing to re-assess your financial position? You’re not the only one. It’s true that ensuring your portfolio adequately reflects your investment objectives and time horizon is crucial for long-term success, but there’s no reason that the end of the financial year is the only time this can be done. In fact, quite the reverse. The fundamentals of good investment are just that, fundamentals. They shouldn’t change just because it’s the end of the financial year, they should be your focus all the time.Today I'll give my take on what makes a fundamentally good property investment, and where investors should be looking for returns from property now, and as we move towards...read the full article ›
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Malcolm Mackerras
Political Expert
+ About Malcolm Mackerras

Why commentary on the re-election has been unsatisfactory

Tuesday, May 06, 2014

by Malcolm MackerrasAs I have indicated in past articles for this website, when it comes to commenting on election results I prefer to know those results before commenting. The general election which took place on Saturday 7 September 2013 was completed on Tuesday 29 April 2014 when the counts were finalised for the re-election of six senators for Western Australia on Saturday 5 April. So now let me revise my history. My article on this website dated 9 October 2013 was headed “Senate election – drubbing for Labor and Greens; no good for Abbott”. I now say it was a drubbing for Labor and no good for Abbott but it was not a drubbing for the Greens who succeeded in getting all their incumbents re-elected as well as gaining a Senate seat from Labor in...read the full article ›
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Stephen Small
+ About Stephen Small

Stephen Small is the ETF Capabilities Manager for Australia. He is responsible for the ongoing management of our ETF platform and the creation and quotation of new products. Stephen also assists in the distribution of existing products as the ETF subject matter expert.

Prior to joining UBS, Stephen spent 7 years working for the Australian Stock Exchange spending time on both the compliance and business development sides of business. His final role was Manager of the AQUA & Warrants Business being responsible for ETFs, Managed Funds and Structured Products.

The ETF revolution – turning simple into smart

Wednesday, April 23, 2014

by Stephen SmallOnly a short time ago, if you were looking to invest in a diversified managed fund, you would call your financial adviser, invest via a platform, or go through the arduous task of completing application forms and posting cheques in the mail.  Like every other facet of our lives, innovation and technology are making laborious tasks like this as simple as one click of a button.  Let me introduce the Exchange Traded Fund. Designed to simplify investing, Exchange Traded Funds, have revolutionised the traditional managed fund structure, otherwise known as a managed investment scheme, by listing the fund on an exchange. In effect it makes accessing managed funds as easy as buying a single share on the stock exchange.   If we delve a little deeper, ETFs most...read the full article ›
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Sinclair Taylor
+ About Sinclair Taylor

 

SMSF: Beauty of buying what you already own

Thursday, November 14, 2013

by Sinclair TaylorIf you’re a business owner with an SMSF, you may have heard of the idea of your fund borrowing money to buy the commercial property you already own. It’s not as crazy as it sounds, and it’s legal! Despite much of the recent media focus being on SMSF’s investing in residential property, the actual fact is that the dollar value of SMSF investments into commercial property is three times higher. This huge disparity is largely driven by superannuation rules that permit related party transactions to occur with ‘business real property’, more so than investor belief that commercial property is a better longer term investment than residential property.  Still reading? Good, because having your SMSF purchase a commercial property that...read the full article ›
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Jim Vrondas
+ About Jim Vrondas

After completing a Bachelor of Science in Applied Mathematics and Statistics from the University of NSW in 1994 Jim began his financial markets career as an FX Trader in the Foreign Exchange department of the Bankers Trust Australia investment bank. His in depth understanding of FX markets and its drivers, coupled with subsequent experience as an educator, have made him a highly sought after commentator for businesses and individuals interested in currency markets.

With around 20 years’ experience in financial markets he is currently employed with OzForex as Chief Currency & Payment Strategist for the Asia Pacific region and is a highly sought after commentator on currency related issues. He regularly appears on Sky Business and ABC television and on an ad hoc basis on CNBC, Bloomberg and Reuters in addition to radio, leading newspapers and magazines across Asia Pacific.

Having held several key positions within the OzForex group since 2004 Jim has helped thousands of businesses and individuals seeking to manage all aspects of their foreign currency needs. He is passionate about ensuring all people, no matter what their level of experience, have access to unbiased information they can understand.

The Aussie dollar turns back to commodities

Wednesday, June 18, 2014

by Jim VrondasIt is well known that our economy is heavily dependent on commodity exports. Around 60% of our total exports - Metals (28%), Coal (18%), Oil & Gas (9%) and Agriculture (5%) are for commodities. In April the total Australian dollar value of our exports ($28.5 billion) almost matched imports ($28.6 billion) with the shortfall, just over $100 million, coming because imports exceeded exports - this is the first trade deficit since October last year.It is no surprise that the majority of our exports still go to China. In fact exports to China reached a new record high, up 5% on the previous month to be 25% higher than a year ago with iron ore increasing 29% over the same period. In this context the fact imports were able to outpace exports is remarkable and true testament...read the full article ›
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