Financial News

Low interest rates and property prices are expected to drive investors back into the market over the coming 12 months. According to Charter Hall, improved equity inflows from retail investors will be relocated towards higher income yielding investments such as direct property. Charter Hall's head of retail investor Richard Stack said the falling cash rate, currently sitting at just 3 per cent, coupled with renewed investor confidence, has piqued many investors' interest in direct property which provides a starting yield…

According to HSBC’s Future of Retirement survey, Australians expect their savings to last just 11 out of 21 years in retirement. Contributing to the 10-year shortfall is inadequate planning, a preference for short-term saving, and an underestimation of the cost requirements in later life. The survey found that, despite the introduction of compulsory superannuation in 1992, the average Australian currently expects 30 per cent of their retirement income will come from the pension, 20 per cent from their super (personal…