Last week, I attended the funeral of a very long-standing male client that had suffered from dementia. Although he’d managed the finances on behalf of he and his wife, following his diagnoses, he made sure that she took an active role in all following meetings with us so that she understood their investments and how they funded their retirement living needs.
According to a major economic and construction forecasting agency, home prices across Australia will fall in real terms over the next three years. Years of property price rises has seen the median house price in Sydney and Melbourne increase to $1,055,000 and $765,000 respectively but BIS Shrapnel has forecast that the ‘bull run’ is over.
Credit rating agency Standard and Poor’s (S&P) has placed Australia’s AAA credit rating on ‘negative’ watch from its previously steady outlook.