Navigating Economic Waters: How Immigration Policy Impacts Interest Rates and Australian Families
As financial planners, it's our duty to keep you informed about the economic landscape and its implications for your financial well-being. In recent times, discussions surrounding immigration policies and their effects on inflation and interest rates have gained prominence. With many economists now predicting an interest rate rise in coming months.
Read MoreWe have received more questions in the past 6 months about HECS then we have in the past 18 years in providing financial advice.
The most significant change in recent years has been how the debts have been “indexed” at inflation.
For many, many years, we have enjoyed a low inflationary environment with debts being indexed at 2-3% per annum. These changes were not significant enough for students to feel the pinch.
House Deposit or HECS Debt: What is best?
However, on 1 June 2023, the indexation was made at 7.1%in line with inflation, sending student debts soaring. It has been the largest increase since 1990 and expectations are that this year’s rate will be between 4.2% and 4.8%.
Many students that I speak to do not understand what they signed up for, the terms of the HECs debt, what inflation is and how indexation is applied.
Read MoreThe Cost of Ignorance: How Government Neglect Impacts Australians' Financial Wellbeing
It's time for the government to acknowledge this reality and take decisive action to empower its citizens with the knowledge and skills they need to navigate the complexities of the modern financial landscape. After all, a financially literate population is not just a personal asset—it's a national treasure.
Read MoreThe goose that laid the golden egg?
Superannuation is set to have the contribution caps increased from 1 July 2024.
Find out how this affects you and your retirement plan.
Read MoreRedefining Financial Freedom: Planning for Choice with Newcastle Advisors
In recent years, there has been a notable shift in the financial aspirations of individuals in their mid-30s to early 40s. More and more people are seeking to break free from the traditional notion of retirement and instead are focusing on creating a lifestyle that offers them the freedom to work on their own terms. At Newcastle Advisors, we are witnessing a growing number of clients in this demographic who are proactively planning for a future where they have the choice and autonomy to live life on their own terms.
Read MoreIn the complex landscape of personal finance, navigating the path towards your financial goals can often feel daunting. At Newcastle Advisor, we understand the significance of this journey and are committed to guiding you every step of the way. Our approach is rooted in listening, understanding, and crafting tailored strategies that align with your unique circumstances and aspirations.
Read MoreIn this podcast you are in for a treat.
The two financial planners, Lionel O'Mally & Matt McCabe, discuss how they came up with the name 'The SUPERmen Podcast’.
Before taking a look at some recent financial articles that pricked their ears and they discuss how they would approach each situation with their clients.
They explore the article 'six horror stories in retirement' in more detail, linking some of these issues faced in retirement to several of their clients that they have supported over the years, exploring their experiences, mistakes, and learnings.
Then they finish the podcast with a segment talking about Lionel & Matt's favourite wines.
Tune in to see if the boys have improved in their second episode.
Read MoreThe Supermen Podcast is a dynamic and insightful show hosted by two seasoned financial planners from Australia, who bring a wealth of knowledge and experience to the table.
In this episode Lionel O'Mally & Matt McCabe introduce themselves to the listener and discuss what to expect on the new podcast.
Whether you're a seasoned investor or just starting to think about your financial future, the Supermen Podcast offers something for everyone.
Tune in and come along for the ride.
Read MoreLoneliness is the silent killer of the baby boomer generation.
Our Retirement Specialist Financial Planner, Matthew McCabe from Newcastle Advisors, shares his recent experiences with several of his male retiree clients, what they have experienced, how little answers and information is available, and a few tips that may help Australian Men who are moving into retirement.
Read MoreHow do you benefit from the Stage 3 tax cuts.
Our Newcastle Financial Planners explore the tax cuts, how much you will receive in your hip pocket, and the other benefits you may not have considered.
Read MoreStart making your goals today and see where they take you tomorrow.
Our financial planners discuss how to set goals, why goals are important, why setting goals can be difficult and how a financial planner can support you in setting your goals and putting a plan in place to achieve your goals
Read MoreWhat are the top financial goals for 2024?
Recent research from CBA has revealed the top financial goals for 2024. Our Newcastle Financial Planning Advisers discuss five practical tips to support you and where you can go for expert financial advice.
Read MoreAs we wave goodbye to 2023, it's time to reflect on a year that's seen optimism return to investment markets around the globe.
With the official end of the COVID-19 pandemic and as the risk of a recession subsides, global markets have exceeded expectations in 2023, suggesting we may be Out of the Woods. This upturn is thanks in large part to the mega-cap technology stocks known as the Magnificent Seven, which have woven a Love Story with the markets. As we observe would might be the End Game of economic uncertainty, investor sentiment has shifted from “a recession is coming” to “a soft landing is around the corner”, a situation where everyone needs to be Ready for It.
Read MoreFinancial abuse of the elderly, a troubling yet often unspoken issue, is becoming an increasingly prevalent trend. We see cases where adult children, typically in their 40s, 50s, or 60s, subtly or overtly exert influence over their aging parents' financial decisions.
Read MoreMany healthcare professionals fail to achieve this balance, not due to a lack of funds, but because of an absence of a strategic financial plan.
Recognising this, Newcastle Advisors offers bespoke financial strategies tailored to medical professionals, designed to enhance your financial health with minimal time commitment from your end, allowing you to focus on your patients while we handle your financial wellbeing.
Read MoreNavigating the Financial Landscape After Loss:
Expert Guidance from Newcastle Advisors to Ease the Burden of Bereavement.
The loss of a partner or loved one is one of the most challenging experiences that anyone can face, marked by profound grief and emotional distress. When faced with such a loss, especially if your partner was the chief financial officer of your household, managing practical matters like finances can seem daunting.
Read MoreFinancial advice is relevant to almost everyone at many significant stages of life. And that includes the uncertainty after being made redundant.
Financial Advice isn’t necessarily about how much money you have today. It’s about protecting your family & ensuring your financial security.
Everyone has a situation that is unique to them. It could be how to get rid of debt, how to use debt, how to retire early or how to deal with the current uncertainty. At Newcastle Advisors we have an innate ability to solve problems.
Read MoreThe rate rise that stops a nation?
The first Tuesday in November is normally remembered for the Melbourne Cup, the race that stops the nation. However, many are saying that the first Tuesday in November in 2023 may be remembered for the rate rise that stops a nation.
Read MoreOur Newcastle Advisors principal financial planner, Matthew McCabe has been accredited to provide advice with PPS Mutual. Matthew becomes only the second accredited financial planner in the Newcastle region.
Now our team is able to offer more support to doctors, dentists, accountants, solicitors, barristers, judges, and allied health professionals.
Read MoreAre You Considering Selling Your Investment Property?
Do you find yourself getting anxious over your tight cash flow? Are you lying awake at night, stressed about your mortgage payments? If you're facing these financial pressures and pre-empting another interest rate rise with dread, you’re not alone.
It used to be that buying an investment property was a sure bet, a great way to earn extra money. But now, as interest rates climb, people have found themselves trying to get a grip on their personal finances, leading many to deal with the possibility of selling their investment properties – a thought that once seemed distant.
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