On the Money

Negative gearing isn’t a rort – but something else is

Perhaps the most woefully misunderstood economic issue of the election campaign has been negative gearing. I’ve been baffled by the number of times I’ve read commentary by otherwise thoughtful people describing negative gearing as a distortion of the property market…

First home buyer assistance plan: handle with care

The Coalition has put forward a scheme to help first home buyers get into homes, under which the government will underwrite a loan of 15 per cent of the value of the home, to be treated as part of their…

Developing an alternative GDP

As the federal election approaches, we’re expected to drown in slogans like “lower taxes”, “wage growth”, “franking credit reform” or “negative gearing reforms”. These mostly assume voters are as obsessed as the politicians with economic and financial issues, rather than,…

Stronger Super not yet tax efficient

Superannuation funds are largely ignoring the Stronger Super reform that embedded after-tax investing obligations into superannuation law. Six years after the reforms were announced, most superannuation funds still have a pre-tax focus. This lack of progress with after-tax returns stands…

The bearish view of the global economic cycle

Federal Reserve Policy A good place to start evaluating the bearish case for global growth is to consider policy changes at the US Federal Reserve. The Fed raised interest rates by over 200 basis points over the last few years.…

The case for global growth

This June, the current economic expansion will end up being the longest in post-war history. Therefore, it’s natural to ask: “Are we headed into a recession later this year or in 2020?” It’s a tall ask to evaluate whether a…

Asian REIT outlook positive

We see significant potential for real estate investment trusts across the Asia Pacific. Listings have already grown strongly over this decade, with the total number of listed REITs in the region growing from 50 to 792 and the market capitalisation…

How would a Shorten Government deal with a slowing economy?

If the bookies have got it right, Labor is as likely to lose the next federal election as Winx is the Queen Elizabeth Stakes at Randwick at 13 April. At $1.18, Labor is trailing Winx at $1.10, but only by…

Of butterflies and boardrooms: Capturing the economic power of women

Numerous studies link a greater inclusion of women in the workplace with material financial benefits for businesses, countries, capital markets and the world writ large. According to the World Economic Forum, closing the economic gender gap across countries by 2025…

Ian Silk’s real message to the super industry

When the AustralianSuper chief executive Ian Silk gave the keynote address to the 2019 CMSF conference last week, he had one target in mind – the profit-for-member funds. Acknowledging that this superannuation sector, of which he is a recognised leader,…