Spring and the Economy
Spring has arrived, bringing longer days and a chance to enjoy the warmer months ahead. On the economic front, inflation came in higher than expected with headline CPI rising to 2.8 per cent and the RBA’s preferred measure of underlying inflation also lifting. This may see the RBA hold rates steady for now. Markets remained resilient, with the S&P/ASX 200 reaching new highs, supported by strong performances in mining and banking. Unemployment edged down to 4.2 per cent, business confidence strengthened, and consumer sentiment hit its highest level in more than three years. The Australian dollar finished the month at US65 cents, while in the US, the S&P 500 also pushed to record highs led by technology stocks.
Protecting What Matters Most
With life’s unpredictability in mind, it’s worth reflecting on how to protect those who matter most. Life insurance is one way of ensuring your loved ones are not left under financial pressure if something happens to you. It can help cover mortgages, debts, education, and everyday living costs at a time when your family needs stability most. Reviewing your cover regularly ensures it continues to reflect your circumstances and goals.
Planning for Retirement – Even the Unexpected
Retirement planning is another area where unexpected events often play a role, with around two-thirds of Australians retiring earlier than they anticipated. Even if you’re starting later, there are strategies to boost your super, reduce debt, and plan for the lifestyle you want in retirement. The key is understanding your financial position, setting clear goals, and reviewing your plan regularly to stay flexible as life changes.
Travel with a New Perspective
Some of the most rewarding destinations are those that have transformed their reputation. Countries like Albania, Rwanda, Sri Lanka and Vietnam have each turned hardship into resilience, offering visitors authentic and memorable experiences. Exploring these once-overlooked places not only gives you a unique journey but also helps support their ongoing recovery.
As always, if you would like to discuss the contents of this newsletter don’t hesitate to contact our office at 1300 720 696.
