As we step into the first month of winter and approach the end of the financial year, attention is turning to the resilience of the economy and households.
May delivered mixed signals for the Australian economy as inflation eased slightly to 4.2% in April from 4.6% in March, although underlying inflation edged higher from 3.3% to 3.4%. The softer-than-expected inflation data reduced expectations of further rate hikes in the near term.
Australian share markets were volatile. The ASX 200 moved within a relatively narrow range through the month, slipping slightly overall despite periods of strength linked to resources and AI‑related stocks.
Globally, markets continued to be shaped by Middle East tensions and ongoing inflation concerns. US markets made some big gains with the S&P 500 hitting an all-time high in the final days of May.
Oil prices eased from April highs but remained elevated and volatile with renewed US air attacks in Iran risking high prices still.
Consumer sentiment improved modestly although households remain deeply pessimistic because of high interest rates and cost‑of‑living pressures. This pessimism is extending to the property market which is showing signs of a broad-based softening.
Get prepared for June 30
Tax time is just around the corner, so now is the time to get ahead and find out what strategies may be available to you before 30 June.
Time for a portfolio review
A good first step is to review your investment strategy. With recent market volatility, things may have shifted and your risk tolerance may have changed considerably.
Investing for the next generation
For many, the goal of investing is about creating wealth for a comfortable financial future, as well as a legacy that supports your children and grandchildren for decades to come.
But one of the greatest risks to that legacy can be the challenge of dealing with sudden wealth. When adult children inherit large sums or significant assets without preparation, sometimes the result is family tension, poor decisions or erosion of wealth.
The art of leaning into winter
As the days grow shorter and the mornings a little crisper, winter is quietly making its entrance. In some places it brings frosty weather and extra layers, while in others it is a gentle shift with cooler evenings and a respite from the heat. Either way, the change in season often brings a noticeable difference in mood, energy, and overall health.
If you are already feeling a bit flat, tired, or more prone to the sniffles, you are not imagining it. The combination of less daylight, cooler weather, and more time indoors can have a real impact so let’s look at some ways to make winter a little more bearable.
