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Economic Update Video – October 2020

by victoria
On October 6th the Government will outline one of the most important Federal Budgets in living memory.

The biggest government stimulus program since WWII has resulted in a budget deficit of $85.3 billion in the 2019/20 FY, with more spending on the cards to drive economic growth.

The Reserve Bank has kept the cash rate at its current record low of 0.25%.


Please get in touch if you’d like assistance with your personal financial situation.


This Newsletter provides general information only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances. We have representatives that are authorised to provide personal financial advice. Please see our website https://superevo.net.au or call 02 9098 5055 for more information on our available services.

Federal Budget 2020-21 Analysis

by victoria

Building a bridge to recovery

In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia’s future.

As expected, the focus is on job creation, tax cuts and targeted spending to get the economy over the COVID-19 hump.

The Treasurer said this Budget, which was delayed six months due to the pandemic, is “all about helping those who are out of a job get into a job and helping those who are in work, stay in work”. Continue reading “Federal Budget 2020-21 Analysis”

October 2020 Newsletter

by victoria

October is here and it’s shaping up to be a busy month. Many of us are taking advantage of the October long weekend and school holidays for a much-needed staycation in our home states, while Melbourne has announced a further easing of restrictions. Next week, all eyes will be on Tuesday’s Federal Budget.

The scene is set for one of the most important Federal Budgets in living memory, after COVID-19 delayed the usual May delivery to October 6. In September it was confirmed that Australia is in recession. The economy contracted 7% in the June quarter following the 0.3% fall in the March quarter, taking the annual decline to 6.3%, the biggest since 1945. The pandemic has also hit the federal budget bottom line, with a budget deficit of $85.3 billion in the 2019/20 financial year. The biggest government stimulus program since WWII took net government debt to $491 billion, or 24.8% of GDP, with more spending on the cards. Continue reading “October 2020 Newsletter”

Getting retirement plans back on track

by victoria

After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or an uncertain investment outlook.

Whatever your circumstances, a financial tune-up may be required to get your retirement plans back on track. You may even find you’re in better financial shape than you feared, but you won’t know until you do your sums.

The best place to start is to think about your future income needs. Continue reading “Getting retirement plans back on track”

Economic Update Video – September 2020

by victoria

The Reserve Bank forecasts the economy will contract 6% this year before rebounding 5% in 2021.

The recent company reporting season provided an insight into the financial impact of COVID-19 on the economy and for investors.

Only 75% of ASX 200 companies reported a net profit in the year to June. Full-year earnings were down 38% on aggregate, while dividends were down 36%.

53% of companies either cut or didn’t pay a dividend, a move that will affect investors who depend on dividend income from shares.

The current cash target rate of 0.25% has been left unchanged and is expected to remain at its current level for the foreseeable future.


Please get in touch if you’d like assistance with your personal financial situation.

Continue reading “Economic Update Video – September 2020”

Spring 2020

by victoria

It’s September and spring is finally here. This is always a wonderful time to get out in the garden or in nature, on foot or on your bike, even if travel restrictions mean we need to stay closer to home this year.

The recent company reporting season for the year or half-year to June 30 provided an insight into the financial impact of COVID-19 – on the economy and for investors. Analysis by CommSec showed only 75% of ASX 200 companies reported a net profit in the year to June 30. Full-year earnings were down 38% on aggregate, while dividends were down 36%. In an extremely difficult trading environment, 53% of companies either cut or didn’t pay a dividend, a move that will affect investors who depend on dividend income from shares. Continue reading “Spring 2020”

Economic Update Video – August 2020

by victoria

The government’s July budget update gave an insight into the economic impact of the health crisis, below is a video to assist you to stay up to date with the latest indicators.

The economy contracted by an estimated 0.25% in 2019-20, with a further fall of 2.5% in 2020-21.

The budget deficit is estimated to be:

– $85.8 billion in 2019-20 (4.3% of GDP, and

– $184.5 billion in 2020-21 (9.7% of GDP).

This would be the biggest deficit as a share of GDP since 1946 in the aftermath of WWII.

The current cash target rate of 0.25% has been left unchanged.


Please get in touch if you’d like assistance with your personal financial situation.

Continue reading “Economic Update Video – August 2020”

August 2020 Newsletter

by victoria

August is here and the wattle is in bloom, a sign that spring is around the corner. Australians will all be hoping for brighter days ahead, as we contend with rising COVID cases and sobering news on the economic front.

After postponing the Federal Budget until October due to COVID, the government released a budget update on July 23 which gave an insight into the economic impact of the health crisis. It estimates a budget deficit of $85.8 billion in 2019-20 (4.3% of GDP) rising to $184.5 billion in 2020-21 (9.7% of GDP). This would be the biggest deficit as a share of GDP since 1946 in the aftermath of WWII. The economy contracted an estimated 0.25% in 2019-20, with a further fall of 2.5% in 2020-21, the first consecutive annual falls in over 70 years. Continue reading “August 2020 Newsletter”

July 2020 Newsletter – Super Evolution

by victoria

July is here along with the winter chill. But July also signals the start of a new financial year and chances are most Australians are happy to say goodbye to the last one. This year more than ever it’s a great time to plan your finances for the year ahead, to rebuild or make the most of savings you have made during months of social isolation.

With an extraordinary financial year behind us, it’s a good time to take stock. After 28 years Australia’s record economic expansion ended due to the COVID shutdowns. Our economy contracted by 0.3% in the March quarter and looks set to contract 8% in the June quarter, confirmation that we are officially in recession. The Budget deficit for the 12 months to May was a record $65.5 billion or 3.3% of GDP, $61 billion higher than predicted just last December. Unemployment rose to 7.1% in May, the highest since 2001, with another 1.6 million Australians on JobKeeper payments. Continue reading “July 2020 Newsletter – Super Evolution”

Economic Update Video – June 2020

by victoria

As May unfolded, hopes grew of economic re-opening, below is a video to assist you to stay up to date with the latest indicators.

Reserve Bank Governor Philip Lowe told a Senate Committee on COVID-19 the economic downturn was less severe than feared due to Australia’s better than expected health outcomes and government stimulus and support.

Australian shares bounced back by around 5% in May, while the US market rose 3%.

The cash rate for June has been left unchanged at 0.25%. Continue reading “Economic Update Video – June 2020”