Key Points: The budget this year is expected to return to a surplus of $4bn thanks to a continuing revenue windfall. Key measures include cost-of-living support, more spending on aged care and a move to slow NDIS growth. Implications for inflation and hence the RBA...

Key Points:  Australian home prices rose again in April & along with other indicators suggest the home price downturn is over. A surge in demand on the back of high immigration and constrained supply appear to be dominating the negative impact of higher interest rates. ...

Key Points: Inflation is likely to have peaked and this means that central banks are either at or close to the top on rates. The risk of recession has increased but should be avoided in Australia, providing the RBA is at or near the top...

Key Points: Capital city property prices so far in March are on track for a 0.6% or so gain, led by Sydney, based on CoreLogic data. The main positives for the residential property market are improving demographic demand, constrained supply and tight rental markets. Against...

Key Points: US regional bank failures have added to uncertainty about the investment outlook flowing from inflation & rate hikes. Specific issues with the failed banks and action to protect depositors may limit broader problems for US banks. But the wider risks are high and...

This outlook provides a recap of 2022 and the difficulties faced by investors as well as the investment returns looking back and forcast for 2023. There are reasons to be positive looking forward to 2023 however, there will likely be volatility along the way. To read...