9News: Wins and Losses

Deborah Knight: The last day of the financial year is a chance to look back on where we’ve come in the last 12 months.

This year has been another stellar year for your super and some shares, but not so good for online shoppers and motorists.

9News finance editor Ross Greenwood explains

Ross Greenwood: The past year no doubt has been tight for many families. Wages on average grew 2.1 per cent. The median, pre-tax full time wage is just over $83,000.

But it has to go further, with big jumps in electricity, gas, health insurance and petrol.

A year ago, petrol was around $1.20 a litre. Today, its above $1.50 – that’s a 25 per cent jump.

Where you have made your money is your super fund. The average fund is up 9.2 per cent. So that’s nine years of consecutive growth, equal to the longest on record.

Its being pushed up by the share market, which is up by 9.4 per cent but you had to be carful what you owned.

Banks shares on average fell 6 per cent. Telstra hit seven year lows. AMP hit 15 year lows. Among the best of the bigger groups, dairy companies a2 Milk and Bellamy’s more than doubled, and so did oil company Santos.

But property prices struggled, Sydney median price dropped almost 6 per cent to just over a million dollars.

And those dollars won’t buy as much shopping or travelling overseas. The Aussie dollar fell almost 3.5 per cent against the US. And to rub salt into that wound, from July 1 you will start having to pay GST on imported purchases under $1000.



Interviewed  Stephen Anthony, Chief Economist, Industry Super titled ” Self-managed super (SMSF) : Yes or No?

Should we have Company tax cuts?

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Interviewed  David Coleman, Assistant Finance Minister titled ” Did the Commonwealth Bank CEO survive his grilling?

Interviewed  Kristy Hatcher, Litigator, Owen Hodge Lawyers titled ” Warning: Nominate your beneficiary!

Interviewed  Matt Beiker, CEO,Star Entertainment Group (ASX:SGR) titled ” VIP gamblers cash in their chips

Interviewed  Noel Whittaker, Author, titled ” Simple guide to super

Interviewed  Mark Delaney, Deputy Chief Executive, Australian Super titled ” Australian Super returns

Super for Home Deposits – Craig Kelly MP

The Secrets of Super Success – Paul Schroder AustSuper

Interviewed  Dr. Martin Fahy, CEO, Australian Superannuation Funds Association (ASFA) titled ” Housing Affordability and Superannuation

Interviewed  Michael Rice, CEO,Rice Warner titled ” Super for homes

Interviewed  Ian Narev, CEO,Commonwealth Bank titled ” Commonwealth Bank Shareholders hit hard

Interviewed  Denita Wawn, CEO, Master Builders Association titled ” Will tradies be worse off with no company tax cuts?

Interviewed  Matt Comyn, CEO, CBA titled ” Why has the CBA severed ties with scandalous wealth management business?

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