Australia’s biggest bank, CBA, has revised its cash rate forecast, reducing the number of predicted RBA cuts in 2024 from three 0.25 percentage point cuts to just one, scheduled for November. This decision comes on the back of stronger-than-expected inflation data from the ABS last Wednesday. Last week, Westpac’s economic team also updated the bank’s…
Articles by Sam Alaaeddin
With well over a decade's experience in asset and wealth management, Sam is an Elite Wealth Planner at Metropole and leverages his expertise to help clients achieve their wealth management goals. He holds a bachelor’s degree in law and commerce (Finance) and a Diploma in Financial Planning.
Running a country as vast as Australia is no easy feat. To keep things streamlined, we’ve established three tiers of government – a clever distribution of power ensuring that no single entity holds all the reins. It’s a system where responsibilities are smartly delegated: think waste management at the local level, healthcare at the state…
Forbes has released its annual rich list for 2024 revealing the world’s richest people. The report shows that there are now more billionaires than ever – 2,781 people across the globe in total. Which is 141 more billionaires than last year. And together they have amassed a total of $14.2 trillion in net worth, up…
One of the challenges our government is facing in handling the housing crisis is dealing with inaccurate population forecasts. HIA Chief Economist Tim Reardon recently highlighted a startling fact: “Australia’s population hit 26.8 million in September 2023, surpassing the Australian Government’s forecast by over a decade.” This revelation came as the ABS released its latest…
The landscape of retirement in Australia is shifting. Thanks to COVID-19, many Australians postponed their transition into their golden years. Recent figures, however, are indicating a significant trend: we’ve possibly reached the peak retirement age. A gradual increase has been observed over the decades in the age of retirement In an article published in the…
Whatever age you are or the point of your career you’re at, it’s important to know how much is in your superannuation. After all, the more you can contribute to your superannuation, the more you will have for retirement. It’s also interesting, then, to see how your superannuation balance compares to others your age and…
Recently the NAB released a summary of recent business statistics, from interest rates to inflation to business confidence, and had a look at the key numbers affecting Australia’s economy. Here’s what they had to say: First rate cut forecast for November The cash rate remains at 4.35% for now with little chance of further hikes,…