Welcome to our summer wealth management update.
This edition covers the following topics:
Residential property headwinds
The major drivers of residential property prices in Sydney go far beyond how close a home is to the water, or how easy it is to commute to the city. With population growth increasing rapidly each year, there is a constant need to balance the equilibrium between supply and demand, though that’s not the only contributing factor to the tremendously increasing property prices. This article centres on a discussion about the major price drivers in the housing market and predictions for the future.
Stock spotlight: Alibaba Group Holdings
Recent events have caused the significant decline in share prices of Alibaba Group Holding Limited, the world’s largest online and mobile commerce company. Following Alibaba being caught up in China’s crackdown on companies that the Authorities believe have too much power, this article evaluates Alibaba’s short to medium term headwinds and discusses the positives and negatives for current shareholders of the company.
Superannuation: Unused carry-forward concessional contributions
The carry-forward concessional contribution provision allows you to access unused concessional cap amounts from previous years. This article explains the eligibility requirements for the carry-forward concessional contributions, provides examples of how they can be used and outlines the key considerations.
Liability limited by a scheme approved under Professional Standards Legislation. Any advice included in this article is general only and has been prepared without taking into account your objectives, financial situations or needs. Before acting on the advice you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs. You should also obtain a copy of and consider the Product Disclosure Statement for any financial product mentioned before making any decisions. Past performance is not a reliable indicator of future performance. Advisors at Pitcher Partners Sydney Wealth Management are authorised representatives of Pitcher Partners Sydney Wealth Management Pty Ltd, AFS number 336950.
