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Southern Wealth Solutions

Phone: +61 2 9521 3722

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22.01.2022 A simple guide to NSW's Stage 1 restrictions now in place!

18.01.2022 Support for individuals and households This update covers measures to assist individuals and households. Measures to support businesses will follow in a separate post. The Government announced further measures to provide financial assistance to individuals and households at this difficult time. ...Continue reading

17.01.2022 If you've accessed your Super for Covid-19 here is how you can rebuild and not Destroy your Retirement.

17.01.2022 If your working from home here are some tips come tax time https://southernwealth.com.au//working-from-home---tax-ded

16.01.2022 Welcome to Southern Wealth Solutions Don't forget to like or follow us so you can stay up to date on all things financial. Thanks for visiting Southern Wealth Solutions and we hope to see you soon!

14.01.2022 Update on current Covid-19 Government assistance available to businesses

13.01.2022 Happy Easter to all our clients. Make sure you all stay safe this Easter just like the Easter Bunny!

12.01.2022 Financial matters for the over the 60s Considering retirement and starting to plan the rest of your life, there are some important decisions you need to make. When you see a financial adviser, you might be surprised to find theyre not always financial. These are some questions you might need to consider to prepare for retirement. 1. If you stop working, what are you going to do?...Continue reading

07.01.2022 This update covers measures to assist businesses. Measures to support individuals and households are covered in the previous post. The Government announced further measures to provide financial assistance to Australian businesses, particularly small to medium sized businesses. ...Continue reading

07.01.2022 https://southernwealth.com.au//are-you-prepared-for-the-en

05.01.2022 The Reserve Bank Of Australia announced a cash rate reduction of 25 basis points to 0.50 percent. Its a great way for home buyers and homeowners to kick off 2020, with lenders expected to offer more competitive home loan deals. Some lenders may announce new rates shortly while others may roll it out gradually. To understand how this change can benefit you, speak with us now!... #southernwealth #homeloans #RBA

03.01.2022 BROKERS MORE POPULAR THAN EVER Mortgage brokers are now responsible for writing over half of Australia's home loans and are valued for their choice, expertise and convenience, according to a new survey commissioned by the Mortgage and Finance Association of Australia (MFAA). From a 49.9 per cent share of the market in the March 2014 quarter, total new home lending to mortgage brokers increased to 51.9 per cent in the March 2015 quarter.... Over this time there was a $44.2 billion increase in mortgage lending across Australia and brokers were responsible for 71 per cent of this increase, Australian Bureau of Statistics data reveals. Brokers were also found to be proficient at matching the right product to customer's needs. In fact 30.2 per cent of broker initiated home loans went to smaller lenders, demonstrating that brokers offer consumers real choice and have access to a wider range of mortgage products than banks or other financial organisations. Investors in particular are convinced of the value of using a mortgage broker, with research showing that 40.5 per cent of broker originated loans are from investors. Owner-occupiers follow closely behind at 37 per cent of broker-originated loans, then first home buyers at 14 per cent and commercial borrowers at 6.0 per cent. Lenders are also complimentary of the role of mortgage brokers. Those interviewed for the MFAA study said lenders were moving to a partnership model with brokers, whereby both work together to provide customers with the most appropriate proposition. Great news for customers!

02.01.2022 CONSIDERATIONS FOR INVESTORS Sharp market falls with headlines screaming that billions of dollars have been wiped off the share market are stressful for investors as no one likes to see the value of their investments decline. The current situation is doubly stressful because of fears for our own and others health particularly for the elderly. However, several things are worth bearing in mind: While they all have different triggers and unfold a bit differently to each other,... periodic corrections in share markets of the order of 5%, 15% and even 20% are healthy and normal. For example, during the tech/dot-com boom from 1995 to early 2000, the US share market had seven pull backs greater than 5% ranging from 6% up to 19% with an average decline of 10%. During the same period, the Australian share market had eight pullbacks ranging from 5% to 16% with an average fall of 8%. All against a backdrop of strong returns every year. During the 2003 to 2007 bull market, the Australian share market had five 5% plus corrections ranging from 7% to 12%, again with strong positive returns every year. More recently, the Australian share market had a 10% pullback in 2012, an 11% fall in 2013 (the taper tantrum), an 8% fall in 2014, a 20% fall between April 2015 and February 2016, a 7% fall early in 2018, a 14% fall between August and December 2018 and a 7% fall into August last year. And this has all been in the context of a gradual rising trend. And it has been similar for global shares with the last big fall in US shares being a 20% plunge into Christmas eve 2018. Selling shares or switching to a more conservative investment strategy or superannuation option after a major fall just locks in a loss. With all the talk of billions being wiped off the share market, it may be tempting to sell. But this just turns a paper loss into a real loss with no hope of recovering. The best way to guard against making a decision to sell on the basis of emotion after a sharp fall in markets (as many are tempted to do!) is to adopt a well thought out, long-term strategy and stick to it.