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Guest Winners and Losers

Australians Are Wealthier Than Ever

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Guest Winners and Losers


CommSec economist Andrew Mitchell said Australians now preferred the share market ahead of the property market as the best place to park their hard-earned.

Despite the popularity of the share market, property has retained its lustre.

Nearly 20 per cent of the population own a second property, a rate which is considered one of the highest in the world.

Prof Wooden said material savings, in the form of housing and shares, were far more popular than traditional bank accounts.

"Putting your money into a bank account is not a great way of saving," he said. "I don't think Australians are bad at savings."

Despite the positivity, Westpac's chief economist Bill Evans said the outlook for overall economic growth was now declining.

"In 2005, a tentative consumer was the major brake on economic activity," he said.

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The Aussie share market is steaming ahead on the back of the resources boom & the compulsory 9% pension savings are pouring more & more cash into the market - annual growth rates on super funds of 20% are not uncommon.

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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