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Home prices in reverse while Australians rethink retirement
Published 3 weeks, 5 days ago
Description
The Australian sharemarket finished flat ahead of key economic data this week, including GDP figures and US jobs numbers. Ricardo Gonçalves speaks with Elio D’Amato from EnviroInvest about the day’s market moves, rising oil prices and BHP’s record high. Plus, Kelly Power, CEO of CFS Superannuation, explains why Australians now believe they need more than $1 million to retire comfortably and why many expect to work longer before leaving the workforce. Also, housing expert Tim Lawless warns national property prices could begin falling from next month as higher interest rates, a slowing economy and policy changes start to weigh on the market.