CommSec: Australia is poised for more economic growth, are you ready for growth?
Despite the toughest budget in years CommSec believes that the Australian economy is relatively strong with a predicted economic growth rate between 2.75 and 3.0 percent. You and your business need to be ready for change at every corner and as your local accountant, were here to help you and your business growth strategies.
|2014 Year End||2015 Mid Year|
|Predicted Cash Rate||2.5% – 2.75%||2.75% – 3.25%|
|Share Market||5,700 points||6,100 points|
|Inflation||2.5% – 3.0%||2.5% – 3.0%|
|Unemployment||5.5% – 6.0%||5.5% – 6.0%|
|Australian Dollar||0.97 USD||0.95 USD|
CommSec has stated that “Research by Investment Trends showed SMSF trustees still hold 25 per cent of SMSF assets in cash which equates to $143 billion,”.
CommSec believes that despite strong gains on the share market (18% for the 2014/14 financial year) there is still a disproportionate amount of assets in cash. This means that the stock market is tipped for continued growth.
“SMSF investors indicate that around 31 per cent or $45 million of these holdings are ‘excess cash’, or cash that would ordinarily be invested in active assets if it weren’t for the current investor sentiment.”
Make sure you have the appropriate systems and structure in place to ensure you can achieve the same growth and shave off you slice of the billion dollar growth pie.
This should be seen as an opportunity for you and your business as an opportunity to grow and shine. Don’t get caught behind this year, step up with an ongoing monthly plan where we can work together to ensure your maximising your future potential.