Government waters down super protection bill to ensure passage

The Government’s package of superannuation protection measures was passed in the Senate last week, but not before one of the key elements of the package, relating to life insurance exemptions, was removed. The new law introduces a cap of 3…

NAB hybrid pricing ‘looks attractive’

Researcher Morningstar has given NAB’s latest issue of hybrids, Capital Notes 3, the thumbs up, rating it “subscribe”. The notes are fully paid, subordinated, perpetual unsecured notes with a scheduled conversion date of June 2028. NAB can call the securities…

Qantas enters the high-end card market

Qantas has entered the high end of the credit card market, launching what it describes as an ‘ultra-premium’ card whose benefits include first class lounge access, a concierge service and flight discounts. Applicants will have to pass an income test.…

Commercial property outlook improves

While investors are gloomy about the outlook for residential property, there are more positive signs in the commercial property sector. NAB’s latest Commercial Property Index, released last week, shows an increase in positive sentiment among property professionals in the December…

Fractional property investment market gathers momentum

Fractional property ownership is an alternative way to invest in the property market without owning it a hundred per cent. This is becoming the trend partly because of the increasing price of properties and because fractional ownership allows investors to…

Personal loan rates cut

Lenders may be putting up home loan rates but the trend in personal loans is down. With some offers now under 6 percent, consumers have an opportunity to move out of high-cost credit card finance or budget for a major…

IPOs flop

Last year’s initial public offerings failed to produce returns for investors – falling from their issue prices by an average of 18 per cent by year end. It was the worst performance for IPOs on the ASX since 2011. Only…

Big bank trials fractional property investment

Fractional property investment is moving into the investment mainstream, with news last week that one of the big banks will run a six-month pilot in collaboration with investment company DomaCom. The as-yet unnamed bank will trial DomaCom’s fractional investment model.…

The search for good deposit rates gets harder

While lenders are putting their mortgage rates up, a number of deposit-takers have cut at-call and term rates over the past month. Consumers can’t win. According to the Mozo Banking Roundup every rate change in the at-call segment of the…

Dividend outlook positive, despite AMP cut

With AMP announcing last week that it would slash its final dividend from 14.5 cents a share this time last year to just 4 cents a share, partly due to remediation costs flowing from the Royal Commission, investors are wondering…