Sat, 9th Mar 2024

This episode from Financial Services Online hosted by Paige Estritori covers key headlines in Australia's finance sector. The Insurance Council of Australia reports insured losses from recent weather events, including Cyclone Jasper, totalling $1.2 billion. However, 28% of 90,000 claims have been settled, with the council committed to long-term recovery. Housing market data shows robust property value increases in Perth, Adelaide, and Brisbane, despite a dip in new housing loan commitments hinting at a market slowdown. There has been a rise in contributions to self-managed super funds (SMSFs) from property sales, indicating changes in strategies of SMSF trustees. However, strategies for optimal tax management are still underused. The implications of inherited superannuation, particularly for non-dependents, are underlined. For comprehensive understandings of these stories and more, the episode directed listeners to the Financial Services Online website.n