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August 2017 – News and Update

August 2017 – News and Update

August is here and the wattle is beginning to bloom, a sure sign that spring is just around the corner. The Australian economy has been a bit slower to spring to life, but there are some green shoots.

Australian consumers had a new spring in their step as July progressed thanks to a rising Aussie dollar, lower petrol prices and a jump in full-time employment. The ANZ/Roy Morgan consumer sentiment rating rose 2.3 per cent in the final week of July to its highest level in five months. While the unemployment rate held steady at 5.6 per cent in June, the growth in part-time jobs stalled as full-time jobs posted the biggest back-to-back monthly gains in 29 years. Inflation is also under control, with the June quarter CPI easing from 2.1 per cent to 1.9 per cent.This is below the Reserve Bank’s target band of 2-3 per cent, reducing the chance of a rise in official interest rates in the short-term. Petrol prices fell close to the $1 mark in many capital cities.

The Aussie dollar ended the month at a two-year high after pushing above the US80c level, which will please travellers but not our exporters. The rise reflects a weaker US dollar rather than any local economic issues. Earlier in the month Aussie businesses were brimming with confidence. The NAB business confidence index was up from +7.5 points to +9.3 points after the business conditions index reached a 9-year high.

Read more from our August Newsletter here:

Owl Financial Management ( OwlFM ) is an Adelaide Based Financial Planning Business. Contact on us 08 83620060


Financial Advisor Adelaide

We are an award winning practice that has been providing financial advice to South Australians since 1969. We really enjoy getting to know our clients and building a relationship with them that lasts over many years. We have a diverse range of clients from mum and dad to AFL players to ASX CEOs. All of which have a diverse range of financial advice needs and very different relationships to maintain. Our clients describe a 'breath of fresh air', personable, expert and people with high integrity. Clients have also mentioned that they are not treated as a number and the advice is specific to them. Working with clients for clients.

Financial Planner Adelaide

The one most rewarding thing about being a financial planner in Adelaide is when you have been working collaboratively with a client in developing and building their goals and objectives and the come to fruition. This give both the clients and myself a real sense of achievement and to use the famous quote 'are we there yet?' and together we can say YES! There has never been a better time to look towards what you want to achieve and start a financial plan so you can get there too.

Financial Planning Adelaide

A person's financial story is like a jigsaw puzzle... "lots of pieces needing to be put into their correct places". A financial adviser can assist a client to put the pieces in the right places by having a series of simple conversations about where a they are currently situated, where they want to be and what strategies can assist them. Every client has a different financial story and goals. Each jigsaw puzzle will always be different. A good financial adviser is experienced at putting together a wide range of jigsaw puzzles. Helping a client put their own puzzle together and seeing their satisfaction is a wonderful feeling.

Barry Phillis and Owl Financial Management Pty Ltd are Authorised Representatives of GWM Adviser Services Limited Australian Financial Services Licensee Registered Office at 105-153 Miller Street North Sydney NSW 2060 and a member of the National Australia group of companies.

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