Level 3, 18 Dequetteville Terrace, Kent Town SA 5067

(08) 8362 0060

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May 2018

May 2018

It’s May, and many parts of the country will be grateful that cooler Autumn temperatures have finally arrived. On the national economic stage, the final touches are being made to this year’s Federal Budget which Treasurer Scott Morrison will hand down on the evening of Tuesday May 8.

April was a month of market volatility against a backdrop of ongoing global economic growth. In the US, 10-year bond yields broke through 3 per cent for the first time since late 2013. This, along with rising commodity prices, reignited inflationary fears and pushed the US dollar sharply higher. Oil prices (using the benchmark Brent Crude) rose more than 5 per cent in April, and 44 per cent for the year, to around US$74.5 a barrel. Spot iron ore prices rebounded 3 per cent in April to US$67.5 a tonne. The strong US dollar was behind the Aussie dollar’s sharp fall to around 75.5 US cents.

In contrast to the US, local inflation is stubbornly low. The March quarter consumer price index (CPI) lifted 0.5 per cent for an unchanged annual rate of 1.9 per cent. While secondary education, household power, pharmaceuticals and vegetables are rising faster than the headline rate, prices for women’s clothing, household appliances, audio and computer equipment are falling. National house prices recorded their smallest annual growth in over 5 years in March, with the CoreLogic Home Value Index up just 1.2 per cent. Consumer confidence improved over the month with the ANZ/Roy Morgan rating up 2.1 per cent to a 5-week high of 118.4 in the final week of April. The Reserve Bank’s cash rate remains steady at a record low 1.5 per cent where it is expected to stay for some time.

Read more from our May 2018 update here:


If you would like to discuss your financial position and existing financial plan, contact us on 08 83620060

Owl Financial Management (OwlFM) is an Adelaide based Financial Advice Business.


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.

GENERAL ADVICE WARNING: The advice on this site may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.

Opinions constitute our judgment at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this document. View Terms & Conditions >