Western Australia’s economy in 2025 continues to demonstrate impressive resilience, supported by a thriving resources sector, a healthy employment market, and consistently high property demand. According to the Western Australian Treasury Corporation’s latest update, the state’s economy is expected to grow by 4.25% for the 2024-2025 financial year, making one of the highest growth rates…
Retirement is one of life’s most significant milestones, marking the transition from years of hard work to a period of relaxation and enjoyment. However, ensuring a comfortable retirement requires careful financial planning. The amount you need to retire comfortably depends on several key factors, including your desired lifestyle, whether you own your own home, your…
Retirees can face serious financial risks unique to this period of your life. As a retiree, consider all risks when planning for this momentous stage. The risk factors during retirement are not limited to an economic standpoint alone. You must also be mindful of the health risks you face, and have your affairs in order…
Leading up to retirement, you can’t help but wonder what is the biggest expense for retirees. When you retire, you would expect your expenditures to drastically decrease, in fact, that is the general consensus on what should happen. You may cut some work-related costs such as clothing and transportation. However, this is not necessarily a…
You are entering the next chapter of your life and retiring and you’re asking yourself the question, what is a good monthly retirement income? It’s your goal to ensure that you will get to live comfortably and you will get to sustain the lifestyle that you desire. Many factors may affect it, but your first…
If you’re asking yourself the question, how much do I need to retire in Australia, then this article is for you. Taking proactive steps will enable you to rest assured that you can afford a comfortable retirement. It is beneficial to weigh up how much you need to retire comfortably against your expectations of the…
What Are The Biggest Financial Mistakes That Retirees Make? Retirement is a transition that we cannot avoid, and all of us will eventually have to face it. When approaching retirement, it is essential to be mindful of any financial mistakes that could derail our plans. The consequences of making a financial mistake can be…
How Long Will My Money Last When I Retire? Answering this question is a crucial element of planning. It is vital to comprehend the duration you can depend on your money to ensure you can manage when the time comes. This article will discuss how long your money will last when you retire and…
As we rapidly approach yet another end of financial year it may be timely for you to consider a little financial “housekeeping”. We have therefore listed a few important considerations depending on your own circumstances. Superannuation Firstly, for many individuals Superannuation is often an important consideration at this time of year. So, let’s look at…
Western Australia is heading for a turnaround. This is the consensus from the expert panel (REIWA, CBRE, Herron Todd White & Resolve Finance) at a presentation to MFAA members on Wednesday. Why? Due to these indicators; • A turnaround in population growth – slow but steady • Unemployment rates decreasing (blue line on graph below)…
