array(1) { [0]=> &object(stdClass)#4011 (52) { ["id"]=> string(5) "15221" ["title"]=> string(49) "The state of super in the wake of the coronavirus" ["alias"]=> string(49) "the-state-of-super-in-the-wake-of-the-coronavirus" ["introtext"]=> string(162) "

On this episode of The nestegg Podcast, the CEO of Industry Super Australia, Bernie Dean, shares his insights into the impact of COVID-19 on super funds.

" ["fulltext"]=> string(1413) "

Bernie joins host Grace Ormsby to unpack how the economic downturn has been affecting different demographics, why many in the older age bracket are experiencing increased levels of anxiety, and what those people can do to preserve their nest egg and minimise their losses.

Bernie also delves into Industry Super Australia’s stance towards accessing superannuation early as part of the government’s stimulus measures, whether now is a good time for people with the means to contribute extra to their super, and industry fund plans for a road to recovery for both their members and the national economy.

Thanks Bernie, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Industry Super Australia are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2020-06-03 02:41:02" ["created_by"]=> string(4) "2394" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2020-06-03 03:11:31" ["modified_by"]=> string(4) "2394" ["modified_by_name"]=> string(10) "Tasha Levy" ["publish_up"]=> string(19) "2020-06-03 02:51:45" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(221) "{"image_intro":"images\/podcasts\/Bernie_Dean_WEB.jpg","float_intro":"","image_intro_alt":"Bernie Dean","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(655) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","sent":"0","readingDiff":"3","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(31) "state, super, wake, coronavirus" ["metadesc"]=> string(200) "On this episode of The nestegg Podcast, the CEO of Industry Super Australia, Bernie Dean, shares his insights into the impact of COVID-19 on super funds. Bernie joins host Grace Ormsby to unpack how " ["access"]=> string(1) "1" ["hits"]=> string(2) "80" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1413" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(10) "Tasha Levy" ["author_email"]=> string(31) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#4013 (3) { ["data":protected]=> object(stdClass)#4009 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-06-03 02:51:45" ["slug"]=> string(55) "15221:the-state-of-super-in-the-wake-of-the-coronavirus" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(68) "/resources/podcast/the-state-of-super-in-the-wake-of-the-coronavirus" ["image"]=> string(35) "images/podcasts/Bernie_Dean_WEB.jpg" ["image_alt"]=> string(11) "Bernie Dean" } }

Sunday, 07 June 2020

Try another search or check out these top posts

•9 things you can and can’t claim tax on this year

•HomeBuilder is here: Who is set to benefit?

•Can I claim capital allowance on my investment property?

Latest Podcast

The state of super in the wake of the coronavirus...Read more

Resources

Claim your super...Read more

Invest

‘Accidental’ investors a growth market in 2019

By Stephanie Aikins · December 19 2018

Reading:

Invest

‘Accidental’ investors a growth market in 2019

By Stephanie Aikins
December 19 2018

Reading:

‘Accidental’ investors a growth market in 2019

By Stephanie Aikins · December 19 2018

Reading:

New data suggests close to one-fifth of first-time property investors may have fallen into creating a property portfolio “by accident”.

MCG Quantity Surveyors has found that 23 per cent of those with an investment property have lived in it initially as owner-occupiers, for an average of four years and 11 months.

According to MCG, data collected from the preparation of tax depreciation schedules revealed one-fifth of landlord clients stepped into property investment simply because they did not want to sell when the time came to change properties.

“Many of these owners seem to have fallen into their first investment, rather than made a strategic decision to become a landlord,” said Mike Mortlock, managing director of MCG Quantity Surveyors.

“It’s a fairly stunning result given the broad perception of property investors as a calculated, high-earning cohort set to tactically snap up all the available real estate.”

Mr Mortlock said the length of time these investors chose to stay in their initial homes shows that they were not strategic first home buyer investors, cashing in on stamp duty concessions or grants by living in the dwelling for the minimum period of time.

“Such a group always planned on being investors, but they would be a very small percentage of those in our research, otherwise the average resided-in period would much be lower than five years,” he said.

Mr Mortlock predicts Sydney and Melbourne’s dwindling housing market could give rise to more “accidental investors” looking to take advantage of house prices.

“Around 60 per cent of all property transactions in Australia occur in Sydney and Melbourne – two markets where price softening is now firmly entrenched,” he said.

“As such, one of the reasons a home owner in these southern capitals might choose to retain their old residence as an investment is because their hoped-for sale price is now less achievable."

Mr Mortlock also highlighted that it is this group who will likely be the most affected by changes to negative gearing and the capital gains tax should Labor be successful at the next election.

“Most of these landlords own just one property and are mum-and-dad style investors looking to get a financial step-up before retirement,” he said.

“It’s this group who will be most impacted by any future changes to negative gearing and capital gains tax, or upward movements in interest rates.

“In our experience, those with the largest property portfolios are the least likely to care about negative gearing or tax changes because they tend to be positively geared.”