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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss whether owner-occupiers should withdraw from the property market, the effects of Tuesday blues on the ASX, upcoming super changes and more.

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Steve Waters, director of Right Property Group, chats about current property price movements and whether owner-occupiers are being priced out of the market.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into the Tuesday blues effect and the implications for Aussie investors.

And lastly, tax and super guru Timothy Munro talks about upcoming super changes and shares his handy checklist ahead of tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Latest Podcast

Are you being priced out of the market? Have you got the Tuesday blues? And are ...

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There is $17.5 billion in lost and unclaimed super across ...

Retirement

Early super payments slow to under $200m

By Sarah Kendell

October 20 2020
Share

Retirement

Early super payments slow to under $200m

By Sarah Kendell
October 20 2020

Less than $200 million was paid out of the super system in the second week of October, as the popularity of the government’s early release scheme looks to be slowing further following the release of better than expected jobs data last week.

Early super payments slow to under $200m

By Sarah Kendell

October 20 2020
Share

According to the latest APRA statistics, super funds made approximately $199 million worth of payments to members in the week to 11 October, meaning the total paid out since the inception of the early release scheme rose to $34.3 billion.

Funds made payments to 28,000 members over the course of the week, according to the regulator.

At the same time, funds received 26,000 applications in the week to 11 October, of which 16,000 were initial applications and 9,000 were repeat applications.

Approximately 1.3 million people have now applied for both early release payments, while 3.3 million have applied for just one payment from their super.

The data follows a trend of slowing release numbers, with $241 million paid out of the super system the previous week, down significantly from $400 million to $500 million a week two months ago.

It also follows the announcement of a slightly lower than expected national unemployment rate last week, with unemployment rising to 6.9 per cent, below the forecast rate of 7 per cent.

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