News

As expected the RBA cut rates for the first time since August 2016 to an all-time low of 1.25%.

The Australian federal election dominated markets in May, with news polls and pundits favouring a change of government right up until election eve.

Australian Real Estate Investment Trusts (A-REITs) outperformed the stock market in May with thanks to a Coalition win, and bonus from APRA.

Most markets ended in positive territory for the month of April. The positive tone in economic data pushed government bond yields up (i.e. prices fell) and prompted riskier fixed income assets to outperform. 

The Australian economy’s 27 years of unbroken economic growth has slowed as evidenced by GDP data released in March.