Get ASX Price
LATEST FINANCIAL PLANNING NEWS
Hot Issues
Australia’s new Government
Is my employer paying me the right super?
State and Federal COVID-19 support---June 2022
7 age pension traps to avoid
What is gazumping and how to prevent it happening to you
Total GDP Nominal by Country ( 1960-2050)
Can you use your pension to retire debt free?
Super changes that could affect you from 1 July 2022
Your super checklist for EOFY
9 money conversations to have with your partner
Australian housing slowdown Q&A
Largest cities in the world 1500 to 2100
Federal budget 2022: Winners and Losers
Why Australian interest rates are likely to rise and when
Living costs for retirees rise at fastest pace in 10 years
9 money tips if you’re having a baby
The US Federal Reserve starts raising interest rates
Federal Budget 2022 – Overview
Federal Budget 2022 and YOU - Part 1
Federal Budget 2022 and YOU - Part 2
The escalation in Ukraine tensions - implications for investors
Why it’s important to think about insurance ahead of retirement
Budget smarter with the 50/20/30 rule
What happens to my super when I die?
DGP by country since 1800
Tax-deductible super contributions explained
Share market falls - seven things for investors to keep in mind
Vaccination rates (Dose)
Understanding insurance in your super
How can refinancing your home loan save you money?
2022 - a list of lists regarding the macro investment outlook
Review of 2021, outlook for 2022
Bull vs Bear
How to save for retirement at every age
Five ways you can start to bridge the super gender gap today
5 money mistakes to avoid if you’re going guarantor
Our 2021 Advent Calendar.
How does a transition to retirement pension work?
Asian Economies (1960 - 2020)
The longer-term legacy of coronavirus
What you should know about creating your will and estate plan
What info is on my credit report and why does it matter?
The worry list for shares - how worrying are they?
Types of retirement pensions explained
7 ways to stay active and healthy in retirement
There’s an investor in all of us - and most of us already invest in one way or another
World's most productive countries
Why is Australian housing so expensive and what can be done to improve housing affordability?
COVID relief continues for retirees
Greenhouse gas emission by country since 1880
How does the First Home Super Saver Scheme (FHSSS) work?
Spouse super contributions - what are the benefits?
China’s growth slowdown and regulatory crackdown
Lockdowns and mental health
Salary sacrificing into super - how it works
Super bring-forward rules now apply to more people
The work test and work test exemption explained
Coronavirus continues to cause havoc globally and in Australia
Five ways to turn down the noise and stay focused as an investor
Considerations for different retirement living options
Videos and other resources for our clients
Keeping your super on track during a career break
Your guide to the super guarantee (SG) and rate changes
The never-ending coronavirus pandemic
Can I go back to work if I’ve already accessed my super?
2020-21 saw investment returns rebound
Tax Time Checklists - Super Funds; Individuals; and Company, Trust, Partnership
What is capital gains tax and when might I have to pay it?
6 steps to help you feel more positive about your finances
End of year (EOY) financial strategies
The 2021-22 Australian Budget - Analysis
Videos to help understand financial planning topics.
Investing on behalf of your kids
Super contribution caps are going up from 1 July 2021
Protecting your loved ones
Federal Budget 2021 - Overview
Building a more secure and resilient Australia
Federal Budget 2021 - Health
The return of geopolitical risk? - what to watch over the remainder of 2021
Relationship break-up entitlements when you're in a de facto
What do you need to think about when deciding when to retire?
6 steps to building good financial habits
RBA on hold and likely to remain easy for a long while yet as full employment gets more of a look in
More Aussies look to buy property and refinance
A new crypto world is emerging - the non-fungible token
Saving for your child's future
5 tips for creating your own good fortune this Lunar New Year
A broad range of Calculators.
Shares have had a very strong rebound since March last year so where are we in the investment cycle?
ATO Small Business Newsroom
Many in the dark about retirement
Transfer balance cap set to increase to $1.7 million
How to rebuild your super after a COVID-19 withdrawal
Financial wellness in 2020 - how did yours compare?
The global economy and investment markets this year
ASIC sounds warning around high-yield bond scams
Is $1m enough to retire?
How much super should I have at my age?
Tips for parents who became the bank of mum and dad
How to 2020-proof your finances
Vaccination rates as they happen around the world
2021 - a list of lists regarding the macro investment outlook
2020 - the year that united us
Videos and other resources for our clients
How to review your direct debits and save
Majority of working Aussies to benefit from personal income tax cuts
2020 is coming to an end. Phew!!
Review of 2020, outlook for 2021
The right times for financial advice
Is your home loan still right for you?
3 golden rules that make saving for retirement easier
How to budget for your social life in retirement
Still The Lucky Country
Comprehensive list of COVID-19 initiatives and packages.
Understanding the Age Pension income and assets test
Considerations when downsizing your home
Ways to help reduce your debts before you retire
How to identify (and beat) your spending triggers
Budget 2020 - A very comprehensive break down.
Budget 2020 - Fact Sheets
Budget 2020 - At a Glance, Overview, Outlook
JobKeeper extension – changes implemented
Australia's "eye popping" budget deficit and public debt blow out
The economics of COVID-19 lockdowns
How mindfulness can improve the way we work
Taking control of your personal finances in a COVID-19 world
September update of latest COVID-19 initiatives.
Seven reasons why the trend in shares will likely remain up, albeit with bumps along the way
Market outlook Q&A
Changes to super contribution rules for over 65s
COVID-19: How long may your super savings take to recover?
Boost your super in the lead up to retirement
4 ways to help prepare your finances for a recession
JobKeeper - Latest Update
The fiscal cliff is more likely to be a fiscal slope
Australian economic and fiscal update
Protect yourself from COVID-19 related scams
The economic hangover of COVID-19: how long will it last?
How to rebuild your super after a COVID-19 withdrawal
Market update - July 2020
Investment options and retirement
Extra Tools & Resources for our clients.
The Australian economy and recovery from COVID-19
Digital payments and online banking for older Aussies
The coming surge in Australia's budget deficit and public debt due to coronavirus
10 medium to longer-term implications from the coronavirus shock
Thinking about insurance ahead of retirement
Gifting and financial generosity during coronavirus
Diversification - why it matters now more than ever
The value of financial advice
Our Website, your resources
Light at the end of the coronavirus tunnel
Market update
Changes to pension drawdown and deeming rates
Preserving retirement saving during COVID-19
How investment market volatility could affect your super
COVID-19: Early Childhood Education and Care Relief Package
The coronavirus pandemic and the economy – a Q&A from an investment perspective
Money challenges women face
Data so large it's hard to comprehend.
Is coronavirus driving a recession, depression or an economic hit like no other?
Holding your nerve – why retirees fear a market plunge
Historic $130bn wage subsidy to cover 6 million workers
Stage 2 – Covid-19 stimulus package.
Covid-19 Update - Small Business
PM launches $17.6 billion virus stimulus plan
The plunge in shares – seven things investors need to keep in mind
Three reasons why low inflation is good for shares and property
Can refinancing my home loan save me money?
Expected GDP by country 2010 to 2100
Super investment options – what’s right for you?
Life beyond work
Statistical picture of Australia - Update
A resource hub for our clients.
Market Update
Real Time World Population Growth - Wow!!
Dividends explained
Start 2020 with a best snapshot of Australia.
5 tips for green investing
Make Australians save again
Bushfires and the Australian economy
Grow your super in the new year
Australia by the Numbers
How to create realistic goals…… and stick to them.
5 days to get your finances in order
Our Advent calendar for 2019
5 reasons why I’m not so fussed about the global outlook
Superannuation changes
You'll be the life of the party when armed with this information!
7 tips to improve your financial wellness
Rebooting for retirement
5 reasons why the A$ may be close to the bottom
Resist today, relax tomorrow
Market Update 30 September 2019
How much superannuation is enough?
All Australia's vital statistics - October 2019
6 new financial videos
Boost savings with compound interest
High times for low interest rates
Market Update - September 2019
Will the world slip up on oil again?
Australia by the numbers - September 2019
Spending money in a cashless world
Dealing with being cash poor and asset rich
Saving for a rainy day
Market update
Access to more resources and tools than most websites.
Nine reasons why recession remains unlikely in Australia
Can I go back to work if I’ve accessed my super?
How's Australia doing statistically?
Protecting your super package.
Making the most of record-low interest rates.
Market Update 2019
How the top 10 global companies have changes since 1998
The longest US economic expansion ever
When can I access my super
Australia by numbers – Update
How to retire early
How to play catch up with your Super
Inflation undershoots in Australia
9 money mistakes to avoid in retirement
What a financial planner does to help.
Australia's vital statistics.
What kind of money parent are you?
How to save money
Federal Budget 2019 - Overview
How the 2019 Federal Budget affects you
New Global growth slowing, plunging bond yields & inverted yield curves
Women and Money
Market Update - March 2019
The problem with getting to 53 years of age.
How to avoid a travel debt hangover
Things to avoid as a newbie investor
Budget Time - How's Australia going?
Most older Aussies prefer home care over a nursing home
Why growth in China is unlikely to slow too far
10 money conversations to have when your relationship heats up
Australia slides into a 'per capita recession'
6 steps to get your money stuff together
All you need to know about how Australia is going.
Australian housing downturn Q&A
6 ways to reduce your credit card debt once and for all
5 life insurance questions you've always wanted to ask
2019 a list of lists - regarding the macro investment outlook
Part 4 - The major benefit of ‘behavioural coaching'
How to adult—a quick guide to personal finances in your 20s
How Australia is performing.
The Australian economy in 2019
Holiday budgeting tips— How to avoid a travel debt hangover
Australia - a comprehensive run-down of our vital statistics.
The Fed and market turmoil - the Fed turns a bit dovish but not enough (yet)
12 ways to avoid waste this Christmas
Rising US interest rates, trade wars, the US midterm election results, etc
Our Advent calendar for 2018
Responsible and ethical investing
What are the 3 biggest living expenses for households?
Your Adviser and Behavioural Coaching
Stop!! Don't do a paper Budget, use our online budgeting tools instead.
Information needed to be the BBQ expert.
Would you like to retire by 40?
The property cycle and the economy
How financial advice helps create wealth.
7 money personalities you may identify with or want to avoid
Are shares expensive?
How's Australia doing statistically?
Super investment options – what’s right for you?
Here's how to lead a happier life
What happened to all the worries about rising inflation and bond yields? Goldilocks, tariffs, Turkey & other things
Is it better to buy an investment property or home first?
Nine keys to successful investing
This information will turn you into a fireside expert.
How Australians will use their tax return
Lessons from the blue zones: secrets of a long life
Trumponomics and investment markets
Tools for budgeting, cash flow, Super and more ….
How tax deductible personal super contributions work
How much super should I have at my age?
The rise of the gig economy and side gigs (thanks to technology)
Statistics for all Australians
Watch out for tax scams
Now’s the time for tax planning
After the Australian household debt and east coast housing booms
Why it pays to contribute to your partner's super
Australia by numbers – Update
How to deal with financial stress – nearly 1 in 3 affected
Federal Budget 2018 – Overview
Your Budget
4 components of our 2018 Federal Budget
US China trade war fears – Q & A
Tools to help you manage your financial position are available on our site.
7 ways to boost your super
Australians reveal their priority goals
Australia by numbers – Update
Your retirement questions answered
How to make money by turning your unwanted goods into cash
Our website is really our digital office.
Bitcoin – is it really for you?
Spread your money, reduce risk
Love and money? It’s not about control
The pullback in shares - seven reasons not to be too concerned
Australia. All you need to know to be the expert.
Australian’s love affair with debt - how big is the risk?
5 ways to keep a cool head in a falling share market
2018 – a list of lists regarding the macro investment outlook
Sports lovers enjoy better financial fitness
Where Australia is at. Our leading indicators.
The year that was and the year ahead
Add some extra cash to your New Year
New year, new financial resolutions
Our Advent calendar for 2017
Where are we in the global investment cycle?
Australia's vital statistics
12 ways to enjoy summer without spending a fortune
One in three Aussies travel without protection
Digital payment options could see you spend more this Christmas
If you’ve always thought property prices only go up…
Will Australian house prices crash?
Where are we in the global investment cycle and what's the risk of a 1987 style crash?
Money steps for women
Resources on our site to help you, your family and your friends.
Australian Dietary Guidelines and healthy eating chart (PDF)
How to retire, your way
Prepare for retirement without missing out today
Be the boss of your cash
The Australian economy bounces back again
Should you lend money to family?
Money mistakes people make in their 50s and 60s
Australian Dietary Guidelines and healthy eating chart (PDF)
Eight steps to improved cashflow... and lifestyle
Powerful Budgeting, cash flow and Super Tools available on our site.
5 ways Australians will use their tax return this year
Australia's leading causes of death - ABS
The threat of war with North Korea
Six traits of Australians living the dream
The break higher in the Australian dollar is likely to be limited
Money can buy you happiness, you’re just spending it wrong
Key Economic Indicators, 2017 – updated
Helping your kids buy a home
From Goldilocks to taper tantrum 2.0
What’s your debt age?
Doing a budget is a good idea but ....
Planning is the key to making it financially
What to do when you come into money
Managing your money when you move in together
Reduce your bills with these household items
It pays to contribute to your partner's super
How to cope with losing independence
Transition to retirement income streams
The Australian economy hits another rough patch
Watch out for tax scams
The three core pillars of this year's budget
Federal Budget - 2017-18 - Overview
Federal Budget - 2017-18 - Budget documents
Make the most of the current super caps
Five, four, three… it’s not too late to get more in super
Super changes are coming
What’s your debt age?
Australian cash rate on hold
Super changes this financial year - Dr Shane Oliver - video
The door is closing on super’s current caps
Is Donald Trump's honeymoon with investors over?
Estate planning and why you need a super plan
What does a comfortable retirement look like?
Give your career a health check
Super changes from July 2017
Changes to the Age Pension assets test
Keep your money safe over the silly season
Looking ahead at 2017
Review of 2016, outlook for 2017 - looking better despite the political noise
Merry Christmas for 2016, a Happy New Year and a prosperous 2017.
54.2 million worries
Five tips for happy healthy ageing
Thinking about managing your own super?
Sending more to the tax office than you should?
Government pulls back on proposed changes to super
Market Update - What to consider when investing in a low return world
Stop!! Don't do a paper Budget, use our online budgeting tools instead.
Oliver's Insight - Megatrends
Value of Advice
A growing family doesn't have to blow the budget
Blinded by optimism
Thinking about managing your own super?
The investment outlook - it's not all that bad!
What’s your biggest obstacle to financial success?
Ageing Parents
Should you own the roof over your head?
Be a senior entrepreneur on your own terms!
Brexit and other key developments
Brexit wins
Commentary on major issues - AMP
Five money habits for a happy financial year
Are grandparents giving too much?
Remember to factor in parental subsidies at tax time
2016-17 Federal Budget - AMP
2016 Budget in detail
How (and why) to talk to your adult children about insurance
Procrastination: Just do it. Eventually.
Why Australian property won't collapse
The Lucky Country holding up pretty well
Have we reached the bottom?
The evolution of the Chinese consumer
Retirement rolls around faster than you think
Pressed for time?
Changes to the Age Pension assets test
Women are building financial intelligence
Heirlooms no more
Initial market falls precede stronger returns - Shane Oliver
What exactly is income protection insurance and do I need it?
A rough start to the year, which could have further to go
Aged Care - Changes to Assessment of Rental Income
A bump in the road, then a new start
New year, new start – are you ready for retirement?
Review of 2015, outlook for 2016 - Dr Shane Oliver
We wish you a Merry Christmas for 2015 and a Happy New Year
Go easy on the plastic over Christmas
Resolutions for a wealthy future
The Australian dollar doing what it normally does - overshoot. Dr Shane Oliver
How to manage volatility in a low return world
The Australian economy - more help will be needed. Dr Shane Oliver
Insurance through my super
Four tactics to build an investment portfolio
The demand for global infrastructure
Help achieve your investment goals with dynamic asset allocation
The Power of Budgeting
Jump retirement hurdles with a coach
Preparing for the time of your life
A Super Loan for all reasons
Making a smooth transition
Australian Government - Budget 2015
Budget 2015 - some professional opinions
Achieving a comfortable retirement
Is off-the-plan on the money?
Should I take my super as a lump sum or not?
Do you have a key person in your business?
Tips for success in a competitive job market
All you need to know about buying at auction
To sell or not to sell?
Saving in a material world
Why is Australian housing so expensive and what can be done to improve housing affordability?

Key points

- The key drivers of poor housing affordability and high household debt levels in Australia have been low rates and poor housing supply.

- Macro prudential controls to slow home lending now look imminent. But this is just a cyclical measure.

- More fundamental measures to improve housing affordability need to focus on boosting housing supply and decentralising away from major cities.



Introduction


For as long as I can recall housing affordability has been an issue in Australia but since the 1990s it’s gone from being a periodic cyclical concern to a chronic problem. The 20% rise in prices over the last year has put the spotlight on the issue again. With the surge in house prices since the 1990s has come a surge in debt which brings with it the risk of financial instability should something go wrong in the ability of borrowers to service that debt. This note looks at the main issues. Where is the property market now? What’s driving poor affordability? How big is the risk of financial instability? What can be done about both issues? And what’s the outlook for home prices?
 


Home prices up 20% in a year


After a dip around mid-last year in response to the initial national coronavirus lockdown, average residential property prices have since risen around 20% according to CoreLogic.
 


Average Australian property prices at a record high



Source: CoreLogic, AMP Capital


The gains have been led by houses and regional Australia, with units and Melbourne lagging. And while the monthly pace of growth has slowed from 2.8% in March, despite east coast lockdowns daily CoreLogic data indicates that its remained strong at around 1.3% in September. The gains have been driven by record low mortgage rates, buyer incentives, a tight jobs market, a desire for more home space as a result of the pandemic and working from home, numerous government home buyer incentives, the “fear of missing out” and lower than normal listings. This has pushed average prices to record highs & real house prices to around 23% above their long-term trend.
 


Home prices and household debt have gone up together



Source: ABS, RBA, AMP Capital


 


Poor affordability


As can be seen in the last chart house prices have been well above trend for nearly the last two decades. Which brings us to the issue of chronically poor housing affordability.

 


  • Over the last 20 years average capital city dwelling prices rose 200% compared to an 82% rise in wages. Over the last 10 years dwelling prices went up 58% & wages by only 26%.


 


  • The ratio of average house prices to average household disposable income has more than doubled over the last thirty years from around 3 times to around 6.5 times.


 


  • Affordability has deteriorated more in Australia than in other comparable countries. According to the 2021 Demographia Housing Affordability Survey, the median multiple of house prices to income for major cities is 7.7 times in Australia compared to 4.8 times in the UK and 4.2 times in the US. In Sydney, it’s 11.8 times and in Melbourne its 9.7 times.


 


  • The ratios of house prices to incomes and rents versus long-term averages are at the high end of OECD countries.


 


  • While interest rates may be at record lows, the surge in prices relative to incomes has seen the ratio of household debt to income rise nearly 3-fold over the last 30 years, going from the low end of OECD countries to the high end.


 


  • This is making it far harder for first home buyers to get into the market – it now takes 8 years to save for a deposit in Sydney and nearly 7 years in Melbourne. While government grants and deposit schemes can help speed this up the higher debt burden will take today’s borrowers far longer to pay down than was the case a generation ago.

 


What’s the problem with high home prices?


While a gradually rising level of home prices in line with growth in the economy is healthy and positive for the wealth of existing property owners very high house prices and debt levels relative to wages pose two key problems.

 


  • First high debt levels pose the risk of financial instability should something make it harder to service loans.


 


  • Secondly, the deterioration in affordability is resulting in rising wealth inequality, a deterioration in intergenerational equity (as boomers and Gen Xers benefit and millennials and Gen Z miss out), confining more to renting will exacerbate wealth inequality and it is likely contributing to rising homelessness. All of which risk increasing US style social tensions and polarisation.

 


What’s the risk of a financial crisis?


Predictions that high debt levels would lead to a crash in property prices threatening the financial system and the economy have been a dime a dozen over the last two decades. None have come to pass. Most borrowers are able to service their mortgages. Non-performing loans are low & the collapse in mortgage rates has seen household interest payments as a share of income fall to levels last seen in the mid-1980s.
 


Household interest payments have collapsed



Source: ABS, RBA, AMP Capital


However, there is a danger in getting too complacent here. Household debt to income ratios are very high and allowing them to get ever higher runs the risk that there could be a major problem at some point so it makes sense to act pre-emptively to cool things down. But whether there is the risk of a financial crisis or not the really big problem is poor affordability.
 


So why is housing so expensive?


There are two main drivers of the surge in Australian home prices relative to incomes over the last two decades. First, the shift from high to low interest rates has boosted borrowing ability and hence buying power. Second, there has been an inadequate supply response to demand. Starting in the mid-2000’s annual population growth surged by around 150,000 people per annum and this was not matched by a commensurate increase in the supply of dwellings resulting in a chronic shortage (see the green line in the next chart). The supply short fall relative to population driven underlying demand is likely the major factor in explaining why Australian housing is expensive compared to many other countries that have low or even lower interest rates. And the concentration of Australians in just a handful of coastal cities has not helped either.
 


Home construction and underlying demand



Source: ABS, AMP Capital


A range of other factors have played a role including negative gearing and the capital gains tax discount for investors, foreign buying and SMSF buying, but they have been relatively minor compared to the chronic undersupply. And investor and foreign demand have not been drivers of the latest surge.
 


So what can be done?


The good news is that we may be getting closer to the end of the 25-year bull market in property prices: interest rates are likely at or close to the bottom so the tailwind from falling interest rates is fading; strong home building in recent years and the collapse in immigration may lead to an oversupply of property; and the work from home phenomenon may take pressure of capital city prices. However, there are no guarantees. And things could just bounce back on the demand side once the pandemic recedes and immigrants return. So a long-term multifaceted solution is called for.

The first thing to do is to tighten macro prudential controls to slow record levels of housing finance. Raising interest rates is not possible given the weakness and uncertainty hanging over the rest of the economy and crashing the economy to get more affordable housing will help no one. So, a tightening in macroprudential controls to slow lending is warranted. With housing credit now growing faster than incomes and at a faster monthly pace than when APRA last started macro prudential controls in 2014 and more than 20% of new loans going to borrowers with debt-to-income ratios above 6 times up from 14% two years ago they are arguably overdue. This time around investors are playing a lessor role in the property boom so macro prudential controls should be broader than was the case in 2014-17. The main options are restrictions on how much banks can lend to borrowers with high debt to income ratios & high loan to valuation ratios and increased interest rate servicing buffers. Ideally first home buyers will need some sort of exemption. With the Treasurer supporting action and the Council of Financial Regulators (RBA, APRA & ASIC) expressing concern about household leverage they look to be on the way, although their implementation still looks several months away. And last decade’s experience showed that they work.

Of course, this is just a cyclical response and more fundamental policies are needed to address poor housing affordability. Ideally these should involve a multi-year plan involving state and federal governments. My shopping list on this front include:

 


  • Measures to boost new supply - relaxing land use rules, releasing land faster and speeding up approval processes.


 


  • Matching the level of immigration in a post pandemic world to the ability of the property market to supply housing.


 


  • Encouraging greater decentralisation to regional Australia – the work from home phenomenon shows this is possible but it should be helped along with appropriate infrastructure and of course measures to boost regional housing supply.


 


  • Tax reform including replacing stamp duty with land tax (to make it easier for empty nesters to downsize) and reducing the capital gains tax discount (to remove a distortion in favour of speculation).

Policies that are less likely to be successful include grants and concessions for first home buyers (as they just add to higher prices) and abolishing negative gearing would just inject another distortion in the tax system and could adversely affect supply (although I can see a case to cap excessive benefits).
 


What is the outlook for home prices?


National home price growth this year is likely to be around 20% with prices already up by around 17%. 2022 is likely to see property price growth slow to around 7% as a result of worsening affordability, reduced incentives, possibly higher fixed mortgage rates, continuing lower than normal immigration & macro prudential tightening. If the latter does not happen then we are likely to have to revise up our house price forecasts.
 


Important note: While every care has been taken in the preparation of this document, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) make no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This document is solely for the use of the party to whom it is provided.


 


 


Dr Shane Oliver - Head of Investment Strategy and Chief Economist, AMP Capital
 


Hawthorn Financial Planning Pty Ltd ABN 47 011 910 918
Corporate Authorised Representative
Charter Financial Planning Limited ABN 35 002 976 294
Australian Financial Services Licensee Licence number 234665
Registered address Level 24, 33 Alfred Street Sydney NSW 2000
Legal Disclaimer | Privacy Policy



Hawthorn Financial Planning 67 King William Road UNLEY SA 5061 Ph: (08) 8339 7973

IMPORTANT INFORMATION | Site By PlannerWeb