Australians Get Retirement Savings Boost From July 1
Good morning, it's Amy in Melbourne with your Tuesday newsletter on the first day of July. We'll have the latest markets news for you, and it's a big day for the superannuation industry...
Today's must-reads:
• Super contributions rise
• House prices climb
• Household battery scheme
More money will be flowing into the retirement savings accounts of Australian workers with the superannuation guarantee rising to 12% today, a key milestone for the country's A$4.1 trillion ($2.7 trillion) pension system.
House prices are up for a fifth straight month, fueled by the Reserve Bank's two interest-rate cuts this year. The Home Value Index advanced 0.6% in June, with every major mainland city recording a rise.
A program to encourage households to buy batteries cuts the upfront cost of installation by about 30%. The program is part of efforts to absorb excess renewable energy and curb price swings.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
'The Laws of LinkedIn': Unlocks psychology-driven growth to build influence, attract clients & grow income on the world's #1 professional platform
Now an Amazon #1 Bestseller — Cullen P. Haynes reveals 23 psychology-based laws that transformed his LinkedIn presence into a client-generating influence engine. SYDNEY, July 23, 2025 /PRNewswire-PRWeb/ -- Australia's #1 finance broker for lawyers, Cullen P. Haynes, makes his publishing debut with "The Laws of LinkedIn" (published by Balboa Press AU) — a high-impact guide for professionals ready to turn their LinkedIn presence into a pipeline for influence, clients, and income. Inspired by Haynes' journey from zero connections to becoming Australia's #1 finance broker for lawyers, "The Laws of LinkedIn" distills years of personal success into 23 actionable laws that are rooted in human psychology and tested by real-world success. Each law is designed to help professionals, entrepreneurs, and business owners leverage LinkedIn to create authentic engagement, elevate personal branding, and monetize their presence with confidence From enhancing visibility to building a loyal digital tribe and generating qualified leads, this book helps readers understand what truly drives results on the world's most powerful professional networking platform. "In an increasingly digital and competitive world, standing out and building an authentic online presence is more important than ever," Haynes states. "Unlike other LinkedIn guides that offer generic tips, this book provides specific laws and strategies that readers can implement right away. When you implement these laws, your LinkedIn presence will transform from a bland, two-dimensional resume into a dynamic, value-driven influence engine that helps you stand above your competition." As remote work, online visibility, and personal branding redefine how we build careers, "The Laws of LinkedIn" is the timely roadmap professionals need to expand their reach and income. Whether starting out or scaling up, these laws will help readers build real traction where it counts. Visit Amazon ( and Balboa Press ( to purchase a copy. "The Laws of LinkedIn" By Cullen P. Haynes Softcover | 6 x 9in | 274 pages | ISBN 9798765201077 E-Book | 274 pages | ISBN 9798765200858 Available at Amazon and Barnes & Noble About the Author Cullen P. Haynes is Australia's top finance broker on LinkedIn, specializing in serving legal professionals. With years of experience managing an award-winning brokerage, Legal Home Loans, he has built a top-tier reputation in the industry. His mastery of digital networking and human psychology has helped him create authentic connections and achieve significant business results. He leads both professional and business life with one guiding philosophy: "Leave everyone you meeting better than you found them." Balboa Press Australia is a division of Hay House, Inc., a leading provider in publishing products that specialise in self-help and the mind, body and spirit genre. Through an alliance with the worldwide self-publishing leader Author Solutions, LLC, authors benefit from the leadership of Hay House Publishing and the speed-to-market advantages of the Author Solutions self-publishing model. For more information or to start publishing today, visit or call 1-800-844-925. Media Contact Marketing Services, BalboaPressAU, 1-800-844-925, pressreleases@ View original content to download multimedia: SOURCE BalboaPressAU Sign in to access your portfolio
Yahoo
38 minutes ago
- Yahoo
Prestige Consumer Healthcare Inc. (PBH) Reinvents Retail Strategy for the Digital Age
We recently published Prestige Consumer Healthcare Inc. stands first on our list and is accelerating digital shift and boosting retail speed. Prestige Consumer Healthcare Inc. (NYSE:PBH) tops the list for being the most undervalued stocks. It is a leading marketer of over-the-counter (OTC) healthcare products, offering a wide range of personal wellness brands like Monistat, Summer's Eve, Dramamine, Clear Eyes, and DenTek. Headquartered in Tarrytown, New York, the company operates across the U.S., Canada, Australia, and select international markets. In 2025, a major development will be Prestige Consumer Healthcare Inc. (NYSE:PBH)'s digital transformation. By centralizing content management through platforms like Salsify, the company can now update product descriptions, images, and health information across retail partners like Walmart and Target within hours instead of weeks. This has improved product accuracy, boosted e-commerce visibility, and allowed the company to respond quickly to trends and regulations. 15 States with the Best Healthcare in the US The company's digital strategy also focuses on enhancing consumer engagement with lifestyle imagery and user-generated content, helping build stronger brand connections. The digital upgrade has made the corporation a more agile, tech-forward healthcare company ready to meet the growing demand for online health solutions. Additionally, the business remains committed to quality and consumer safety. The call center fields over 75,000 consumer inquiries annually, which helps inform product innovation. Rigorous testing, compliance checks, and third-party audits ensure high standards across its supply chain. By investing in digital tools and maintaining strong retailer relationships, Prestige Consumer Healthcare Inc. (NYSE:PBH) continues to build consumer trust and loyalty while leading in the evolving OTC healthcare market. While we acknowledge the potential of PBH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Reverse mortgage pros and cons
Key takeaways If you're a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more. A reverse mortgage isn't free money: The borrowing costs can be high, and you'll still need to pay for homeowners insurance and property taxes. Reverse mortgages can also complicate matters for your heirs, especially if they don't want the home or the home's value isn't enough to cover what's owed. If you watch TV, you've likely seen Tom Selleck and Henry Winkler touting reverse mortgages as a valuable income source for anyone retired or with limited funds. These types of loans can be worth getting, but they aren't for everyone. Here are the pros and cons. Reverse mortgage pros and cons Reverse mortgage pros Reverse mortgage cons You can better manage expenses in retirement. You have to pay fees. You don't have to move. You can't deduct the interest until you repay. You don't have to pay taxes on the income. You could inadvertently violate other program requirements. You're protected if the balance exceeds your home's value. You still have home-related expenses. Your heirs have options. Your survivors might run into issues. Reverse mortgage pros You can better manage expenses in retirement Many seniors experience a significant income reduction when they retire. A reverse mortgage allows you to supplement that diminished income without digging into savings. You don't have to make monthly payments, either, which could help free up room in your monthly budget. You don't have to move Instead of leaving your home, a reverse mortgage allows you to age in place. Additionally, while a reverse mortgage comes with fees and other costs, it might cost less in the long run than buying another home or renting in a new location. You don't have to pay taxes on the income The money you get from a reverse mortgage isn't taxable because the IRS considers it 'loan proceeds,' not income. (However, it could be considered income by other agencies — more on that below.) You're protected if the balance exceeds your home's value Because a reverse mortgage balance grows over time, it's possible that what you owe can eventually exceed your home's value. However, because a reverse mortgage is what's known as 'non-recourse' financing, the amount of debt that must be repaid can never exceed the property's value. That also means the lender can't make any claims against your other assets or those of your heirs. Your heirs have options A borrower can pay off their reverse mortgage at any time, but typically, repayment doesn't happen until it's required: when the borrower moves, sells the home or passes away. In an estate situation, this leaves heirs with potentially several choices: Sell the property to repay the debt and keep any equity above the loan balance Repay the debt out of pocket Keep the property and refinance the reverse mortgage balance if the property's value is sufficient Allow the lender to assume the property's title if the debt exceeds the property's value (or the heirs simply don't want the house) That last option allows the lender to file a claim for any unpaid balance with the insurer (almost always the Federal Housing Administration, or FHA, which oversees the Home Equity Conversion Mortgages, or HECMs, the most popular type of reverse mortgage). Reverse mortgage cons You have to pay fees Reverse mortgages come with fees, including: Origination fee (capped at $6,000 for HECMs) Mortgage insurance premiums (MIP) Closing costs from third parties, such as an appraisal fee or recording fee Monthly servicing fee up to $35 Many of these expenses can be rolled into the loan principal; however, that can substantially increase the amount you owe. You can't deduct the interest until you repay You might have enjoyed the mortgage interest deduction on your taxes when you were paying off your mortgage, but you won't be able to deduct the interest on a reverse mortgage each year. You'll only enjoy that perk when the loan is paid in full. You could inadvertently violate other program requirements A reverse mortgage could cause you to violate asset or income restrictions for the Medicaid and Supplemental Security Income (SSI) programs. This might affect your eligibility for these benefits. You still have home-related expenses A reverse mortgage doesn't let you off the hook for property taxes, homeowners insurance premiums and HOA fees. If you fail to pay any of these expenses in a timely manner, that violates the reverse mortgage agreement and your home could be foreclosed. Your survivors might run into issues When the borrower is no longer living in the home, the reverse mortgage either has to be repaid in full or the home surrendered to the lender. This scenario could be triggered by death, but also by moving to a nursing home or long-term care facility. This situation can cause complications for those non-borrowers still living in the home. While there are protections in place for surviving spouses, they only apply if you were married prior to obtaining the reverse mortgage. The amount to repay could be a lot larger than you anticipated, too. If you never or only minimally repaid the balance before the triggering event, it might be all the more challenging to repay now. Who is a good candidate for a reverse mortgage? With all the potential complexities and risks, is a reverse mortgage a good idea? For some homeowners, the answer might be yes if: You anticipate staying in your home for a long time. Since you'll pay another set of closing costs with a reverse mortgage, ideally, you'll want to stay in the home long enough to break even on the expense. If you're 62 and expect your current place to remain your forever home, a reverse mortgage could make sense. You need more money to manage everyday expenses. If you're struggling on a limited income, a reverse mortgage can help you keep up with some bills. Your home is increasing in value. If you live in a market where home values are appreciating, your property might be worth more by the time you or your heirs pay back the loan. If you're a senior having a hard time paying bills, many states, local utility companies and organizations offer assistance. AARP maintains a list of benefit programs by state. Who is a bad candidate for a reverse mortgage? Here are a few signs that a reverse mortgage isn't right for you: You're planning to move. Remember: You'll want a long runway to make paying all the closing costs, mortgage insurance premiums and other fees worth it. You might need to move due to health issues. A reverse mortgage requires you to live in the home, which means that relocating to a nursing home or any kind of assisted living arrangement could result in needing to pay back the loan in full. You're struggling to cover other home-related costs. If you're challenged coming up with the cash for property taxes and homeowners insurance, it's best to avoid a reverse mortgage. You'll need to continue paying these expenses to meet the loan requirements. Should you get a reverse mortgage? Reverse mortgages have gained a reputation due to some scams targeting unsuspecting seniors. Even legitimate companies have used dishonest marketing to try to get homeowners to take out reverse mortgages. The simple rule is, be very cautious about putting your home at risk. Still, there's at least one key reason you might consider a reverse mortgage: increased equity. Over the past few years, home values have increased, giving many homeowners a much bigger opportunity to tap their equity. Remember that you have other options for accessing cash as well. Compare a home equity loan versus a reverse mortgage to see which one might be a better fit for your needs. Frequently asked questions What are the requirements for a reverse mortgage? The key requirements for a reverse mortgage include being of eligible age (62 or older, or 55 or older in some cases), having enough equity in the home and retaining full-time residence in the property. For the latter, that includes maintaining a homeowners insurance policy, keeping the home in livable condition and continuing to pay property more: Reverse mortgage requirements What are alternatives to a reverse mortgage? If you don't qualify for a reverse mortgage, you might qualify for a home equity loan, cash-out refinance and a home equity line of credit (HELOC).Learn more: Cash-out refinance vs. HELOC vs. home equity loan How do you get a reverse mortgage? If you're considering a reverse mortgage, begin by reviewing the reverse mortgage requirements to make sure you qualify. A reputable reverse mortgage lender can help you learn more about your options. In addition, consulting with a HUD-approved counselor can help you choose the best course of action for your unique circumstances. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
