Maggie Tagg, who writes Citadel 'Financial Info on the Go' for GSA, says the falling Aussie dollar, improved technology and facilities drive a resurgence in interest in back-to-nature, basic camping getaways.
Caravan and Camping Industry of Australia CEO Stuart Lamont supports that view and says camping holidays appeal most to under 50's with young people and families with kids keen to escape to nature from urban stresses.
Caravan registrations are higher than any other recreational vehicle type in the last two years, Lamont says. The getaway to camping thrust is drawn to Western Australia, Tasmania and the Northern Territory. People over 50 remain the group most likely to stay in a caravan, campervan or motorhome when they take an Australian holiday.
Super duper long-term concessions signpost retirement direction
According to the research firm SuperRatings, the median balanced super fund returned 9.6 percent in the 2015 financial year and 9.11 percent a year over the past five years. "Balanced" means 60 percent is invested in shares and other growth assets with the remainder in cash and fixed assets.
The consensus among economists and commentators is that local shares are experiencing a correction, not a crash. When share prices fluctuate wildly remember you are investing in companies, not abstract prices. Despite the challenging conditions companies lifted dividends by about 8 percent on average.
Australian shares offer substantial rewards for investors in quality companies who stay the course.
Things are heating up on the global economic front. In the United States, second quarter growth has been revised up to an annual rate of 3.7 per cent, well ahead of the initial estimate of 2.3 per cent.
Corporate investment, consumer spending and the US housing market have also strengthened. Whether this is enough to allow the US Federal Reserve to begin lifting interest rates remains to be seen, particularly since China has been aggressively lowering its rates, but in the short-term it has helped stem the selling on Wall Street.
Australian shares rallied towards the end of August after a month of volatility that began in Shanghai and reverberated around the globe. The Aussie dollar breathed a sigh of relief and finished the month above its August lows at around US72c.
The big surprise was the strong rebound in oil prices, prompted by recovering share prices and reduced supply. After falling 30 per cent since July, Brent crude surged more than 10 per cent on August 28 - the biggest one-day gain since March 2009.
Editors Note: Maggie Tagg is an Associate Financial Planner, who holds an Advanced Diploma of Financial Planning. General.
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