The Hudson Report For May

With May coming to an end, winter is officially upon us next week. For our Victorian clients entering a 7 day lockdown, at least you don't need an excuse now to stay home and snuggle up out of the cold! Let's hope we see an end to this virus in the not too distant future. The vaccination debate has featured heavily this month, as has property.

Property is still a hot topic. House prices have recorded the sharpest increase since 2003 and on the back of low interest rates and limited supply, this is expected to continue into 2022. Westpac has tipped the residential property market to continue to rise by 15% this year, before slowing to 5% next year. We are not at the bottom of the property (or sharemarket) cycle. It's hard to pick the bottom of cycles, but any client who started out with Hudson nearly 30 years ago will know that Hudson was founded on the fundamentals of the economic clock. Although more suited to the 80s and 90s, the economic clock illustrates well the different cyclical nature of investments and highlights how cycles always come back around. Property is a long-term investment. The clients that have made the most money out of real estate have held their properties for 15 years or more and have built on their portfolios over time. With this strategy it is very hard to go wrong. Make sure that when you factor in the costs to hold the property that you incorporate the higher interest rate environment that we will all be facing in a few years.

As with anything financial, make sure you run your plans past your Hudson adviser to see where they fit with your long-term strategy. Your adviser is there to make sure you stay the course and to help you find value in this bull market.

Your end of financial year tax planning should be underway. Here’s a link to Hudson accounting referral if you need a new tax partner. Don’t forget to make time to talk to your Hudson adviser if you haven’t already. Our Senior Advisers are almost fully booked out until the end of financial year so call Matt Paul soon if you need to speak with them.

Another shout out for Hudson’s property email group. Here’s a link to our last group email. Subscribe here if you’d like to be included in these emails. Next month I will feature Commercial property in one of our property blogs.

If you missed Kris’ article on the budget adviser brief, read here.

Click further below to see Matt cook up a curry on YouTube!

Matt Paul started working for Hudson back in 1999. He is the longest standing Hudson employee. In fact, he is more like family than an employee. Matt has been through numerous changes within the industry and has added so much value to Hudson and to me as a friend, that for everyone who knows him, Matt Paul really is Hudson. So we asked the staff…who is Matt Paul? Here is what they said:

Matt is like my comfort blanket

Matt is the voice of Hudson

Matt is the most loyal and hard working friend and is always happy

Matt lifts the energy of the office

I miss Matt when he’s on holidays

Matt is the go- to for anything Hudson history related

Matt was promoted this year to our Chief Operations Officer and we are so grateful to have him on our team.

Matt grew up in Warren, Central NSW and now lives on the South Side of Brisbane. He has 4 siblings and they are about to celebrate his Mum's 90th Birthday. Matt is married to the beautiful Ulrike, and they are currently renovating their abode.

Matt is an excellent photographer and in his spare time (of which we haven’t let him have much of lately) you will find him at weddings and photographic shoots. Matt is also a big foodie and is one of the healthiest people I know. His cooking is legendary and we’d like to share with our clients a YouTube special of our very own Matt Paul cooking up a curry with his good friend Chef Janine.

General Advice Warning: Information contained herein is general financial product advice and does not take in to account individual situations, needs or goals. It should not be relied upon and persons should satisfy themselves through independent means that any decisions based on this material are appropriate. We recommend that you consult with your qualified and licensed Hudson Adviser who will be able to make a recommendation based on your specific circumstances.

Disclosure: Hudson Financial Planning is not a stock broker. The research for our stock recommendations is collected from various sources: Intelligent Investor, Morning Star, Ord Minnett, ABN Amro Morgans and Citigroup. Employees of Mainview Securities Pty Ltd currently hold shares in the following ASX Codes: ASX Codes: CAJ, EWC, HSN, NAB, QBE, TLS, VRT, GXL, FLT, PDL, AD8, VHT, MVP, ALQ - Managed Funds APIR Codes:- FSF0041AU, FSF0035AU, FSF0264AU, FSF0877AU, FSF0876AU, FSF0877AU, FSF0090AU, FSF0873AU, FSF0924AU, FSF0244AU, FSF0228AU, FSF0873AU, FSF0795AU, FSF0043AU, FSF0505AU, FSF0220AU, FSF0233AU, FSF0409AU, FSF0484AU, FSF0468AU, FSF0469AU, FSF0891AU, FSF0892AU, FSF1085AU, FSF0969AU. This is not a recommendation.

Copyright & Disclaimer: The content in the Hudson Report is written by a Hudson Adviser and edited and created by The Hudson Editor. The views expressed in any article are those of individual advisers and do not necessarily reflect the views of Hudson Financial Planning. The material provided in the Hudson Report and on Hudson Financial Planning website by Mainview Securities Pty Ltd, is copyright protected. As this information is copyright protected, it is not for redistribution. Any requests to use the information provided for commercial use may be directed to - The Hudson Report Editor. The Hudson Report Online is published by Hudson Financial Planning, trading under Mainview Securities Pty Ltd, Australian Financial Services Licence No. 241177.