RBA Could Sit It Out in July to Await Greater Clarity on CPI Outlook
Money markets have fully priced in a further reduction in the OCR, with traders seeing recent inflation data as a clear signal that the RBA has scope to cut again, and pointing to more reductions later in the year.
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6 minutes ago
- Yahoo
Rare 50 cent coin sells for $3,050 due to ‘unique' reason
An extremely rare 50 cent coin has sold for more than $3,000 at auction due to a mistake that happened during the minting process. If you spot an error on one of your coins, it could be worth more than its face value to collectors because of its rarity. The 2002 50 cent coin was mistakenly struck on a Samoan Tala coin, which is seven-sided and made out of nickel brass. The coin is thought to be totally 'unique', with no other examples of the error coin seen before. Roxbury's director Scott Waterman, who auctioned off the coin, told Yahoo Finance there was 'nothing similar' to the coin. RELATED Rare 5 cent coin worth 25,000 times its value due to 'double headed' detail Terrifying superannuation reality facing 4.3 million Australians hoping for comfortable retirement Major warning after Aussie receives random $350 payment in her bank account 'It's a different alloy as well, which makes it quite eye-catching. It's very, very unusual that one, unique as I understand it. So anything that is unique is literally there's one of it,' he said. The coin ended up selling at auction for $3,050, after being found in circulation. Waterman said the error was 'pretty crazy' and very 'unusual'. 'The Royal Australian Mint strikes a lot of other countries in the region, their coins as well. So very, very occasionally one will cross over and I think that's what's happened here,' he said. Waterman said error coins were a rare occurrence since decimal currency was introduced by Australia in February 1966, but they still exist. 'Relatively speaking, they're exceptionally rare in Australia compared to other countries and they're very well supported. We see really high prices for good error coins in Australia relative to other countries,' he said. Other coins struck on the wrong die have also fetched more than their face value. A 2000 $1 coin with its obverse struck with a 10 cent die sold at auction for $1,150 in uncirculated condition. This is known as a 'mule coin' where the coin is struck with mismatched dies on the heads and tails. Another of the $1 coins with the heads side struck on a 10 cent die fetched $375 at auction in circulated in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
an hour ago
- Yahoo
4-year-old's $1 million property gift revealed in growing inheritance trend
A Sydney couple have revealed why they decided to buy their four-year-old daughter a $1 million property rather than wait decades to give her an inheritance down the track. While it's a unique example, property experts say more parents are helping their kids get onto the property ladder as prices continue to skyrocket. Northern Beaches couple Mark and Alana recently bought a one-bedroom apartment for their young daughter, Willoughby. The couple, who both work in sales for cybersecurity firms, said they wanted to create a sort of 'insurance' policy for their daughter and try to set her up for the future now. 'I wanted to try and do something now so that no matter what happens to me, there will be something for my daughter one day,' Mark told Yahoo warning ahead of $5.4 trillion transfer as 'avoidable' money 'traps' exposed Major warning after Aussie receives random $350 payment in her bank account Terrifying superannuation reality facing 4.3 million Australians hoping for comfortable retirement 'Think of it like buying insurance. You buy life insurance and all these other kinds of insurance. This is like buying insurance for my daughter's future. 'I know that this thing's going to be rented and paid for one day and so that security is what we needed for our daughter.' The home is in the new Willoughby Grounds development, which is set to be completed in August. The couple previously lived in Willoughby, with their daughter named after the lower North Shore suburb, so they took the apartment as a said he didn't grow up with a lot of money himself, and his parents did not help him buy his first property and would not give him an inheritance when they passed. The 45-year-old said this will be the main inheritance they pass down to their daughter. He said he would prefer to give her a financial leg when she needs it rather than waiting. 'I hate the word inheritance. Waiting for someone to die is the old way of thinking,' he said. 'Let's say I live until 80. What will my daughter want to do with money when she's already made her own life and everything? 'A lot of people might disagree, but I think [you should be] giving people the help when they need it, versus one rainy day when you pass away.' Parents helping kids onto property market The couple is an example of a growing trend of parents who are stepping in to help their kids enter a surging property market. Mozo research found parents were gifting $74,040 on average to their kids to help with home loan deposits. Three in four parents who help their kids don't expect to be repaid. Australian Seniors research, meanwhile, found seven out of 10 parents over 50 intended to leave their children an early inheritance to help them get ahead. Ray White Lower North Shore director Tim Abbott told Yahoo Finance while it wasn't the norm for parents to fully buy their young kids a property, many parents were helping their kids get a head start by contributing to their deposits. 'If people are lucky enough that their families can assist them in getting into the property ladder, it's certainly a benefit,' he said. 'The cost of construction and the cost of property just keeps going up, so if they can secure something and they've got the ability to secure something and get into the market, then it's going to pay off for them financially over the long term.' Abbott said some parents were keen to help their kids get into the market now, before things get more expensive. '[They want to] overcome a bit of that escalation in price, or just lock something in today's market with further growth getting more unaffordable as time goes on for the younger ones,' he said. Couple keen to create security for daughter now Mark said the couple planned to rent out the property until Willoughby is older, with the apartment estimated to bring in $850 a week in rent. She can then use the apartment as she sees fit, whether she wants to live in it, or sell it and use it to pay for university, a car or her first home deposit. While the couple realised they are lucky to be in a position where they can buy a property for their daughter, the 45-year-old said it wasn't easy. 'My wife and I have to find an extra $2,500 a month between us to cover the difference of the mortgage and rent. That's not easy for any family,' Mark said. 'But it's easier to us to make that sacrifice now, than it is in 16 years from now. Now's the time we can actually do things in our life to make more money versus then.' While their daughter will no doubt be extremely thankful for her parents' decision in the future, for now, Mark said she has a typical four-year-old reaction to the news. 'We talked to her about these things, but does she remember it? Sometimes she just gets confused about what happened at daycare the day before," he said. "But her reaction is good, and then it fades very quickly."Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Investing in Cedar Woods Properties (ASX:CWP) three years ago would have delivered you a 108% gain
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. Just take a look at Cedar Woods Properties Limited (ASX:CWP), which is up 80%, over three years, soundly beating the market return of 22% (not including dividends). On the other hand, the returns haven't been quite so good recently, with shareholders up just 62%, including dividends. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Cedar Woods Properties was able to grow its EPS at 29% per year over three years, sending the share price higher. This EPS growth is higher than the 22% average annual increase in the share price. So one could reasonably conclude that the market has cooled on the stock. We'd venture the lowish P/E ratio of 11.71 also reflects the negative sentiment around the stock. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We know that Cedar Woods Properties has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts. What About Dividends? When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Cedar Woods Properties the TSR over the last 3 years was 108%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! A Different Perspective We're pleased to report that Cedar Woods Properties shareholders have received a total shareholder return of 62% over one year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 13% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Cedar Woods Properties , and understanding them should be part of your investment process. Of course Cedar Woods Properties may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
