The numbers you need . . .
... is how long it takes the typical home owner to reach the point where more of their mortgage repayment is paying off the principal than interest. It reinforces the importance of repaying more than the minimum, says mortgage broker Smartline.
... is the net financial wealth per Australian household in the March quarter. Over the past decade, per capita wealth has more than doubled.
44.6 per cent
... is the percentage of ASX-listed shares held by foreigners in the March quarter — down on last year's high of 46.8 per cent.
The numbers you need ...
79 per cent
... is the consumer satisfaction score for the big four banks in May — a 17-year high. One reason was increased satisfaction among the banks' home-loan customers, Roy Morgan Research says.
... is the estimated loss made by central banks thanks to the fall in gold price. The price of bullion has slumped 34 per cent since its peak in August 2011. The total value of gold held in central bank vaults is now $1.3 trillion, down from $2.1 trillion at the market peak. Demand for gold has risen since 2000, due mainly to developing nations using new-found wealth to fill their reserves with bullion. Increased popularity of gold jewellery, particularly in India, also helped.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
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