Author: roymorgansocial

Australians’ net wealth shows long term gains

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

The second edition of the Roy Morgan Wealth Report shows that the value of assets held by Australians has almost doubled from 2007 to 2019 (up 96.0%). This is faster than the increase in debt of 78.6% over the same period. As a result, net wealth is now 98.7% higher in 2019 than it was in 2007. Even after allowing for population growth and inflation, the average Australian is better off. The second edition of the Wealth Report focuses particularly on how net wealth has changed since just before the onset of the global financial crisis. Australia performed very strongly over the past 12 years compared with other OECD nations – particularly in Europe, where many nations went backwards over the same period. The report is drawn from over half a million in-depth face-to-face interviews conducted in Australians’ homes over the period from 2007 to 2019.

CORPORATES
ROY MORGAN LIMITED

Business Confidence virtually unchanged at 114.7 in June

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

In Australia, Business Confidence rose 0.3pts (+0.3%) to 114.7 in June 2019, according to the latest Roy Morgan Business Single Source survey, after an 11.2% jump in May. Business Confidence has now increased to its highest level since May 2018 (117.1). Now 53.9% (up 9.4ppts) of businesses expect the business to be ‘better off’ financially this time next year (the highest figure for this indicator since April 2018), while just 14.1% (down 1.6ppts) expect the business to be ‘worse off’ financially this time next year (the lowest figure for this indicator since April 2016). Meanwhile, 49.5% (up 2.1ppts) of businesses expect the Australian economy to have ‘good times’ over the next year, while 39.7% (down 1.6ppts) expect the economy to have ‘bad times’. However, just 41.2% (down 10.1ppts) of businesses say the next year will be a ‘good time to invest in growing the business’, while 43.4% (up 7.4ppts) say it will be a ‘bad time to invest’.

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ROY MORGAN LIMITED

Australians’ wealth improving across all levels

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

The second edition of the Roy Morgan Wealth Report shows that net wealth per capita in Australia has increased by 65.1% since 2007, with gains across all balance levels. The average per capita increase for the lowest value 50% (Quintiles 1 to 5) of the population was 55.0%, while the average increase for the highest value 50% (Quintiles 6 to 10) was 65.5%. The report also shows that the wealthiest 10% of Australians (with an average net wealth of over $2 million, up by $811,000 from 2007), hold 47.9% of net wealth. The poorest 50% of Australians (with an average of $31,000, up by $11,000), who despite gains, have seen their total share of net wealth fall from 3.9% to 3.7%. The report is based on over half a million in depth face-to-face interviews conducted in people’s homes over the period from 2007 to 2019 across Australia.

CORPORATES
ROY MORGAN LIMITED

Bauer dominates in four of Top 10 Magazine categories

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

Analysis of Roy Morgan’s readership results for the 12 months to March 2019 shows that Bauer Magazines is the most widely read magazine publisher in four of the Top 10 Magazine categories: Mass Women’s Magazines, Motoring Magazines, TV Magazines and Women’s Lifestyle Magazines. Bauer is a Top 3 publisher in a total of eight of the Top 10 categories, which also includes Food & Entertainment Magazines, Home & Garden Magazines, Health & Family Magazines and Women’s Fashion Magazines categories. Other publishers to perform well include Medium Rare (which is the most widely read publisher for Food & Entertainment Magazines and Business, Financial & Airline Magazines) and Pacific Magazines (which is the most widely read publisher for Home & Garden Magazines and Health & Family Magazines).

CORPORATES
ROY MORGAN LIMITED, BAUER MEDIA AUSTRALIA PTY LTD, MEDIUM RARE, PACIFIC MAGAZINES PTY LTD

Almost 14 million Australians have Subscription or Pay TV

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

New research from Roy Morgan shows that 13,975,000 Australians aged 14+ now have access to some form of Pay TV/Subscription TV or Subscription Video on Demand (SVOD), up 7.9% on a year ago. Nearly 11.5 million Australians now have a Netflix subscription in their household, up by 17.6% on a year ago, while Stan is now accessible by nearly 2.9 million Australians, up by 43.2% in the last 12 months. Other Pay TV/SVOD services to have grown quickly over the past year include Amazon Prime Video (+130.7%), YouTube Premium (+37%) and Fetch (+20.9%). Meanwhile, analysis using Roy Morgan’s Helix Personas consumer segmentation and data integration tool shows that Netflix has a strong appeal to Australians from all walks of life, while traditional Pay TV provider Foxtel is more popular with families than with other psychographic segmentations.

CORPORATES
ROY MORGAN LIMITED, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, AMAZON PRIME VIDEO, YOUTUBE PREMIUM, FETCHTV PTY LTD, KAYO SPORTS, FOXTEL MANAGEMENT PTY LTD

RBA to cut twice more, say economists

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Original article by Patrick Commins
The Australian Financial Review – Page: 1 & 18 : 1-Jul-19

A quarterly survey of economists shows that there is a widely held expectation that the Reserve Bank of Australia will reduce official interest rates two more times during 2019. This would reduce the cash rate to 0.75 per cent, but David Plank of the ANZ Banks says further rate cuts could be necessary, depending on the outlook for the global economy and the Australian dollar. David Bassanese of BetaShares says the RBA would be unlikely to take the cash rate below 0.5 per cent, and it would probably opt for quantitative easing instead. Many economists expect a rate cut on 2 July.

CORPORATES
RESERVE BANK OF AUSTRALIA, BETASHARES CAPITAL LIMITED, ST GEORGE BANK LIMITED, BIS OXFORD ECONOMICS PTY LTD, AMP CAPITAL INVESTORS LIMITED, MOODY’S ANALYTICS AUSTRALIA PTY LTD, RBC CAPITAL MARKETS, DEUTSCHE BANK AG, INDUSTRY SUPER AUSTRALIA PTY LTD

ANZ-Roy Morgan New Zealand Consumer Confidence up 3.3pts to 122.6 in June

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-Jul-19

ANZ-Roy Morgan New Zealand Consumer Confidence rose 3 points to 123 in June 2019, unwinding most of last month’s fall to sit a bit above its historical average. The Current Conditions Index rose 2 points to 128, while the Future Conditions Index rose 4 points to 119. Consumers’ perceptions of their current financial situation rose 5 points, with a net 15% of New Zealanders feeling financially better off than a year ago. A net 29% of consumers expect to be better off financially this time next year, up 6 points. Meanwhile, a net 12% of consumers expect economic conditions to improve in the next 12 months (up 5 points), and a net 40% of consumers think now is a good time to buy a major household item (down 3 points).

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Tax fight left rare earths miner on the brink

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Original article by Paul Garvey
The Australian – Page: 17 & 20 : 1-Jul-19

Northern Minerals has spent $210m to date on its Browns Range rare earths project in Western Australia’s East Kimberley region. MD George Bauk says a dispute with the Australian Tax Office over a $10.8m research and development tax rebate nearly saw the company collapse in early 2019. The ATO also demanded that Northern Minerals repay $13.4m worth of previous R&D rebates. Bauk maintains that the Browns Range processing plant is an R&D site, as the technology it uses is still being developed and improved.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIAN TAXATION OFFICE, LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES

Stranger Things: Netflix and the challenge of tax in a digital world

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 1-Jul-19

The federal government has introduced laws in recent years that aim to ‘claw back’ revenue that international businesses such as Google and Netflix earn from Australian consumers and businesses. However, the laws’ effectiveness could be called in question in the case of Netflix; it is generating hundreds of millions of dollars in revenue in Australia, but that revenue is being booked by a company based in the Netherlands. A Netflix spokesperson notes that its financial practices comply with Australian and international tax laws. Roy Morgan has estimated that 11.3 million Australians were using Netflix in the three months to February.

CORPORATES
GOOGLE INCORPORATED, NETFLIX INCORPORATED, NETFLIX INTERNATIONAL BV, NETFLIX AUSTRALIA PTY LTD, ROY MORGAN LIMITED, FACEBOOK INCORPORATED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Capitals hit bottom of property cycle

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Original article by Duncan Hughes
The Australian Financial Review – Page: 3 : 1-Jul-19

Valuation company Herron Todd White contends that Melbourne, Perth, Darwin and Brisbane are at the bottom of the residential property cycle, and that Sydney is not far off getting there. On the other hand, Canberra, where there is a shortage of property, is at market peak. HTW’s assessment comes as a majority of economists predict that the Reserve Bank will cut cash rates for the second month in a row, even though rates are already at a record low.

CORPORATES
HERRON TODD WHITE AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA