2019 has been a year of unexpected outcomes.
 
On reflection, if you’d told me 12 months ago that we were going to have three interest rate cuts, Scott Morrison was going to win the election, and the property market was going to boom, I simply wouldn’t have believed you.
 
And yet, here we are.
 
2019 has brought three interest rate cuts, leaving us at all-time lows, and I’m expecting two more cuts in 2020.
 
2019 brought us a Scomo election victory that dusted fears around changes to negative gearing and franking credits, and brought with it tax relief.
 
2019 brought us a year of change and innovation, with services like HaloGo now delivering fuel to your doorstep on-demand, and Malvern Auto Tech doubling its car servicing business due to the enormous number of ride-sharing cars now on the road.
 
What 2019 didn’t bring however, was cost of living relief. Sure, you might feel a little wealthier because you’re paying a bit less mortgage interest to the bank, but in real terms the cost of energy, fuel and other essentials has risen, while wages have remained stagnant at best.
 
Similarly, the relief that’s come from the three interest rate cuts hasn’t flowed into investment in businesses, job growth or wage rises. Instead, it’s flowed straight into the property market, with clearance rates soaring once again and property values ballooning.
 
2019 has been a year of unexpected twists and turns, and I’m very much looking forward to seeing what 2020 will bring!
 
This week marks the last episode of Let’s Talk Business for the year and also the final Guru News. Thank you all for your support, and if you want to catch up on any LTB episodes, check out the back-catalogue of podcasts.

From our family to yours, we wish you a very merry Christmas, a happy and safe new year, and we look forward to working with you again in 2020!