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đ 467,000 Aussie businesses face succession crisis | NRL announces Australia's largest media deal
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The Big Picture
467,000 Aussie small businesses face succession challenges. A PwC survey found that 1.4 million business owners will retire by 2036, with one third of them having no succession plan. One major issue is a lack of a successor â 30% of family businesses reported the next generation is not interested in taking over. (AFR)
Australia demands answers following Chinese missile test. A Chinese submarine launched a nuclear-capable missile in the Pacific on Monday, the same day Australia signed a major defence deal with Fiji. Prime Minister Albanese and Defence Minister Marles called the move âfundamentally destabilisingâ and made a direct protest to Beijing. (AFR)
High earners take advantage of 5% mortgage scheme. Since Labor removed income caps on the Home Guarantee Scheme, nearly 14,000 previously ineligible high-earning borrowers have accessed the scheme. This includes nearly 1,000 single borrowers earning over $200,000 and 1,251 couples collectively earning over $275,000. (Guardian)
Australian economy faces slowdown, property correction. Deloitte has slashed its forecast for Australian GDP growth to just 1.3% for the year, pointing to high inflation, insufficient investment and poor productivity as the causes. In housing, ANZ, NAB, and HSBC are predicting national house prices will fall by 8-10% by the end of 2027. (ABC | AFR)
Germany plans âŹ838bn debt spree to fund defence build-up. The nation has exempted defence spending from its constitutional debt cap, opening the door for heavy defence borrowing. Finance Minister Lars Klingbeil defended the expensive rearmament, stating âWe cannot defend ourselves against Putin with a balanced budgetâ. (FT | France24)
Companies in the news
NRL announces largest broadcast deal in Australian history. The league has signed a seven-year, $5.3 billion deal that will see Nine and Foxtel retain their existing NRL media rights, with Foxtel providing the majority of funding. The deal surpasses the AFLâs $4.5 billion media deal and is the largest media rights deal in Australian history. (AFR)
KOSPI sells off despite Samsungâs 1,800% profit growth. Samsung, Koreaâs largest company, announced an expected quarterly profit of US$58 billion, an 1,800% increase year-on-year. However, new political scrutiny of the bubbly Korean market has spooked investors, and trading was halted yesterday after the index plummeted over 8% in under two hours. (BBC | Reuters)
WiseTech soars 11% as embattled chairman steps down. Billionaire chairman Richard White will step down amid human trafficking allegations, his second resignation in as many years. Investors were glad to be rid of the drama, driving the stock up 11% before noon. (AFR)
Microsoft cuts 4,800 jobs amid Xbox overhaul. The layoffs represent roughly 2% of the company and will mostly come from the Xbox division, which has been heavily impacted by a post-pandemic console slowdown and rising chip costs due to AI demand. (FT)
India takes aim at Meta over child sexual abuse material. This follows a BBC investigation that found Instagram was running paid advertisements offering links to purchase CSAM in India. India has demanded all ads and content containing CSAM be removed from Instagram and Whatsapp. (CNBC)
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Germany cracks down on sickies
Europeâs largest economy seems to have some very sick workers, as the average German employee took 19.5 sick days in 2025. Germany is cracking down as a part of new productivity reforms, now requiring a doctorâs note from day one of an illness.
Germany has some of the highest leave entitlements in the world, including up to six weeks of fully paid sick leave. In contrast, Australians are entitled to 10 federally mandated sick days, and most Australians donât take all 10. (ABC)
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Getting into geared ETFs
Financial adviser Matt Ingram from Northhaven had an answer for community member Mitchâs question on geared ETFs.
Iâm looking to rebalance and restructure my portfolio, what are my options around gearing, whether itâs GGUS, GEAR, or G200.
Matt: When it comes to leverage, there are a lot of products, as you know, that are on the market now to allow you to invest in shares with some gearing. There is some research out there that suggests that there is an optimal point in terms or an optimal level of gearing. As you go beyond that point, the cost of gearing and the impact of the volatility can start to impede on your returns.
Now, most product providers are aware of this sort of information, and so they're building these geared products to be at that more efficient level. Something like GHHF, which from memory is about 30 to 40% gearing. It's a bit of a sweet spot there. So I would say something like that where you know they're targeting the right amount of gearing and it's all in one. It's simple. Set and forget. GHHF is probably a pretty good go- to option for someone in a similar position..
Want to work with an adviser like Matt to get into geared ETFs? Fill out the form on our website and weâll match you with one of our hand-picked advisers to help you get started.
