The Coalition has pledged to give young Australians access to up to $50,000 in their retirement savings to get a toehold in the housing market. Super funds say it will only further inflate property prices.
Listed property, which found investor favour in 2024, is better positioned to weather market volatility with institutions eyeing improving valuations and development opportunities. For overseas players, a weaker Australian dollar is a bonus.
Mercer recruits for trust sales
(Pictured: Wes Palmer)
After 15 years in asset servicing and custody, Wes Palmer has transitioned to broader investment sales and marketing, taking up a position at Mercer as a principal in the financial services division.
The Melbourne-based position involves sales for the $17 billion Mercer super trusts, corporate super and administration.
Palmer, a former British army officer, spent the past five years at RBC Investor Services and the previous 10 years at NAB Asset Servicing, both as a senior sales executive.
RBC closed its Melbourne office last October and the staff who did not want to move to Sydney were made redundant. Palmer was retained, however, until the end of January to tidy up some loose ends with two new deals for the firm.
