Tax cuts start today, tech stocks lead ASX to strong year, house prices boom

Monday 1 July 2024

Tens of billions of dollars of tax cuts and higher superannuation contributions kick in today, at the start of the new financial year. 

And more, including:

• The S&P/ASX200 finishes the last financial year up eight per cent with tech stocks leading the way. 
• Perth, Brisbane and Adelaide take the gongs for strongest house price growth. 
• Nike, the world’s largest sportswear company, downgrades its earnings outlook on the back of waning demand

Plus don’t miss the latest episode of How Do They Afford That? - should you join an investment club? Get the episode fromAPPLE,SPOTIFY, or anywhere you listen to podcasts.

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