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 from APPLE , SPOTIFY , or anywhere you listen to podcasts. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.