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Cornish Wealth Management

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Mount Lawley, WA
Cornish Wealth Management

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Perth Financial Planners
https://x.com/PerthPlanner
https://perthfinancialplanning.com.au Australian Financial Services Licensee No 436740.

Cornish Wealth Management specialises in providing advice to both private clients and small to medium enterprises. We offer the experience and sophistication of a large, institutional firm, with a level of attention and client service only an independent, employee-owned company can provide. We understand that each client has their own unique needs and that by consulting with us they give us their trust and confidence. In return we ensure a full understanding of their position before carefully considering the options available and making any recommendations. Cornish Wealth is authorised to provide financial advice through CWM Perth Financial Planning Pty Ltd ATF AFSL Trust ABN 24 522 756 593.

30/10/2026

The RBA chooses its words carefully, but the message isn’t ambiguous: government spending is adding to demand in an economy that’s already stretched.

Demand is demand, whether it comes from a household, a business or Canberra. And when there’s too much of it, the RBA has only one lever — interest rates. Which means households absorb the adjustment regardless of where the demand came from.

29/10/2026

Two things drove September’s inflation figure: fuel, up 9.4% in the month, and housing.

But you can’t pin it on those two alone. Trimmed mean inflation was up as well — and trimmed mean strips out the most volatile items in the basket. When that’s still rising, it tells you price pressure is broad across the whole economy.

Which comes back to the same thing: demand is running ahead of what the economy can actually produce.

29/10/2026

Unemployment is edging up, but nowhere near the job losses and collapse in spending you’d need before a recession is imminent. That’s why the RBA isn’t forecasting one.
But for Australians whose cost to service an average home loan has nearly doubled in four and a half years — through higher house prices and higher rates — while inflation outran their wages, the official position is beside the point. They’re in a household recession already.

29/10/2026

The RBA says there’s no recession on the horizon. For households whose mortgage costs have nearly doubled in four and a half years, that’s not how it feels.

14/10/2026

A common misconception: the poverty line isn’t about being out of work or without a home.

It means that after you’ve paid rent or the mortgage, you have less than half what comparable households have left to spend. In WA, a family with a child in poverty is around $224 a week short of that benchmark — the largest gap in the country.

That’s where the impossible decisions start: food, rent, or the kids’ school costs.

Source: Bankwest Curtin Economic Centre 2026 Poverty Snapshot.

13/10/2026

15% of Western Australians are now living in poverty, including 99,000 children — in the most prosperous state in the country. Most of it comes back to housing.

08/10/2026

Workers are earning more. They’re just not getting to keep much of it.

Since the end of 2022, a typical household gained about $109 a month in real take-home income—while the typical worker’s debt payments climbed $57.

That means more than half of every new dollar went to debt before workers could spend it on anything else. In two-income households, rising debt payments can erase the entire gain.

The Century Foundation and Protect Borrowers have a new report showing debt payments growing more than 8x faster than household income gains.

If you’re wondering why rising wages haven’t translated into feeling more economically secure, start here.
https://bit.ly/4hKntSH

07/10/2026

Migrants overwhelmingly rent when they arrive. So cutting migration reduces demand for rentals, and all else equal rents should fall.

House prices are a harder call — they're driven by interest rates, the recent capital gains tax and negative gearing changes, and supply. Migration is one input among several.

Are you seeing any movement in rents where you are?

07/10/2026

Migration grows the economy — more workers, more consumers, higher headline GDP.

But GDP per capita is the number that tells you whether people are actually better off. In Australia it's fallen in 10 of the last 16 quarters.

Which number do you think politicians should be quoting?

06/10/2026

Migration grows the economy. It doesn't necessarily make Australians richer — GDP per capita has fallen in 10 of the last 16 quarters.

Address

6/39 Railway Parade
Mount Lawley, WA
6050

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+61861433792

Website

https://www.perthfinancialplanning.com.au/

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