The major banks and miners combined to drive the Australian share market to a 23-month high as investors ignored soft iron ore prices and flat earnings forecasts. The S&P/ASX 200 index continued to outpace other global markets as it climbed 52.3 points, or 0.9 per cent, to 5873.5 as investors shrugged off last week's disappointment over US healthcare policy and remained optimistic over the global reflation narrative. The Australian dollar bounced US0.5¢ from its overnight lows to US76.40¢.


What this means for you:
With the current wet weather, people who have their house in order won't have anything to worry about in terms of leaks and property damage. But when was the last time you really got your "financial house" in order? Is everything working as well for you as it possibly can be? This includes your investments, your savings accounts, your loan structures, estate planning, and of course insurances. Your "financial house" is what pays for the physical house, so make sure you review it regularly.

Are interest rates on the way up? We don't know for sure, but if they are, it may mean property prices will also cool off a little. So, all is not lost if you miss out on the lower interest rates, as you may be able to pick up a new property at a reduced price. Sometimes there is a silver lining.