Cornish Wealth Management

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Cornish Wealth Management 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.

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.

I was very interested to observe that many businesses at the Perth Royal Show were offering discounts to cash.
03/10/2026

I was very interested to observe that many businesses at the Perth Royal Show were offering discounts to cash.

01/10/2026

Households are being hit three ways, not two. Higher fuel. Higher mortgage repayments. And the cost of everything else, which is about 25% above where it sat five years ago.

That last one is the part people underestimate. Inflation coming down doesn't mean prices come back down — it means they stop rising as fast. The 25% is permanent.

Which of the three is hurting most in your household?

29/09/2026

The RBA named three things behind this month's rate rise. Two were predictable. One wasn't.

Middle East instability pushing up fuel costs. Capacity constraints at home. And the global AI boom, which is soaking up both capital and skilled workers.

That last one doesn't usually make it into a conversation about Perth mortgages.

Which of the three do you think matters most?

29/09/2026

Four rate rises this year. On the average Perth owner-occupier loan of $730,000, that's about $450 a month more than you were paying in January.

Not the kind of increase most budgets absorb quietly.

Have you run the numbers on yours yet?

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

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