Campervans, trail bikes and boats and Christmas hasn’t even arrived yet
Amid the reality of a recession, Outsider continues to be surprised by which segments of the economy are doing well and which are not.
For instance, he has seen data showing that campervan verification requests grew by a third, with motorcycle and trailer verifications also showing growth and even sales of those money pits better known as boats apparently on the increase again.
Now in these recessionary times, with zombie companies quietly lurching out into the open and with more jobs likely to go as Government support mechanisms such as
JobKeeper are removed, Outsider is loathe to suggest that any of the market action around campervans, motorcycles or boats has anything to do with early release superannuation.
And he does note that the latest Australian Prudential Regulation Authority data suggests that the level of demand for superannuation early release is beginning to taper off.
But perhaps the real measure will be a little closer to Christmas.
Outsider and a few superannuation fund executives of his acquaintance are predicting a spike in early release requests leading up to Christmas. Why? Because you’ve got to pay for the gifts and the holiday accommodation somehow.
AUTHOR
Industry Expert
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