It’s the first day of a New Financial Year so we found the forecast for shares, property and super.

Michael Pascoe on the economy: "There is a fair degree of confidence now that we've seen the worst of it."

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SUPER

Jeff Bresnahan on widespread super losses: "It's reduced all our earnings back to 2006. In the long-term, super's held up pretty well."

Super returns for the last five years

• 2009 -12.91%
• 2008 -6.4%
• 2007 15.7%
• 2006 14.5%
• 2005 13.1%

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HOUSING

Tim Lawless on housing: The fundamentals are stacking up thet awe should see month on month growth. I don't believe it's artificial (due to first home buyers' bubble) It is a broad cross-section of the market."

Housing prices over the last year

• May up 0.9%
• Jan-May 09 up 3.9%
• 12 months 1.6%

Housing prices by capital city

• Sydney up 5.2% to $529,785
• Melbourne up 6.1% to $443,811
• Brisbane up 2.6% to $432,101
• Adelaide up 0.5% $396,839
• Perth down 0.5% to $468,052
• Darwin up 5.5% to $444,846
• Canberra up 2.1% to $460,309

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TAX

Michael Pascoe on tax cuts: "Main component of tax cuts is for those earning mroe than $100,000." 

What the tax cuts mean for you

Income      Tax Cut

$30,000      $0

$60,000      $2.88 a week

$100,000    $10.58

$150,00      $29.81

$180,000    $41.35

Education Refund

• Family Tax Benefit Part A
• Up to $375 per primary school child
• Up to $750 per secondary school child

Medicare Surcharge

Threshold increased to:

• $70,000 for individuals
• $140,000 for families

More info

Yahoo!7 MONEY MATTERS