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Australian Finance Podcast

How much does childcare cost in Australia? [👶🏼 Family Finance]

Dec 4, 2024
In this enlightening discussion, Siobhan Ashby, a financial advisor from North East Wealth, sheds light on the complexities of childcare costs in Australia. She breaks down how expenses vary with household income and explains the impact of government subsidies. Personal anecdotes reveal the emotional stress families face when navigating daycare decisions. Siobhan also emphasizes the importance of timely applications for financial assistance and provides budgeting tips for families looking to balance care and costs effectively.
26:14

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Childcare costs in Australia can average around $153 per day before subsidies, heavily influenced by household income and subsidy eligibility.
  • Parents must balance childcare expenses against their potential career growth, often leading to tough decisions about work and financial sustainability.

Deep dives

Quality Control in Investment Choices

AQLT, or the BetaShares Australian Quality ETF, adopts a rigorous approach to selecting stocks based on three critical metrics: return on equity, low debt, and earning stability. This strategic selection process ensures that the ETF comprises only high-quality Australian companies, offering investors a solid foundation for their portfolios. By focusing on these quality controls, AQLT aims to deliver reliable performance and minimize investment risks. Thus, this ETF serves as an excellent option for those looking to enhance their core Australian equity exposure with quality-centric investments.

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