Double digit super returns for 2024

Superannuation returns are set to end 2025 in solid double digit territory, according to the latest data from SuperRatings.

The data reveals that, as expected, returns were solid in November underwritten by international equities, particularly US shares in the wake of the Presidential election.

The company is now estimating a calendar year return of 11.4% for the 11 months to the end of November.

SuperRatings said it estimated that the median balanced option returned 2.4% to members over November.

SuperRatings executive director, Kirby Rappell noted that share exposure was the factor which drove super returns last month.

“Members invested in options with higher exposure to shares benefited from the strength of the market,” he said.

“2024 has been a stronger year for members than anticipated. Total superannuation balances have now topped $4 trillion as at the end of September and so far, April is the only month where funds haven’t provided a positive return to members invested in the median Balanced option.”

“The estimated monthly returns pushes the calendar year return into double digits, with the median balanced accumulation product estimated to return 11.4% for the first 11 months of 2024,” Rappell said.

“For pension members, the median balanced pension product is estimated to return 12.8% for the 11 months to 30 November 2024.”