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RBA Cash Rate May 2023: Banking Woes, RBA’s Close Call & Property Inflection Point

The temperatures are dropping, the end of the financial year is looming and the Reserve Bank of Australia have just released their cash rate folks!  

The RBA’s May update is packed with global news, from Banking Woes in the US to the train wreck that is the UK economy, I also cover the Property Market Inflection Point and deep dive into a Rental Yield Analysis. 

Tune in now to hear Ben’s evaluation of the latest update as he unpacks these key themes:     

  • Another banking issue in the US  
  • The RBA makes another close call today? 
  • I’ll also touch on the release of the RBA review 
  • And in my property update, I’ll talk about the current inflection point in the market, plus I’ll do a deep dive on rental yields 

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

Plus, Ben also includes his latest news and commentary on…

👉 The latest inflation data and what we have learned from it 

👉 Property rental increases and how they are putting further upward pressure on inflation 

👉 Employment data now as we see it 

👉 Consumer sentiment now after seeing 11 straight rate rises 

👉 Business data and how trading conditions have improved 

👉 Latest property data including housing credit growth, building approvals & property value results  

👉 And heaps more! 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend that you organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log into Moorr, your Money SMARTS Platform here, and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

439 | HELP! What To Do When You’ve Got No Buffer Left…

With Australia’s 11-month interest rate hike finally at an end, we’re sure many are feeling the strain from larger debts, lower cashflows, and heavily hit buffers. That’s why the theme of today’s Jam-packed Q&A Day is all about… 

Bouncing back!   

Yep. In today’s episode, we’re covering exactly how to reposition and recover when interest rates have nearly wiped out your entire buffer! 

From making your reduced “rainy day” money last to Ben’s Golden Buffer Ratio (plus a behind-the-scenes look at how our experienced team of planners do it), we’re sharing how to bunker down and hold for the long-term as the market bottoms out (which we reckon is happening NOW!) 

And of course, like all gigantic Q&A Days, we’re not just unpacking how to bounce back from tough economic conditions but deep diving into how folks can rebound and empower themselves from… 

Dodgy Buyers Agents: What to do once the papers have been signed, the dust has settled and then…you realise your Real Estate agent was the property owner!?!   

 (And if that isn’t heartbreaking enough…this investor saved for 10 years to afford this deposit 🙁) 

Dealing with Divorce Settlement: Three investment properties and a Principal Place of Residence together?! What is the best path forward for Michael???  

 Plus, we answer: How much taxation knowledge should a Buyers Agent really have?!  

Another massive episode that looks at the many ways investors can rebuild and restart again; tune in now for some timely wisdom!  

 

Tune in now or watch the episode below 😊 >>

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 The incoming gold today! 
  • 1:26 Winners are grinners…😉  
  • 4:09 New updates to Moorr & check out our social refresh on Instagram & YouTube 
  • 8:02 – Mindset Minute: Warren Buffet,“I’ve never been a good judge of the markets…” 
  • 17:51 – Q1) Help! This Buyers Agent Didn’t Disclose Critical Information 
  • 21:04 – What happened when Bryce called some friends… 
  • 24:22 THIS is the worst behaviour by a Buyers Agents… 
  • 25:36 – What should Jane do now?! (Some words are struggled with here 😉)  
  • 28:55 The Real Buyers Agents Game 
  • 30:37 Why off-market purchases are NOT the holy grail  
  • 32:06 Buyers Agents are like…Obstetricians?!?! 
  • 33:52 – Folks, outsource the execution, not the U_____!!  
  • 35:43 – Q2) Should My Buyers Agent Have Taxation Knowledge?  
  • 37:25 Ben’s Words of Wisdoms: NEVER buy a property for a ____ advantage, do it for…  
  • 38:17 This is the baseline (Work on this premise!!)   
  • 41:11 The 2 rules that Bryce learned from his first mentor… 
  • 43:09 Q3) Divorce Settlement – Buying an IP  
  • 44:17 If it ended well vs. if it ended badly… 
  • 46:38 Always work backwards! 
  • 48:38 The #3 Steps Michael should take  
  • 49:04 Folks, this is really a problem about S_r_c_u_i_ _ !!    
  • 53:22 – Q4) Unplanned Hits On Your Buffer  
  • 55:45 – Ways to extend your buffer… 
  • 57:44 – Where Ben thinks interest rates are headed!!   
  • 1:01:14 More ideas for stretching your financial position  
  • 1:04:04 – Ben’s Golden Ratio for Buffers (+ how our experienced team calculates clients’ cash buffers)  
  • 1:08:17 – The market has bottomed out!?  
  • 1:10:37 – Thank you to all our Q askers today! Email us to claim your free Start & Build course😊   

And… 

 

Get Moorr out of your money:
Log in or create your free account via the
Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

RBA Cash Rate April 2023: The Close Rate Call

Welcome back to Ben’s RBA and Economic Update where this month’s announcement could mark a “turning point” for Australia…  

Will the Reserve Bank of Australia finally end the country’s 11-month rate hike or is the inflation genie still out of the bottle?!  

Ben unpacks this momentous decision and what it means for Australia’s future (can we expect more rate rises?!). Plus, we’re diving into the latest market data which sees the country recording its largest drop in retail spending – ever (outside of COVID).   

Zooming out, Ben explores the latest news globally including the big headlines: Global Banks Are Failing Today. Tune in to understand why this happening and how the system works. 

Here are Ben’s key themes for this month’s economic update: 

  • US & Swiss Banking Failures, – it’s time we learn more about the global banking system  
  • The RBA cash rate decision – it was such a close call. 
  • Property values are growing? Yes, that’s right, but is this sustainable, or will it turn out to be a dead cat bounce? More on that topic later in this update….   

 

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

Plus, Ben also includes his latest news and commentary on…

👉 The global financial system explained

👉 US makes some solid gains but danger lurks at every corner… 

👉 The Eurozone’s Uphill Battle   

👉 What does today’s decision mean for the future of rate rises and our economy? 

👉 Has the property market found its bottom?! 

👉 Disinflation begins to take hold here in Australia

👉 CoreLogic’s Home Value Index – 3 April 2023, and lots more!

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log into Moorr, your Money SMARTS Platform here, and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

RBA Cash Rate March 2023: Is Now The Time To Act?

Welcome back to another monthly RBA update and yet another cash rate hike. (No surprises here folks!). Tune in now to find out whether we’ve crept up another 25 basis points bringing the rate to 3.60%, or if the Reserve Bank of Australia has decided to jawbone consumers this month to curb spending. 

Overarching all this is the goliath question… 

If the economy is slowing (tick), unemployment is rising (tick), and wages are contained (tick), then why haven’t we seen interest rates pause!?!  

Listen now to hear Ben dive into this question and unpack Australia’s data from the last month reflecting disconnected sentiment, disinflation and a domestic market still finding its footing.  

Plus, Ben covers the biggest news from around the world including the US’ positive economic data (that’s not actually what the Fed wants), the 64-million-dollar question in Europe and much more!  

 

Here are Ben’s key themes for this month’s economic update: 

  • Another month, another RBA cash rate hike (more on that soon)  
  • “Are we entering a period of ‘stubborn’ higher inflation, or is it a case of lagging data playing catch up?”  
  • There’s no evidence of any wage-price spiral issues (well not yet anyway, and hopefully it stays that way)    

 

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

 

Plus, Ben also includes his latest news and commentary on…

👉 The US’ data shows a story of resilience – but the Fed isn’t happy.

👉 The key to China’s economic rebound

👉 Europe raises interest rates to its highest levels since the GFC

👉 The RBA is taming our inflation beast with a blunt sword

👉 Is CDP data indicating disinflation? (Yes, this is still the buzzword for 2023)

👉 Australia’s economy is reaching a turning point, here’s why.

👉 Are we so depressed that we need a concert or a show to make us happy? The disconnect between consumer spending and sentiment

👉 “It gets worse before it gets better”: Housing Supply Levels

👉 Is now the time to invest? and Ben’s predictions for when investors will return to the table

👉 CoreLogic’s Home Value Index – 1 March 2023, and lots more!

 

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log into Moorr, your Money SMARTS Platform here, and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

431 | Paying Too Much Interest? 6 Ways To Avoid Overpaying

A mortgage is one the biggest loans most people will ever take out in their life. It’s a scary thought.  

Now here’s the only thing scarier than that…  

Being stuck in Mortgage Jail – and not realising it!  

This sad truth is unfortunately what too many folks are facing, especially with rising rates. That’s why in Episode 431, we’re shining a light on why EVERYONE needs an investment-savvy broker to help them break out of Mortgage Jail and stop overpaying on interest – for good.   

To help us do this, we’re sharing real client stories from our amazing team of investment-savvy brokers who work at the coal face of the lending game every single day.

(For the folks that don’t know – we’ve had the absolute privilege and honour of changing thousands of clients’ lives through Empower Wealth, our award-winning financial advisory.)

From refinancing to bridging, we’ll share 6 creative and clever ways that they’ve found the best solution for our clients and beaten the banks at their own game.  

 And of course, we’ll be dialling it up with tons more wisdom like…
👉 How to tell the difference between an average broker and an investment-savvy broker?
👉 What is Mortgage Prison (and why the banks DON’T want you to know about it)
👉 Why You Need to Fall In Love With The Finances (NOT the bank) and much, much more!  

Another episode with so much gold, listen in now!  

 

P.S. If you’d like to do beat the banks too and save thousands of dollars in interest like our clients already have, why not work with our team! Reach out today for a 100% free, no-obligation chat today >> 

 

P.P.S. Pheewww (That’s how we imagine a party horn sounds when written down) — It’s our 8th Birthday TODAY!! 🎂🍰🧁🥳 🙌🎈🎉🎊 To see our first 20 episodes grow to a collection of 431 episodes (with many more to come) makes our hearts glow with warmth and our faces beam with pride. Thank you to our amazing TPC tribe for tuning in each and every week ❤️ 

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – What’s in store today… 
  • 1:27 – Missed the PICA webinar? Become a member to watch the replay today!  
  • 2:36 – Mindset Minute: When the line between necessities & luxuries blur 😮  
  • 7:11 Our yardstick for helping clients (Yep. This is a REAL number)  
  • 10:43 – The set-up for today…  
  • 13:13 Folks, APRA is locking us up in mortgage prison! Here’s Why.  
  • 17:42 Story #1: They saved how much in interest?!?  
  • 19:16 – Year to Date: How we made it work in our favour.   
  • 21:29 – Story #2: We earned $0. But what we got was priceless.  
  • 23:46 – Refinancing: How To Negotiate Revert Rates  
  • 26:22 – THIS is what experience from an investment-savvy broker brings!!  
  • 28:43 – Bonus Story: This is what folks stand to gain… 
  • 29:40 – Story #3: The solution was simple; all that was needed was the leg work. 
  • 30:55 – Story #4: The loan was only of modest size. So how did we get them the best rate? 
  • 34:45 – There’s A LOT of competition right now; how can you make the most of it? 
  • 37:46 – Story #5: 2 hours work for a $12K incentive?! This is the deal we cut.  
  • 40:44 – This is why you shouldn’t be wedded to your banks!   
  • 42:24 – The Mechanics Behind A Bridging Loan 🌉  
  • 44:51 – Story #6: Their livelihoods were riding on this house. Here’s how they bought it – without the Bank of Mum & Dad!  
  • 47:10 – Why it’s not just about the tactics folks!  
  • 48:13 – This is why Credit Policy knowledge is critical! (Over $30K saved straight up!?!)  
  • 51:18 – The difference between a broker and an investment-savvy broker… 
  • 53:26 – The Key Takeaways (& Free Resources!)  
  • 55:08 – We’re gunning to save $3M+ of interest for our clients. Want to be part of this? Have a FREE, no-obligation chat with our award-winning investment-savvy Mortgage Broking team today. Click here to get started >>  

And… 

 

Get Moorr out of your money:
Log in or create your free account via the
Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

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