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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

 

 

 

 

 

 

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

 

 

 

 

 

 

429 | Property Market Outlook 2023

Folks, it’s about that time of year again…  

We’re dusting off our crystal ball, crunching the numbers from last Quarter and using our hard-earned experience from past market cycles to give you…  

Your ultimate Property Market Outlook for 2023!  

 From the suburbs that are set to soar in 2023 to when we can finally expect this record rate hike to end, we’re covering everything you can expect this year and answering:

Is Australia headed towards a V or U-Shaped Recovery?  

And of course…we’ll be using some super useful reports to bring you the wider Macro Story in Australia including inflation numbers, property supply levels and more.

With each year bringing a completely different property market, tune in to get an expert forecast for 2023 and be prepared for the year ahead.  

Give it a listen now! 

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – We’ve been receiving super positive feedback on the WealthSPEED (Thank you!)  
  • 4:01 – Here’s how to easily access ALL resources mentioned in this show….
  • 4:49 – Mindset Minute: Spoil your kids, and you’ll end up doing this😉  
  • 6:46 – What we’ve been hearing at the coal face… 
  • 9:34 The Baseline Scenario Set Up  
  • 11:22 – Our prediction for the Cash Rates (THIS is what’s holding the market back…) 
  • 15:30 This is why we think we’re close to an interest rate pause! (Reason #1)  
  • 17:48 – The 3 Population Buckets  
  • 18:23 – See the Australian Household Savings Ratio Graph here >> 
  • 19:51 – Reason #2  
  • 21:19 – Breaking down our Inflation Indicators
  • 23:14 – THIS was the biggest catalyst of core inflation 😮  
  • 24:10 – Our Inflation Prediction (Using December’s NAB Business Sentiment Survey Data.) 
  • 26:38 – Reason #3 (Immigration + Employment = ?!?)  
  • 29:08 – “Disinflation”, construction costs (Read CoreLogic’s Cordell Construction Cost Index here >>)  
  • 31:20 – The Macro Story in Australia (& what happens if we have a rate pause?!)  
  • 33:39 – Property supply & demand levels (See the Capital City Properties Listed For Sale graph here >>) 
  • 40:40 – Our forecast for property supply levels 
  • 41:56 – The Lending Story & APRA’s potential role  
  • 43:56 When should you get into the property market?  
  • 47:41 – When we think the market will bottom out!   
  • 51:39 – Is Australia headed towards a V or U-Shaped Recovery?  
  • 52:57 – What markets-within-markets are set to soar?   
  • 1:01:33 Who should be buying this year?  
  • 1:05:36 – …and who definitely shouldn’t be buying this year?  
  • 1:11:52 – Our Top Takeaways & Predictions   

And… 

  • 1:16:28 – You can unread your messages?! Here’s how😮  
  • 1:18:10 – China’s off its COVID Zero policy… 
  • 1:20:35 – Leave us your questions for our next Q&A Day! Send them through our SpeakPipe here >>  

 

Check out our newest financial features the WealthCLOCK, WealthSPEED & WealthTRACKER on the Moorr web platform, or download the app on Apple and Android.  

 

RBA Cash Rate February 2023: The Inflation Peak Has Passed, So What’s Next? 

Welcome back to a new year and Ben’s first RBA report for 2023! 

After a month’s hiatus, Australia’s economic landscape has changed rapidly. Will the board decide to mirror December’s 0.25 rate rise or is a larger rate hike in order?  

Tune in to find out, plus Ben covers the highs and lows of the domestic market from the ASX’s surprise positive results to falling unemployment and business sentiment.  

Of course, Ben also dives into the biggest news from around the world including the US’ “disinflationary” period, China’s relaxing lockdown laws, and more.  

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

  • We are now past the peak of last year’s Global Inflation shock (including here is Australia, even though the last data read for December didn’t show that).
  • Australia’s Cash Rate tightening cycle is coming to an end, led by the consumer running out of cash

 

P.S. Want to hear our 2023 market predictions? Stayed tuned for this week’s episode (Ep 429) where Bryce and Ben unpack the Risks and Opportunities in our annual Property Market Outlook for 2023.  

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…

👉 Australia’s 9th consecutive cash rate rise

👉 Our Cash Rate tightening cycle is coming to an end, led by the consumer running out of cash

👉 Is ‘Disinflation’ the buzzword of 2023?  

👉 US’ mixed economic signals: What does this mean for the world’s biggest economy

👉 China’s lockdown restrictions ease & good news comes out of Europe   

👉 The effect of immigration in Australia over the coming year  

👉 A slowing construction sector   

👉 Retail spending drops and things get tougher on the business front (but why it’s actually a good thing)   

👉 How APRA is keeping consumers in Mortgage Jail

👉 CoreLogic’s Home Value Index – 1 February 2023, and 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 in to 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

 

 

 

 

 

 

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