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429 | Property Market Outlook 2023

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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? 

By in Podcast, RBA Announcement

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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

 

 

 

 

 

 

RBA Cash Rate December 2022: Has Australia Reached Its Inflation Summit?

By in Podcast, RBA Announcement

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As we start to close out the year that was, the Reserve Bank of Australia (RBA) has just released its last official cash rate for 2022!  

As global economic outlook shifts to a more “positive” note with the US and Australia seeming to have escaped a recession, have we just received another early Christmas present from the RBA?  

Tune in to find out if the cash rate has been paused for the first time in 7 months, plus Ben unpacks these key themes in this month’s economic update: 

  • The slowing of interest rate hikes in the US  
  • A case for pausing interest rates in Australia moving forward  
  • How the property market will finish out 2022 and begin 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…

👉 The RBA’s Official Cash Rate!  

👉 Adjusted OECD Global Outlook Forecasted Figures 

👉 Why US interest rates will always go higher than Australia!  

👉 China’s low inflation figures yet Zero COVID Policy economic chokehold  

👉 Is the Eurozone set to go into a recession in 2023?  

👉 Has interest rates finally curbed spending here in Australia?  

👉 Employment levels reach record highs!  

👉 Property prices continue to tumble (Note: Folks, there is no such thing as a typical National Dwelling Property!  Tune in to Episode 418 where we explain why it’s all about “markets within markets”!)  

👉 Ben’s Big Property & Economic Predictions for 2023 

👉 CoreLogic’s Home Value Index: 31 November 2022   

Plus much more! 

 

Free Resources Mentioned:

🔥 The RBA’s Financial Stability Review – October 2022

🔥 Episode 418 | The Hidden Forces Driving Property Values

🔥 Related Episodes:

 

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

 

 

 

 

 

 

418 | The Hidden Forces Driving Property Values

By in Podcast

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“Property is a voting machine in the short term and a weighing machine in the long term.” 

Folks, these words form the beginning of one of our most important episodes (and also our LAST formal episode for 2022!! 😮 But don’t worry, we’ve got an AMAZING Summer Series coming at you next week. But back to this week…)  

In light of the rising housing values, we’ve heard SO many people say, “Surely property prices can’t go up anymore?!?” 

And this is exactly what we’re speaking to when we’re divulging…  

What Drives Property Values?!  

From economic activity to human interest and behaviour, what actually causes these prices to go up? Is there a secret framework to help you accurately predict which markets are about to “boom”? (Spoiler: Yes there is! 😉)  

And ultimately, “is it possible for them to keep going up – and is it bad if it does?!” 

In Ben’s words, “Today’s episode is a MEGASODE!!!”. Tune in now to hear all of this evergreen wisdom and more!  

  

 

P.S. Massive Black Friday Sale Incoming!!! 

We turned our chart-topping, evergreen property investment book, The Armchair Guide To Property Investing into an audiobook!

Normally valued at $37, we’re doing something super special this year… We have created an awesome bundle!

For Black Friday, we’re offering our Property Couch community this bundle for just $4.95!!

We’ll be releasing what’s in it and how you can get it – with a massive 86% discount – in tomorrow’s email, so keep your eyes peeled in your inboxes tomorrow!

 

Free Stuff Mentioned… 

  • WE’VE LAUNCHED THE MOORR APP! Check out our FREE brand-new Lifestyle By Design app with the same great MoneySMARTS system (plus more cool features!). For Apple users click here, or for Android users click here.  (or our web version here!) 
  • It’s Black Friday Tomorrow!! Keep your eyes peeled for an email tomorrow with an 86% discount on something very special… 😉
  • Free Report: Read Relationships Australia’s latest 2022 findings here.  
  • Free Article: Read Money Mag’s Article on “Aussies to spend $6.2 billion on Black Friday sales” here. (From Ben’s What’s Making Property News)  
  • Examples: See some examples of Singapore Properties at Chestnut Drive ($20M) and Nassim Road ($56M!) from 1:27:25!   

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – The Gold Today  
  • 1:59 – IT’S HERE! We have reached this amazing milestone with Moorr! (And this is how much it costs…) 
  • 9:20 – Woohoo!! Our Summer Series starts NEXT WEEK?! 
  • 10:44 – Money creates relationship problems for 1 in 5? 🙁  
  • 20:25 – This is the BIGGEST fear for most investors… 
  • 22:31 – Why this episode is so important (and how the idea was born!!) 
  • 23:53 – The Weighing vs Voting Machine 
  • 26:32 – What Drives Property Values in the SHORT TERM (The Affordability Answer) 
  • 28:32 – Beware the Block Effect!  
  • 31:08 – From Detroit to Broken Hill: what happens when demand and supply fail  
  • 37:25 – Here’s what you should be considering… 
  • 38:15 – What Drives Property Values in the LONG TERM?!? (plus, a bonus Scene Setting Story from Ben: “When the first fleet came….”)  
  • 40:16 – Land is valued based on its P___ U___ 
  • 41:28 – The 7 types of land in Australia (+ their use!)  
  • 49:30 – The power of repurposing land  
  • 51:18 – …and this is where human behaviour comes in!  
  • 53:49 – The Veblen Social Psychological Model (& its 6 factors!)  
  • 58:08 – Why are certain mega-rich pockets sustainable?!  
  • 1:00:12 – THIS is the most important indicator of long-term land value!  
  • 1:00:51 – Causation vs. Correlation!  
  • 1:01:54 – The Flywheel Concept (aka. Why property prices WILL continue to go up!)  
  • 1:08:40 – This is the role of politicians!  
  • 1:10:53 – Key Takeaway #1  
  • 1:11:02 – Will Sydney be ever knocked off its perch?!  
  • 1:13:22 – THESE are the factors we look at!  
  • 1:15:56 – Key Takeaway #2   
  • 1:19:50 – Key Takeaway #3 
  • 1:23:12 – Key Takeaway #4: Singapore: A prime example of this! (See our show notes to see these examples!)   
  • 1:30:16 – So… What does this all mean?!? (And how can you apply it?!)  
  • 1:32:09 – What about Lifestyle Locations?  
  • 1:34:33 – Let’s Recap (and let us know what you think on our socials!)  

And… 

  • 1:36:06 – Ever wanted to sign a document…digitally? Here’s how.  
  • 1:38:30 – It’s true 🙁 Australians really do try to ‘keep up with the Joneses’… 
  • 1:40:15 – psst — Check out Moorr to avoid falling into this trap!  

 

RBA Cash Rate November 2022: Rate Hike Again But When Will It Stop?

By in Podcast, RBA Announcement

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While the race that stops a nation will have the eyes of Australians everywhere today, another decision drawing just as much interest has been released.  

In the Reserve Bank of Australia’s (RBA) November release – which happens to coincide with Victoria’s Melbourne Cup Day – Ben breaks down our seventh consecutive rate hike from the data behind this decision to how can we, as consumers, can curb interest rates.  

And, of course, it’s not a monthly RBA update unless it’s jam-packed!  

We’ll hear Ben explain the headline changes (and 2 of his biggest disappointments) in Australia’s newly “reprioritised” Federal Budget, the darkening outlook on global growth, and his observations – and future forecasts — for our Property Market. 

Another gigantic episode that sees Australia continue to balance the tightrope between economic growth and inflation, tune in now!  

 

Plus Ben unpacks these key themes in this month’s economic update: 

  • Global growth outlook continues too sour  
  • The RBA is following through on its promise, because we continue to spend too much… 
  • Politics is a mugs game – there is just one problem – they control the economy 

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 International Monetary Fund: “The worst is yet to come” 

👉 What we, as consumers, need to do to halt interest rates  

👉 The US hikes its rates, but why Australia won’t reach these levels… 

👉 China & Europe’s continued economic struggle 

👉 Australia’s inflation surges to highest annual pace in more than 32 years 

👉 Our “reprioritised” Federal Budget & it’s key changes  

👉 Why the new Government’s solution to Housing Affordability has a thumbs down from Ben 

👉 Has rising rates really stopped our spending?  

👉 Ben’s past month prediction, future forecasting, and how to avoid getting swept up in a fearful market sentiment.  

Plus much more! 

 

Additional free resources:

🔥 Episode 169 | Alan Oster – NAB’s Group Chief Economist – on Interest-Rate Rise, Tax Cut and The Future of Residential Property

🔥 Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas

🔥 Episode 390 | Will Interest Rates CRASH the Property Market?!

🔥 Episode 404 | What do Inflation, Interest Rates & Broccoli have to do with Property?!

 

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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