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RBA March 2019 Announcement – What’s causing the deterioration in our economy?

It’s the first Tuesday of the month folks… which means the RBA Board has met and announced the official cash rate for March 2019!

As widely anticipated, the Cash Rate has remained on 1.5%.

Now if you tuned in to last week’s episode with Dr Andrew Wilson, you would notice that he forecasted the next rate cut to be as early as April!
Bill Evans, Chief Economist at Westpac on the other hand, is anticipating not one, but two rate cuts on the second half of the year.

What has triggered this and what do we think is going to happen? Why is it that most economists are forecasting a rate cut instead of a rate hike? Ben explains all this and more in this episode.

If you’d like to check out his previous commentaries, click here.

 

 

 

 

DISCLAIMER: This video 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

 

Episode 207 | Pete Wargent – The Real Story Behind the Charts

Folks, The Summer Series continues, this time in the shadow of Christmas… BUT that doesn’t mean we’ve stopped gifting very special guests!!

Joining us today is no stranger to property investment or The Property Couch… Pete Wargent!!

You might remember him back on Episode 139 | Pete Wargent, Multimillionaire at Age 33: How did he do it?

And that title explains a lot of what Pete’s about — achieving financial independence. And, yep, he personally did it for himself at the ripe age of 33 too.

To give you an idea of Pete’s background: during his professional career, he qualified as a Chartered Accountant in London and was previously a Director at the ‘Big 4’ accounting firm, Deloitte. He indeed walks the talk when it comes to investing and he gratefully parked his career in accountancy, having achieved early financial freedom, as detailed in his first best-selling book, Get a Financial Grip: a simple plan for financial freedom.

And he’s here to talk all things data, the future of the Australian property market and the impacts of Labor’s proposed changes to Negative Gearing, as outlined in his recent report.

 

Here’s what you can expect…

 

Stand Out Quote from the Ep…

“Labor’s policy is now solving a problem that’s been solved.”
– 
Pete Wargent

 

Missed our earlier episodes in The Summer Series?

 

DOWNLOAD our Free Binge Guide Here – The First 20 Episodes

This 80-odd page document is the vault containing all the foundational tips and insights you need to be a successful investor.
Want a Free Copy of The Golden Highlights? You can get it here.

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

Let’s get down to business, folks! Today we’re tackling the past, present and future of Australia’s economy…

And who better to help us out than Alan Oster, Group Chief Economist of the National Australia Bank (NAB)!

Alan sure knows his stuff, folks — as Group Chief Economist, Alan is responsible for NAB’s global economic and financial forecasts. Not to mention, before he started at NAB (which was in 1992, mind you), he worked as Senior Adviser in Treasury specialising in economic forecasting and modelling for an impressive 15 years. Oh, and in 1987 he was seconded for nearly four years as Counsellor-Economic and Financial with Australia’s delegation to the Organisation for Economic Co-operation and Development — OECD — in Paris.

Yes, he’s definitely the man you want to speak to if you’ve got a question about Australia’s economy!

 

Hold on to your seat folks cause here’s what you’re in for:

  • Where is the economy going in the next 12 – 18 months?
  • Rather than mortgage stress, what’s the number one issue at present?
  • What’s going to happen, on average, to house prices?
  • Will your wage increase any time soon?
  • Federal Budget 2018: What’s in store and will we see tax cuts?
  • Who will struggle most with postcode restrictions?
  • What needs to happen to benefit the economy?
  • Is the Australian economy going to be better or worse?
  • How do foreign buyers and the Chinese market fit in?
  • Will APRA keep tightening the lending regulations?
  • When’s the cash rate likely going to increase?
  • Is inflation on the rise?
  • What’s in store for interest-only loans?
  • What’s happening in the US with the 10-year bond rates?
  • Why do banks care about outer city living and inner city living?
  • Is the demand in Sydney and Melbourne slowing?
  • What’s the riskiest sector should unemployment starts to rise?
  • What’s the difference between “the bricks” and the “the clicks”?
  • What do banks ALWAYS look for before handing out loans?
  • Who owns most of the apartments in the capital cities and what are his thoughts on the future of the apartment market?
  • What about the second-tier cities (Brisbane, Adelaide etc.)
  • Which states are having the fastest rental growth?
  • Is Perth now an investment-grade location?
  • Where would Alan invest his money?
  • What happened when then Treasurer Paul Keating removed negative gearing?
  • What will be the economic impact and consequences if negative gearing is removed again at the current time?
  • How should we tackle housing affordability?

 

p.s. Looking for the special reports mentioned in today’s show?

 

Episode 152 | Bad News for The Australian Property Market

We’re sorry to bring you Bad News while you’re on holidays.

Unfortunately, we have heard some negative talk out there and, well, we think it’s best you know. So, today’s podcast is a little on the “doom and gloom” side, we’re afraid.

We’re talking about the correction in the market. We’ve all seen the property prices in Sydney come down a bit, and we’ve all heard (perhaps too much) about the Bubble…. Is today the day it finally burst?

 

A longtime listener from Singapore, Saxton, left us a rather distressing voicemail message:

“I want to ask you about the article that was published by Matt Barrie the CEO of freelancer in Australia where he painted a very negative and bleak future about Australia’s future prospects and described the Australian property market as a bubble built upon a bubble, built upon a bubble; namely mining and commodities. Anyway, it’s a long article and I would love to hear your negation on some of his gloomy outlook and why property is still a good bet moving forward.”

 

If you’ve read the article… you’ll know it’s pretty bleak. Also what’s interesting is that Matt Barrie isn’t a property expert — note that his business has nothing to do with propertyand on social media channels he is, which makes sense, an “influencer”. And influencers are good at doing just that.

But, at the end of the day everyone is entitled to an opinion.

More importantly, who is right?

 

What’s about to unfold:

  • Are the conditions that precede a bubble “popping” finally here?
  • What happens if the market drops 30%?
  • What is money and wealth built on?
  • What are the biggest banks LVR and why does this matter?
  • How is Australia’s lending system differ from the rest of the world?
  • Is Australia’s economic climate stable?
  • What is “short selling”?
  • How can you tell when an agenda is influencing an opinion?
  • Why do we keep going on about supply and demand?
  • What is “irrational exuberance” and why is contributing to the bad news?
  • Why is now (perhaps more than ever) time to look back at your property fundamentals?
  • Is interest rate the King in all of this?
  • What’s the future of the Australian Property Market?
  • What do you need to start telling people today?

 

Full disclosure: Here’s the link to the article. Please decide for yourself 🙂

 

P.S. Should Ben do the Life Hack from now???

 

 

 

RBA July 2015 Cash Rate Cut

Today the Reserve Governor and the Board met and kept the cash rate at 2%. We saw changes in February and also in May of this year and now again, the Governor and the Board is basically just waiting to see what happens.

 

 

 

Ben Kingsley - Quote of the Day - The property couchCommentary & Opinion of Ben Kingsley – CEO & Founder; Property Investment Analyst and Advisor and current Chair of PIPA Ben Kingsley is the Founding Director of Empower Wealth and Chair of Property Investment Professionals of Australia (PIPA). A qualified Property Investment Advisor (QPIA), Ben holds a Real Estate Agency License (QLD), a Diploma of Finance and Mortgage Broking Management, a Diploma of Business and has become one of Australia’s leading experts in property investing for wealth creation.

 

(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to a licensed professionals before taking any action with your financial affairs)

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