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Episode 358 | Too Much Risk? Australian Property & Economic Update – Chat with Nerida Conisbee

Breaking news just in on the property & economic front, folks!

There’s clearly quite a bit going on with the health crisis, soaring property market and… just announced this week… an indication that a tightening of lending might be coming sooner than we think!

Despite price growth in the current market being led primarily by owner-occupiers, the risks around rising household debt may mean that APRA and the financial regulators will step in to prevent the build-up of future risks to the broader economy…

The question is: If they’re going to pull the handbrake, What Would This Look Like and WHEN Would It Happen?

Here to unpack all this, as well as the latest Australian Property & Economic Update is our good friend Nerida Conisbee, Chief Economist at Ray White.

Now, if you’ve heard Nerida’s data-driven insights and wisdom on the show before, you might’ve noticed she’s had a little change in title from Chief Economist at the REA Group… And if you haven’t heard from her before (you’re in for a real treat!) or simply need a refresher: Nerida is a highly regarded economist, with a specific expertise in residential and commercial property. She is currently the MOST quoted property commentator in Australia, the third most quoted economist and a sought-after public speaker, writer and columnist with more than 20 years of property research experience throughout Asia Specific.

So, if you want a PRECISE update on property and economic news here in Australia (and where it’s looking to go from here), then please listen now to get the gold & stay informed.

 

Free Stuff Mentioned

 

Here’s What We Cover…

  • 00:40 – Block your ears non-AFL fans 😉
  • 03:28 – Try this word instead.
  • 05:24 – Meet Nerida…
  • 06:04 – The change & data leak
  • 07:36 – Never Before Revealed: Nerida’s Money Backstory!!
  • 10:46 – Does she carry this through with her own family?
  • 13:24 – Nerida’s property story
  • 14:33 – The current economy – What’s going on?!
  • 16:27 – What will likely unfold in the December quarter?
  • 16:57 – What picks up when we come out of lockdown?
  • 17:12 – The Big Challenge: Iron Ore Prices
  • 17:49 – Where will this show up most in the Aus economy?
  • 18:48 – What might happen if we see higher hospital rates?
  • 21:25 – Australia’s Economy­ – What might happen?
  • 22:38 – The Lack of Migration: How Problematic Is It?
  • 23:39 – The Hot Topic: INFLATION
  • 26:00 – Too Much Risk!?!
  • 26:18 – A Trillion Dollars In Debt: Australia’s Debt Hole
  • 26:47 – How are we going to pay that debt back?
  • 28:15 – Property Update!
  • 29:45 – Breaking News: Josh Frydenberg’s Announcement!
  • 30:08 – Household Debt — Where is it currently at?
  • 31:25 – What does Nerida see happening with the regulations?
  • 35:54 – How do you stop people taking on too much debt?
  • 38:30 – What’s happening with First Home Buyers?
  • 41:46 – What you need to know about immigration
  • 45:04 – The Luxury Market: How is it performing?
  • 46:34 – Listing Volumes – What’s happening now?
  • 49:00 – The Future of Commercial Property in CBDs
  • 52:14 – Unemployment Numbers: The Risk Factors
  • 55:21 – How to NOT save $250! (interesting way to look at things…)
  • 56:28 – Pain & Gain: New Data From CoreLogic

 

 

RBA May 2020 – Three Critical Themes Unfolding In The Economy Right Now — And How They Impact Property Prices!

It’s the full month after Australia’s social restrictions so… what should we expect in todays’ RBA Board meeting?

One thing for sure, the cash rate remains at 0.25% and while there isn’t too much of a surprise there, Ben is about to walk you through the THREE CRITICAL THEMES unfolding with regards to the direction, outlook and recovery of the economy; both here in Australia and globally.

 

Free Resources mentioned in this Update:

 

What’s discussed in this Update?

  • Distressed Selling in Property
  • What Property Type is MOST at Risk Right Now
  • When Can The Economy Expect To “Bounce Back”?
  • US Economic News
  • Chinese Economic Activity
  • Australian Politics — And What This Will Mean For Property Investors, Home Owners and First Home Buyers
  • Australian Economy Update & Future Outlook
  • Unemployment (where’s it sitting & where it’s looking to go…)
  • Retail Sales
  • What Australian Banks Are Doing Right Now
  • Credit Growth & Dwelling Approvals
  • What To Watch Out For In The Coming Months… (especially regarding self-isolation bans and property predictions)

This is another BIG RBA ANNOUNCEMENT with everything going on at the moment, but it’s definitely in your BEST interest to watch so you stay up-to-date with what’s currently happening!

 

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

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 April 2020 – Lockdown, An Australian Recession And What This Will Mean For The World Economy

Yes, it’s the first Tuesday of the month… which means the RBA Board has met and kept the cash rate on hold at 0.25%.

This video features Ben’s update on the cash rate… as well as a DEEP dive on the data that’s spreading across the economy as the world tries to navigate through COVID-19.

Ben will be talking about the economic mess we’re likely to see — in terms of a Recession here in Australia — how long this will last, and how long we can expect to be living in lockdown conditions until things pick back up again.

He’ll also discuss, with specific reference to the coronavirus crisis…

  • The RBA Announcement — April 2020
  • World Stock Markets: United States, China, Europe
  • What’s happening here in Australia and the ASX Stock Market
  • Aussie Dollar
  • Unemployment (where this will go + the fiscal stimulus introduced)
  • Consumer Confidence & Sentiment
  • Business Confidence and Sentiment
  • Retail Sales
  • The Property story
  • CoreLogic numbers

It’s a BIG RBA Episode with everything going on at the moment…. and it’s definitely one you DON’T want to miss out on if you want to stay informed about what’s currently going on and we’re it looks like we’re going…

 

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

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 March 2020 – The Coronavirus Spreads Right Across The Economy

It’s the first Tuesday of the month which means the RBA Board has met and announced the official cash rate! And to no surprise, they’ve decided to cut it by 25 basis points to 0.5%. Now, this commentary features Ben’s update on the cash rate as well as the biggest impact on the data this month…

“COVID-19”, aka… The Coronavirus!

As you’re probably aware, the coronavirus has NOT slowed… in fact, it’s definitely leaving its mark on the economy… globally, as well as here in Australia. To give you an idea… last week alone, six trillion dollars was wiped off the world’s stock markets! Six trillion. So, what are we in for?

  • COVID-19 and it’s impact on the global and domestic economy
  • How is it affecting the demand side of our travel, tourism and educational sector
  • Updates on the countermeasures taken by the United States Fed Reserve
  • Movement in the Australian Dollar
  • Unemployment rate data and how’s our wage growth performing

 

 

 

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

Bonusisode with Nerida – RED Rooster & Property Prices?! 🐔🏡

Folks, it’s officially March AND today’s Facebook LIVE with Nerida Conisbee, Chief Economist at realestate.com.au was like no other!!

So… what did we chat about? Here’s a rough list!
👉 COVID-19 and what does it really mean for ordinary Aussies?
👉 Will it cause a recession?
👉 Why strong growth in debt is worrying for economic growth?
👉 Are we looking at a housing undersupply in Australia?
👉 Does dropping rates really have an impact given they are so low already?
👉 Is Perth recovery here yet?
👉 Are the price growth in Melbourne and Sydney sustainable?
👉 What’s the Red Rooster traing line in Syndey?!
 
And of course,let’s take a bit of a “behind the curtain” look into realestate.com.au best performing properties, incl:
✔ Most expensive property sold: https://www.realestate.com.au/sold/property-unitblock-nsw-maroubra-132890482
✔ Most viewed Res Listing: https://www.realestate.com.au/property-acreage+semi-rural-vic-narre+warren+north-133075414
✔ Most viewed Rental listing: https://www.realestate.com.au/property-unit-qld-mermaid+waters-428622226
✔ Most viewed property going to auction: https://www.realestate.com.au/property-house-vic-carlton+north-132966134
 
p.s. Want more of this? Tune in to our episode on >>> http://thepropertycouch.com.au/

 

p.s. And of course, if you’d like more, subscribe to our podcast every Thursday at 3pm on iTunes, Spotify or your favorite podcast app!

 

 

 

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