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RBA Cash Rate Nov 2023 | Inflation – Material Enough?

Hey folks, welcome to the November Economic and RBA update. This time around, Ben got his sight set on a few key things:

  • RBA’s November Board Meeting: We’ve all been eagerly waiting to see if the RBA is going to hike the cash rate again. This could mark the 13th time they’ve done it in this upward cycle. Find out more in this episode!
  • Inflation Rant: Hold onto your hats because Ben got a bit of a rant brewing about inflation.
  • Property Market Scoop: Of course, last but not least, the most popular part of Ben’s RBA updates…. the latest data on the property market!

But before we dive into all that, we can’t ignore the elephant in the room – the heightened geo-political tensions and the Middle East conflict. This isn’t just a humanitarian crisis; it’s also making waves in the global economy.

All this uncertainty and instability is putting a damper on global economic confidence, sentiment, and investment. Plus, it’s affecting oil supply, prices, and trade, which is basically throwing a wrench into the works of the world economy.

Let’s cross our fingers for some speedy resolutions in the Middle East and Ukraine to ease these troubles. But for now, the world is feeling jittery. With all this geopolitical drama, the inflation scare, and the rising cost of debt, both the stock and bond markets are rollercoaster rides. Stock markets are taking a double-digit dip, and there’s more downside risk ahead if these issues continue to weigh on developed economies.

We know these aren’t uplifting news to share, but it’s important to acknowledge the economic consequences tied to these global events.

 

And folks, if you’re feeling the pinch with those rate hikes and worried about your cashflow in the next few months, we’ve got a couple of handy resources for you:

A) MoneySTRETCH Tool on Moorr:

This cool tool lets you play around with different scenarios and see how they impact your cashflow and savings right away. For example, you can check out what a 2% bump in your loan might do to your cashflow and figure out how long your current spending can keep going. And the best bit is… This tool is free! Just create your free account on Moorr and away you go 😉.

Learn more about MoneySTRETCH here >

 

B) Free Finance Checkup with our Award-Winning Crew:

If your loan payments are eating up a big chunk of your budget and you haven’t looked into it lately, it might be time to chat with your broker or banker.
Don’t have a broker? Our sister company, Empower Wealth recently snagged the Australian Brokerage of the Year award from the Australian Mortgage Awards, and they would be thrilled to assist you! The initial consultation is free and there’s no obligation to engage after that as well so if you’re keen, please don’t hesitate to learn more about them below.

Learn more about Empower Wealth’s Mortgage Broking services here >

 

Alright, what are you waiting for? Let’s jump into the data for this month!

 

RBA Cash Rate Oct 2023 | To Stick or Slip? Inflation Trend, Property Supply, and an Overlooked Lesson

Hey folks, amidst all the economic chatter making headlines in Australia, we’re diving into our October RBA update. Got a ton to chat about, and of course, Ben’s back to give us the lowdown.

In this October catch-up, here’s what we’re chatting about:

  • Inflation: Just a quick phase or are we in it for the long haul?
  • All things property: Let’s really get into what’s going on with market supply.
  • And to wrap things up, Ben’s got a lesson on behavioral economics that’s had a big impact on inflation and investment. Seriously, how did we miss this one?

Jump in with us to get the latest scoop and some cool insights to help navigate your financial vibes.

 

459 | How Can We Solve Australia’s Growing Demand for Property? – Chat with Paul Ryan

 

 

As new property listings surge higher and the housing market continues to recover post-COVID, how can we solve Australia’s growing demand for property in the capital cities?

Here to help us tackle this giant question that pierces the heart of one of Australia’s biggest upcoming issues, we’re introducing an exceptional, first-time guest to the show…

Welcome Paul Ryan, REA Economist and Specialist in Housing Finance, Market Forecasting and Big Data Analysis! Before joining REA in late 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets.

Today, we’ll use his vast knowledge and incontestable passion for Macro and Microeconomics to explain how and why property investors act the way we do!

From exploring why we are moving houses less as a nation to unpacking how this upcoming period is an interesting one for property investors, we’re examining the policies that dictate our actions, and the intriguing behavioural patterns and beliefs that have emerged as a result.

Thank you to Paul for sharing so much of your time, wisdom and valuable insights, we can’t wait to have you back on the couch!

Seriously, give it a listen now folks 😊🌌✨

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – The incoming gold
  • 04:41 – Folks, we don’t always get it right!
  • 15:32 – Mindset Minute: “All success is simply relative to somebody else”
  • 21:23 – Welcome Paul Ryan!
  • 23:05 – Money Backstory: Shares, vets & extreme delayed gratification
  • 24:00 – From science to economics
  • 29:11 – The transition from Macro to Microeconomic insights
  • 29:55 – An insider’s look into working at the RBA!
  • 34:24 – Is the housing market a huge risk?
  • 36:29 – Do people really move around less than they used to?
  • 38:02 – So…why does the RBA care about economic activity?
  • 40:25 – Bank Lending: Why is there a higher risk for Owner Occupiers?
  • 42:15 – Why Stamp Duty is important in Australia!
  • 43:05 – Does the theory translate?
  • 43:59 – The banks won’t run THIS equation 😉
  • 46:15 – Australia vs. International Housing Markets: Anomalies & Debt Levels
  • 48:30: Is it bad for households or renters to have their home owned by another household?
  • 51:15: What’s happened to the property market since the start of 2023?
  • 52:28 – Why it’s an interesting time for property!
  • 54:50 – Are the prices of property really growing?
  • 56:40 – And what about investor activity?
  • 58:31 – Regional Markets since the Pandemic: Where does the commuter belt stretch to?
  • 1:03:30 – The Intrinsic Value of Property
  • 1:03:23 – Why property growth is like…g_a_i_ _?!
  • 1:05:30 –“Homes are not being built where people want to live”
  • 1:06:15 -The fascinating linking between data & people!
  • 1:07:45 – How do we build more homes in our cities?
  • 1:13:40 – The next wave of data allowing us to understand property investors 😮
  • 1:13:58 – Interest Rate Outlook: Are we close to the top of rates?
  • 1:15:40 – Paul’s Perspective: What should APRA’s role REALLY be with the Buffer Rate!?

And…

  • 1:21:13 – Lifehack: Did you know you can share a YouTube Link that starts at a specific time?! Here’s how…
  • 1:22:54 – WMPN: You’ve got 2 months to object to your land valuation!

 

RBA Cash Rate Sept 2023 | China’s Economic Slowdown and Its Impact on Australian Interest Rates

As spring paints the town with color, it’s time for our September Economic and RBA commentary update – where the economic scene keeps on shifting. This month, we’re getting into the nitty-gritty of a few key topics. Hang out with Ben as he unpacks the RBA’s latest moves! 😉

 

In today’s RBA update, here are the main things we’re diving into:

  • Checking out how China’s economic slowdown might affect Aussie interest rates.
  • Giving a shout-out to our outgoing RBA Governor, with a little tribute.
  • Taking a deep dive into property updates, focusing on Supply Absorption.
  • And don’t blink, because we’ve got some jaw-dropping data that might raise an eyebrow or two.

 

Stay tuned to keep your finger on the pulse of the latest market buzz and snag some priceless insights for smarter financial moves during this lively season.

 

458 | Are We At The Turning Point? From Slow Growth To A Surge in Listings – Chat with Tim Lawless

Want to know what areas are booming with new listings?   

Or when the market tide will turn?    

Or even how real estate agents accurately research and predict market trends?  

Well folks, returning to the couch for the FIFTH time (Yep, we seriously can’t get enough of this awesome guest) is CoreLogic’s Research Director, Tim Lawless!  

He is one of Australia’s leading property market analysts and commentators who also heads a team of analysts in Australia and New Zealand. Together with his team, he provides reports on property market conditions and the interplay between economic and demographic forces.  

In this episode, we’ll be unpacking it all, from the economic and market conditions we’re seeing today to the surprising winter data that was recorded and – of course – what this means for buyers and sellers alike as spring approaches. 

Plus, we make the most of Tim’s super data-charged brain as he reveals the biggest factors impacting the affordability story this spring and the standout markets to watch for.   

A seriously insightful episode for investors heading into the spring buying season. Get prepared and give it a listen now! 😊 

 

Give it a listen now or watch the episode below! 

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:00 – Welcome back for the 5th time, Tim Lawless!  
  • 2:59 – Inside the Lawless household 
  • 4:47 – The newest CoreLogic report & the market today 
  • 10:38 The Resurgence of Fresh Listings! 
  • 11:49 – Navigating the Rate Hiking Rollercoaster 
  • 12:51 – The sellers’ waiting game  
  • 14:40 – Winter data and the upward trend no one expected 😮 
  • 16:49 – Why Tim thinks housing prices will balance out soon… 
  • 18:53 – Is the Fixed Rate Cliff real?  
  • 19:59 – Are borrowers falling behind on their mortgages?  
  • 21:50 – Stock Levels & Standout Markets! 
  • 24:07 – The Biggest Factors Impacting the Affordability Story  
  • 27:07 APRA is limiting our borrowing power… 
  • 29:04 – Population growth & migration on the housing market 
  • 31:04 Which areas have had the biggest rise in listings?   
  • 34:21 – …and here are the ones with the lowest listings! (EXPLAINED!)  
  • 35:34 The hotspot drivers you should be looking for     
  • 40:27 – What game are you playing as an investor?  
  • 41:51 – How do Real Estate Agents research & predict the market?  
  • 45:25 The Turning Point: S_n_im_ _t is the key factor!   
  • 49:12 – Spring Season Preview: What Lies Ahead?  

And… 

  • 50:40 Thank You Tim + key takeaways!  
  • 54:05 Lifehack: How to easily see written transcripts on YouTube  
  • 55:51 What’s Making Property News: 2024 changes to tax brackets – how does it impact you?  

 

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

 

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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