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RBA July 2019 – Twice in a row??

75% of economists predicted another rate drop… Are they right?… or wrong?

As mentioned previously, unemployment and wage growth is a priority for the RBA and despite last month’s cut, there wasn’t a lot of movement found in these two economic indicators.

So the RBA Board has decided to drop another 25 basis points bringing the cash rate to 1%. Find out what other factors have triggered this decision including if the US-China Trade Deals has anything to do with it!

AND if you’d like more data on Ben’s commentary today, here are a few resources:

Now, let’s dive into RBA July 2019 Cash Rate Announcement!

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 – Market Wrap with Nerida Conisbee

Folks, this Bonusisode features Bryce’s Live chat with REA Group’s Chief Economist Nerida Conisbee on today’s Monthly Market Wrap… which they kicked off on Facebook Live!

So, what shape is the market in?

 

The Top Insights in this Bonusisode:

  • Nerida’s guess at tomorrow’s cash rate – will there be another drop?
  • Economic insights
  • Auction Clearance Rates
  • The locations with house price growth
  • Market Wrap around the States – Melbourne, Sydney, Brisbane, Adelaide, Perth, Hobart

 

Plus, The Top Performing Properties from the month:

  • The Most Viewed Rental Property
  • The Most Viewed Residential
  • The Most Expensive Property Sold
  • The Most Viewed Property Going To Auction This Weekend

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more from Nerida?

235 | Money Hacks from the Money Queen – Chat with Effie Zahos

Folks, we’re up and about today!

Because not only is our dear friend Effie Zahos… aka the Money Queen… finally back on the Couch with us (It was WAAAY back in Episode 105 that we last checked in with her)… there’s also been a bit of a rate movement this week… the first in nearly 3 years! (Well, that, and our footy teams’ played each other on the weekend and Bryce came out on top of ol’ mate Kingsley!!)

What this rate movement means is a little more money in the bank for mortgage owners, which, especially when coupled with today’s episode that’s jam-packed full of Money Hacks, means that there’s a bit of extra money on the table that you can put to work for you. Of course, it does also mean that the Australian economy isn’t performing as well as the Reserve Bank of Australia (RBA) had hoped, and ultimately there’s a LOT to be said about this decision. So, Ben has created a video on the June RBA Cash Rate Drop, which goes into detail about all this. You can check out the new rate announcement here.

But back to the wonderful, wise and VERY money-savvy guest who’s joined us today…!

It’ll probably come as no surprise to you who the Money Queen is… but we’ll take no chances… and remove all doubt as to who Effie Zahos is!!! She is indeed the “Money” Queen… as in Money Magazine‘s finance editor for over 22 years! Well, we should say WAS the editor cos up until very recently, Effie decided to hang up her Money boots and walk in her own shoes instead… and she’s JUST released a brand new book, A Real Girl’s Guide to Money: From Converse to Louboutins!!
And today she’s sharing her best Money Hacks and financial tips so that you can stay on track of your hard-earned cash and make sure you have enough in retirement!

And, yep, if you hadn’t put two and two together yet… Effie’s personally worked alongside the likes of the Original Money Guru, Paul Clitheroe — our 200th episode’s very special guest — for a couple of, ahh, DECADES.

So you’re in VERY safe hands!

Also in today’s ep, we let the cat out of the bag on Bryce’s Brand New Free 3-Part Video Series…

[REVEALED] The Money Saving Hacks The Banks Don’t Want You To Know About —- Free 3-Part Video Series

Money Saving Hack #1 — How To Make Sure You NEVER Pay Interest on Your Credit Card

Money Saving Hack #2 — How To Never Unconsciously Overspend Ever Again

Money Saving Hack #3 — How To Put Your Finances on Autopilot

Fill in the form below and we’ll email you the videos right away!

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Oh and folks, Effie Zahos has been generous enough to EXTEND THE DISCOUNT on her brand new book… A Real Girl’s Guide to Money – From Converse to Louboutins… until 08/07/19!!!

To access the discount, head here: https://www.magshop.com.au/a-real-girls-guide-to-money
… And put in this code: HREAL19

Once entered, the discounted price will be $19.99. Instead of the RRP of $24.99 😉👍 #MoneySMARTS

 

Here’s what you’re about to learn from the Money Queen…

And of course, if you’re interested to get a copy of Effie’s book, we’ve got TWO copies to giveaway!! Just tell us your #1 Money Hack on Facebook for your chance to win!

RBA June 2019 Announcement – Why there’s more to this Rate Cut than you think…

So… no surprises here folks. We’ve got a rate cut!

Phillip Lowe has already indicated RBA’s decision to cut the cash rate two weeks ago at his Address to the Economic Society of Australia.

Nonetheless, we are still excited to share that the cash rate is now at 1.25%.

AND there are heaps to unpack today folks and is probably the longest RBA Commentary that Ben has ever done. Before we get there, here are a few resources that he’s mentioned:

 

Now, let’s dive into RBA June 2019 Cash Rate Announcement!

 

 

p.s. And here’s a little teaser. 😉

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

234 | Have We Bottomed Out Sooner Than We Thought? The Exclusive Data Insights from Louis Christopher from SQM Research

Well, well, well…. Have we hit the bottom of the market folks???

In the shadows of the election — aka the Coalition’s surprise victory — it appears that confidence has returned to the property market!

And now the crystal ball question — “When’s the bottom of the property market happening?”may not be as cryptic (or as distant from us!!) as we first thought!

So. What do we mean by this?

Well, let’s put it another way… We jumped on a plane last week especially to bring you back the insights from today’s guest!!! And you just might recognise him —Louis Christopher the Director of SQM Research and one of Australia’s most respected and impartial Research Property Analysts. He has extensive knowledge and experience of property and is regular quoted in the media on his insights!

And he’s NOT afraid to tell it like it is.

So… what’s his latest data suggesting?

Before you meet the man behind the media and get to hear his forecasts, we just want to remind you that, yes, even though PICA likely had a bit of an impact on the election results, our work on behalf of all Australian property investors is by no means done.

And as Ben talks about in today’s show —- there’s obvious MUCH more PICA’s aiming to achieve, so if you’d like to become a member for as little as $5, please Become a Member Today.

Is something stopping you from joining PICA? Let Ben know here.

Here’s what we discuss in today’s episode:

  • What happened with Louis’s grandma that made him interested in property?
  • What’d he do to make his tenants pay rent on time? (Warning: not for everyone!)
  • What used to happen in the data space?
  • Why was there controversy starting SQM?
  • What data was he desperate to get his hands on? How’d they get it?
  • What does SQM stand for?
  • What else do they measure aside from property data?
  • How do they pick the turning point of the market place?
  • How often do they “get it right”?
  • Are the observations coming out from the election revealing a trend?
  • What does he see happening in the next 2 – 4 years?
  • And what had he modelled if Liberal was re-elected?
  • How has the uncertainty of the market been lifted?
  • How will APRA’s recent changes affect the property market?
  • Will the RBA cut their rate by MORE than 25 basis points next month?
  • What are the issues with Auction Clearance Rates?
  • Can they forecast for Capital Growth?
  • What do they use at a locality level vs the macro level?
  • How does he measure fair market value?
  • Is it a good idea to have a market that’s totally dependent on housing?
  • Is the Australian economy looking up?
  • Why’s it hard to create inflation if there is so much debt?
  • What happened to rents and construction levels in 1985?
  • What makes for a good economy?
  • The First Home Buyers Deposit Scheme: Will it have a material or immaterial impact on the property market?
  • What do we think of the NRAS scheme?
  • Is it time to invest in Perth??
  • Does a rental market predict that capital growth will likely happen?

AND THE BIGGIE…

  • When’s the bottom of the market likely going to happen?

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