Another month down and yet another close call by the RBA! Welcome back to Ben’s RBA and Economic Update.  

Join Ben as he unpacks the RBA’s latest decision. He delves into the impact of rising interest rates in the US and the intricacies of the woes happening in the home-building landscape.

Additionally, he provides in-depth insights into the latest property market updates, offering a comprehensive view of the evolving industry.

In today’s RBA release, here are our key themes for this month’s economic update:

👉 Interest Rates went up in the US again – Ben unpacks why

👉 There are more problems brewing in the home-building space – which could be an opportunity for some

👉 And then hang around to hear Ben’s property update section, as he added a little bonus mid-year property outlook update for you

Tune in to stay updated on the latest market developments and gain valuable insights for making informed financial decisions. Watch the video below!

And here are all the time stamps!  

• 00:00 – What I am covering today 

World Economic Update Segment: 

• 0:55 – United States Update 
• 1:22 – United States: GDP Results  
• 3:38 – United States: Interest Rates
• 4:15 – United States: Inflation 
• 7:20 – United States: Employment
• 8:15 – United States: Consumer Sentiment
• 8:55 – United States: Business Data
• 10:15 – China: GDP Results  
• 13:05 – China: Employment
• 14:22 – Europe: GDP Results  
• 15:10 – Europe: Inflation
• 15:50 – Europe: Interest Rates
• 16:35 – Europe: Employment 

 Australian Economy Segment 

• 17:25 – The Cash Rate Announcement! 
• 22:10 – Inflation Story 
• 24:50 – Labor Force Data 
• 26:00 – Consumer Sentiment 
• 29:35 – Business Data
   

Australian Property Market Update 

• 32:30 – The Property Story  
• 34:12 – Challenges in the Residential Sector
• 38:35 – CoreLogic’s Home Value Index: August 2023 
• 44:15 – Ben’s Australian Property Market Update (watch the full video here)

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 that you 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 into Moorr, 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

Another month down and yet another close call by the RBA! Welcome back to Ben’s RBA and Economic Update.   Join Ben as he unpacks the RBA’s latest decision. From navigating loan default aversion to the RBA’s interest rate dilemma, the Aussie economy’s wage growth vs productivity battle, mortgage prison insights, cash flow management tips, and unexpected property price surges.   Tune in to stay updated on the latest market developments and gain valuable insights for making informed financial decisions.  In today’s RBA release, here are our key themes for this month’s economic update:  👉 The US avoids a loan default  👉 The RBA’s tough call on interest rates  👉 Taking a deeper dive into the Aussie economy looking at:  

• Wages growth vs productivity is the new battle growth for inflation 
• Some news for anyone stuck in Mortgage Prison as well as some important cash flow management tips to navigate through changing money landscape 

👉 Latest property update where Ben shares his views on why property prices are growing, and why they are growing even faster than expected!  Tune in now or watch the video below!   And here are all the time stamps!   00:00 – What Ben is covering today  World Economic Update Segment:  0:55 – United States Update  1:08 – United States: Debt Ceiling 4:10 – United States: Inflation   6:00 – United States: Interest Rates 6:50 – United States: Employment 7:50 – United States: Consumer Sentiment  8:25 – United States: Business Data 9:50 – China: Not focusing on China this month as not much has changed month on month 10:15 – Europe: Inflation  11:25 – Europe: Interest Rates 12:20 – Europe: Employment    Australian Economy Segment  13:30 – The Cash Rate Announcement!  17:45 – Mortgage Stress  25:50 – Ben’s Message  26:50 – Inflation  31:10 – Labor Force Data  37:25 – Wage Price Index Data   39:40 – Employment Data   43:00 – Consumer Sentiment  45:10 – Retail Sales / Consumer Spending  47:00 – Business Confidence & Conditions   Australian Property Market Update  51:15 – Property Data: Lending 52:58 – Building Approvals 56:51 – CoreLogic’s Home Value Index – May 2023  58:15 – What’s Driving Property Prices? 1:08:40 – Overall Property Outlook 

Other Stuff Mentioned:

Check out this demo video for the Moorr MoneyStretch: https://youtu.be/ol0vocKqcr0

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 that you 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 into Moorr, 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