In today’s investment webinar we discussed the RBA’s recently unveiled plans to drop interest rates to unprecedented levels to support the Australian economy and property market, but the million dollar question is, will it work?
To help determine this, MB Fund’s Head of Investments Damien Klassen and Head of Advice Tim Fuller are joined by Martin North of Digital Finance Analytics to show his latest housing and economic data. This includes the latest in Australian property, covering the impacts of covid-19, household financial confidence, listings, mortgage stress and dwelling values
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Go to 3:18 to skip the ‘starting soon’ screen. It will be removed tomorrow once YouTube processes the stream
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Tim Fuller is Head of Advice at the MacroBusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.
- MB Fund Podcast: Aussie property and COVID-19. With Martin North - November 13, 2020
- MB Fund Podcast: The future of manufacturing and energy in Australia, with David Morgan - November 6, 2020
- MB Fund Podcast special: Trading the US election, RBA rate cut and China export chaos - November 6, 2020
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I’m as much of a bear as anyone, but it’s not working out here in rural Australia, where prices are surging.
Yeah, its all those people working from home who realise they could be locked up in a sky shoe box in Melbourne, or roaming freely in a rural area for 1/2 the price.
Even places like Portland in Vic have gone up.
I think I have to capitulate. Logic is clearly the wrong approach.
Logic = no
CoreLogic = yes
Youtube is down
Youtube is back
Yep, thanks, we noticed this before starting the show and wanted to make sure it was 100% working
when will you bring real property experts like reusa to the show?
Our viewer question of the week:
Do you plan on buying investment property in 2021? If so, where?
Vancouver
Wage growth can’t happen with the short or long immigration under the various heads which increases workforce. Very interesting for pension funds and self funded retirees,
Two things made us buy in September. First being trapped in a 1br high-rise rental unit during COVID was terrible with us both working from home and it also made us want a nicer place to live and some stability and a real house with no strata etc. Second we workout out that with our ~50% deposit that the interest (rent to the bank) was less than 1/2 of our rent. And principal payments are like forced savings (assuming it remains the same price – not even thinking of it as an investment for capital growth). What would hurt our assumptions is a huge increase in interest rates (but they could double and it would only be where our rent was) or huge price falls. With price, even if it fell by 20-30%, while that would not be ideal our deposit means we’d still have considerable equity and we are planning on staying here forever.
Sounds like a smart call to me. Over the long term the risks neutralise.
That’s my thinking too. All it took was the lowest interest rates in our history to win me over.
I give up with it
Hard work is the only thing that’s ever worked for me. I’m sticking to the pokies for easy money