We've all seen the curve and we appreciate the reasons for trying to flatten the curve. No interventions (red curve) means more deaths and a healthcare system not coping. Intervention…
Yes. Dr Phillip Lowe did as he promised last week in Armidale. Our third rate cut this year. Here is what the official statement said. "At its meeting today, the…
The Reserve Bank of Australia is widely tipped to reduce interest rates again to historic lows. Easton Wealth economist Emmanuel Calligeris explores the impact. Australia and world volatility The ongoing…
Josh (Frydenberg, Treasurer) is about to return a budget surplus...This year. Phil (Lowe, Governor of the Reserve Bank) is about to cut rates again...on Tuesday, my 54th birthday. At a…
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. The ATO is…
When I sit with clients I routinely talk about the things that have been worrying "the markets" over the last several years (and for that matter the last few weeks…
Could property, Australia’s salvation, ever cause you and me a recession?
Yes.
Will we have a recession?
Maybe. (Recessions used to be normal).
I have only ever worked through one recession, the one Paul Keating said “we had to have” in 1991. I’ve seen my fair share of ups and downs.
Since 1991 our property market has helped Australia avoid recessions, including in 2001 and 2008.
I am alert but not surprised at the number of people who think falling property prices are over. The fat lady is asleep in the dressing room.
It’s true Sydney and Melbourne auction clearance rates have stabilised but these are on very low volumes. Perhaps there is a bit of a pre-election rush to negatively gear.
In a speech last week on the housing market, Reserve Bank Governor Phillip Lowe said
At some point, though, the lower prices draw more buyers into the market. First home owners find it easier to buy a home, investors are attracted back into the market, and trade-up buyers take the opportunity to upgrade to the home they have always wanted. These shifts in sentiment and momentum are seen in most housing cycles, but their precise timing is difficult to predict.
More than they do.
I have several multigenerational clients and I recently counselled a very wealthy patriarch that instead of having yet another family office conference about family money, it may be a better idea to have a family holiday. They did and my invitation was lost in the mail.
This advice is the exception that proves my rule. In my experience, most families are happy to share innermost secrets on most subjects: fun, politics, religion, sex, health.
This advice is the exception that proves my rule. In my experience most families are happy to share innermost secrets on most subjects: fun, politics, religion, sex, health.