This week we return to our podcast episodes recorded prior to Coronavirus. In this episode, we discuss offset accounts, God’s gift to mortgage strategy! The effective use of offset accounts is one of our Top 5 strategies for creating wealth through property, it greases the wheels of the other mortgage strategies - optimisng tax deductions, ability to hold and accumulate property, money management system, risk management and offset accounts.
In the eighth Podcast since Covid-19 took hold, we turned our thoughts to the property market and the multitude of forces that determine its trajectory. We look at the stabilisers, head winds and yes, even tail winds, despite what the mass media might have you believe!
Covid podcast special #7 – Recovery lessons from recent recessions, the great depression, GFC & Spanish Flu – the market forecast
In the seventh Podcast since Covid-19 took hold, we turned our thoughts to the alarmist headlines emerging, warning that the property market will drop by 20-30%. Why in all likelihood that won’t be the case by taking a critical eye to data and forecasting, and jumping in the time machine to look at the economic impact of previous pandemics and recessions on the property market.
In the sixth Podcast since Covid-19 took hold, we turned our thoughts to focusing on planning for your next decision, as the governments start planning for, and in some cases such as WA and QLD, removing restrictions to open up the economy. It takes time to develop your property plan and selection strategy for the next purchase. This all happens before you can even begin the searching process and get your finance approved.
We continue to share our hand selected articles in our sections 'Property', 'Government' and 'Economy', and also include links to government support packages, for business owners, employees, job seekers, landlords and tenants. We also include prescient articles on the Covid-19 data, research and strategies that shape the analysis of the economy and property markets. Here is our pick of the best – 23 April 1. Post Easter Week Sees A Rise In Scheduled Volumes, However Challenges Remain As Withdrawn Numbers Continue To Weigh Down Success Rates 2. Tax reform heads RBA's wish list 3. Australia’s success implies we've over-stimulated 4. Provide incentives for using the tracing app 5. Covid-19 medical trial to treat thousands with HIV, malaria drugs 6. Solving the mortgage debt crisis no one is talking about
In the fifth Podcast in our Covid-19 specials recorded on Monday, we turned our thoughts to focusing on the green shoots, sprouting here and there, marking the early signs of recovery. In the last week, state governments have been talking about lifting restrictions, sporting bodies have been working through their plan to get back on the field and elective surgeries are back on the agenda. These are just a few of the things that have the ability to impact market sentiment.
We continue to share our hand selected articles and break them up into categories including 'Property', 'Government Assistance Links' and 'Economy', which includes articles on the Covid-19 data, research and strategies as these directly feed into the analysis of the economy and property markets. Here is our pick of the best: April 21 1. CoreLogic monthly housing market update 2. NSW, Victoria push to replace stamp duty with land tax 3. Why most Covid-19 forecasts were wrong 4. Australian government plans to bring in mobile phone app to track people with coronavirus 5. School shutdowns could be reviewed, Premier says 6. How to make the most of a crisis 7. Why random testing is the road back to normal 8. And more!
With so much misinformation out there, to share with you some of the better articles and data we have digested recently. Our goal is to help you ‘cut through the noise’ and provide snippets of the ‘light at the end of the tunnel’, to educate and empower you, our clients and readers, to make great property, mortgage and money decisions. Here is our pick of the best: April 14 1. Victoria backtracks on open inspection curbs 2. 'Recipe for chaos': Andrews told to end uncertainty and unveil rental rules 3. SMEs have two years to pay deferred rent 4. NSW Government to announce $440 million coronavirus rental assistance with moratorium on forced evictions 5. NSW gives 25pc land tax relief to landlords 6. Infection rate falls below one, raising hopes virus is fading 7. Oxford University says its coronavirus vaccine could be ready by September 8. Prime Minister pivots to an early exit 9. Australia has flattened curve, and US infections about to peak
Covid podcast special #4 – The update for residential and commercial landlords & tenants, vendors, Airbnb and your mortgage strategy!
In this episode David Johnston, Cate Bakos and Peter Koulizos take you through: 1. Restrictions on landlords – as the state governments enact ‘no evictions’ for non-payment of rent, preventions on rental increases and inspections done via video conference. 2. What to do if your tenant is unable to pay rent – if you have a stable income, now is the time to refinance to reduce repayments, get on a lower rate, consolidate debt, access equity to increase your liquidity bridge to get you through to the other side. Be clear on your landlord insurance and what it does or does not cover. Get on the phone with your lender and swap to interest only – ASIC has updated their responsible lending guidelines to allow for this. Repayment pauses are available and should be an option of last resort as most lenders are capitalising interest. 3. Tenants who are falling through the cracks – international students, those on temporary visas and people casually employed for less than 12 months do not meet JobKeeper and Jobseeker criteria. 4. Regulations for commercial rentals – if your business has been impacted by Covid-19, your rent must be decreased by 50% of the revenue lost, if you have lost more than 30% revenue, with 2 years to make up the difference. 5. The longer-term impact to the commercial rental market as businesses successfully work from home. 6. Lack of regulation for residential rentals as the rental market takes a dip – landlords encouraged to cut a deal with their tenants and real estate agents left to decide how this process is managed. Anecdotally, rents have decreased by 5-15% due to decreasing demand. On the supply side, Airbnb and other properties which were short-stay rentals are set to come onto the market in droves. 7. Increasing difficulty to sell – as Consumer Affairs Victoria has quickly revoked their regulation announced last week that occupied homes could not host open for inspections. 8. And of course, our ‘gold nuggets’!
With so much misinformation out there, to share with you some of the better articles and data we have digested recently. Our goal is to help you ‘cut through the noise’ and provide snippets of the ‘light at the end of the tunnel’, to educate and empower you, our clients and readers, to make great property, mortgage and money decisions. Here is our pick of the best: April 8 1. PM plans staggered virus exit 2. Coronavirus: Why Australia’s death rate is so low compared to other countries 3. Mesoblast scores virus breakthrough 4. COVID-19's intergenerational wealth transfer 5. Crisis calls for a double guarantee covering wages and loans 6. 'This is going to change the entire real estate industry'