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Market Updates
In this episode David Johnston, Cate Bakos and Peter Koulizos take you through what’s happening with residential and commercial landlords & tenants, vendors, Airbnb and your mortgage strategy
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’
In this episode David Johnston, Cate Bakos and Peter Koulizos take you through markets starting to open up, why values won’t drop, but rental yields may not be so lucky. How ASIC has allowed switching to interest only without a full affordability assessment and mortgage repayment pauses.
ASIC has provided confirmation to lenders that a change from principal and interest to interest only repayments can be made if a consumer requests to reduce their repayments and in the short-term.
Nila Sweeney from the Australian Financial Review, published her exclusive overnight, for which David Johnston provided some insights, in her article “No breach for lenders as homeowners switch to interest-only.”
In this episode, Cate, Dave and Pete take you through the unaddressed impact to landlords, how self-funded retires relying on rental income could be assisted. Why now is the best time to refinance to get your risk management strategy in place. The implication of government stimulus.
In this episode, Cate, Dave and Pete take you through a detailed update on the status of financial markets, historical market comparison, government stimulus, support for SME, temporarily unemployed and vulnerable consumers. The vital role banks are playing.
