"Economic slowdown is a worry" Mark Bouris & Stephen Koukoulas Monthly Update
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- čas přidán 16. 03. 2024
- Property Insights with Mark Bouris returns with our monthly expert guest, economist Stephen Koukoulas, to discuss all the latest market updates, including the changed Reserve Bank meeting schedule ahead of the RBA's March 19th board announcement.
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Australian interest rates will not come down in 2024.
Unemployment is low , property prices are high , electricity prices are rising due to the costly transition , fuel prices are still high , driving costs and prices up.
Interest rates went up at a record rate, the cost of living has double in 18 months and people have extended themselves to the max to even buy a place. Simply put life has become too expensive and it doesn't matter how much you earn. No substantial payrises in the last 10-12 years.. and on the horizon there are more mass redundancies, well being has been incinerated - yet people are told to 'just hang in there' .. yeah right.
BTW this doesn't factor in the maintenance costs which is the real destroyer for owner/occupiers.. it keeps putting you further behind. Really horrible feeling.
Australia is quickly resembling Japan in 1989 when the total valuation of residential property hit $5 Trillion what followed was 2 decades of stagnant growth and collapsed valuations . Australia last month hit $10 trillion for 11 million properties . GDP falling is a red flag signal
15 years of stagnant growth in stock market. Probably another 5 years worth the rotation back in! Property does look dicey for a very long time...
If this is the case... what's you advice for investing / saving to keep pace with inflation which is sure to raise its head again?
@@jamesmclean47 adopt a sovereign mindset . Reduce the amount of authority the external environment has over you , that includes banks ! Reduce debt , have years worth of cash on hand at least then invest every dollar over that amount in a business or something that generates income IN not income OUT
@@HS-PGAThankyou for your response and thoughts.
The difference is AU currently have strong population growth and very limited housing supply that could not keep up.
God damn it, an entire generation pumping gas, waiting tables, slaves with white collars, advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of the history man, no purpose or place, we have no Great war, no Great depression, our great war is a spiritual war, our great depression is our lives, we've been all raised by television to believe that one day we'd all be millionaires and movie gods and rock stars, but we won't and we're slowly learning that fact. and we're very very pissed off.
Tyler Durden
listen up ,go get yourself 2 or 3 jobs and keep away from woman ,money is still less then 18% ,which is what i was paying ,but yeah property is ten time more then i was paying in the 80,s
So well summarized, shame the general population are blindly following each other like lemmings falling off the cliff
Yes! This is me!
Look at history...the surf class has been suppressed since the dawn of time... It's only since WW2 have we seen such wealth ....it's over now?!! ... Redesign your life, go regional.. and lower your expectations and enjoy your life 🧬 if you stay in the city and chase that dream you will be miserable.
The things you own, end up owning you.”
Meanwhile many businesses have gone under … people losing their homes… homelessness rising.. so overall … things are shit!!
Why would slowdown be a worry? It's about time I say.
Mark please make more regular content 👌🏻
We sure will!
Kouky you bloody legend!
Another great show guys!
The smart ones were saying we would pay the price for the policies through covid. It's just sad that the young people are paying the most
Economic downturn??? My car insurance went up 80% with no change in anything. Please RBA. Keep rates at these 30 years long term averages as any decrease will ignite the inflation more than the 80% I am experiencing in the real world.
A combined income of $250 k sounds like a lot but it really isn’t these days.
Now you need 200k each as a couple to get ahead.
So true, the wife and I are on a combined income of close to 300k and with all the essential out goings mortgage, insurance, food etc 50% of our monthly income is gone. Add to that all subscription based products, living is rather expensive.
@@beardsandbikes191 Straya
I'll gladly swap incomes with you and your partner
Yeah me too
GDP per capitia is not linked to standard of living. Take Japan as an example. Perpetual growth has side effects.
100% Agree see my comment above about Japan
Interesting discussion, but inevitably pointless.
When the main focus is on the price of credit (interest rates) in relation to a mandated depreciating (inflation) currency, the outcome is already predetermined - it’s only a question of when
First time watching. Great explanation in laymen terms. Thanks. Great stuff.
Ray Dalio has a video on how the economy works, where we are right now is not a good place to be and i have no confidence in our government to get our landing right
It had to happen. After covid, half of all businesses in Australia have shut their doors. We never analyse the inevitable. A few interest rate rises and the country is stuffed! Makes you wonder the role of DEBT in our society?
Albo takes advice from Kouk. Now you know why we're in the mess we're in...
What’s your beef with Kouk, he makes a fair amount of sense
Where is your proof mate!
If ScoMo was still here, he would have taken a holiday to Hawaii for a mental break. What do you know about economics to make such comments? You sound like you might be paid by the Liberal party propaganda machine
Thank you Mark & Stephen, another insightful update..great work. Keep it up
Glad you enjoyed it
February new vehicle sales smashed records again in February. Who's struggling?
how many cash buyers 😂
Mark please create a show that helps keep our tech here .
Correct, Correct, Correct, Correct, Correct, Correct, Correct, Correct, Correct. Are you sure ? Perhaps you agree, many may not.
22:30: We're here with inflation? I'm still experiencing price rises everywhere. Not at the same level as previously, but just small stuff like a fruit salad at my local deli, going from $5 to $5.50. Modest 10% inflation here and there. Nothing major. And filing up with BP ultimate the other day at $2.53.
Fantastic conversations, Cheers
love the show👊
Economist is a really special class of profession. If a doctor made a mistake and kill someone, he will go jail. If an economist makes mistakes with their forecast and the economy crashes, they can move on the next forecast.
They make weather forecasters look brilliant.
Loved it all, however inflation will not go south. Interest rates will rise.
Black shirt getting serious now. This is released too close to RBA - should give a week or so beforehand
Looks like rates are going to be on hold for a lot longer . Employment is going in the opposite direction you guys predicted
People aren't going to uni do a cool course.. They're doing the courses that get you a job that pays well. Why go to uni get a 100k debt to get a badly paid job?
Thanks again, much appreciated. 🍻
20:05: You're nervous about 0.2? I'm sh#t scared of this 0.2! Somehow, despite GDP growth of 0.2%, Aussies seem to have become crazy crazy rich. Seen what they're paying for basic housing these days? It's like they've got money burning a hole in their pocket, and just have to off load it.
Flipping heck, imagine if GDP growth was 0.7 or 0.8%?
Well done guys. Great content 🎉
Great update Mark
Should do a show after the RBA decision too to also break down what she says at the press conference
Don’t forget to adjust the GDP numbers to inflation to get the real picture
Actually that already happens. Nominal GDP, as published by the ABS, is always deflated by CPI.
The Business sector is anti Entrepreneur and shouldn't be called Business because the Corporations can call themselves Business and yet they pay hardly any tax while the bulk to taxpayers are just employees of a Corporation, whether that be the public or private sector.
Please, please, please prepare everyone! Vern Gowdie predicted this!
7:00: No shortage of building trades?
When you importing people in record numbers and not building Enough houses the trades aren’t the problem
Why was this uploaded a week late? The Data is a week old…
My money is on first rate cut will be in May then hold after that. As it normally takes about three months for the effect to trickle through the economy. The economy is cooling down way to fast and accelerating month by month to provident that hard landing they trying to avoid.
There is two speed economy most economic economy is fine. People just going cheaper alternatives. Spoke to alot of people and businesses.
Bs
Interesting video gents.
I see inflation as a hidden tax as the govt do not want more than a couple of % otherwise people scream with high inflation but accept 2% thereabouts ….
At 2% inflation the value of the A$ devalues by 50% in 25 years ….
3:03: I'm getting more worried that we wont get a collapse. Basically, I'm getting priced out of my own country by super rich Aussies. Basically ALL Aussies now, expect for Aircraft Maintenance Engineers, have become insanely rich. Hence why Aussies are pushing up house prices so much. They can afford to!
you have been so wrong the past year you guys are clueless
People watching this angry at houses prices, angry at rents, angry at costs of living and rightfully so! Angry cause they dont know when/how the RBA will turn the knobs on Aus monetary policy. Bitcoiners watching this happily knowing they opted out of a corrupt system and that they know the exact monetary policy plan for the next 100 years. Study #Bitcoin
So many people got creamed by bitcoin and this sudden spike will be followed by the predictable crash again!🤣
their will be another rate rise and due to war aid as well spending by gov and and the gov drives inflation tax here we 80 percent will go broke mr Kiyosaki rich dad poor dad
🤡🤡🤡