In this episode of the MY Podcast, Dr. Andrew Wilson & Brett Warren and I discuss the implications of recent interest rate cuts on the housing market.

In a highly anticipated decision, the Reserve Bank of Australia cut interest rates for the first time in more than four years, easing cost of living pressures and opening the door for the government to call an early election.

In today’s whow Podcast, Dr. Andrew Wilson & Brett Warren and I discuss the implications of recent interest rate cuts on the housing market.

We explain that the Reserve Bank was cautious about the outlook, noting the labor market remains strong and the global economic outlook is uncertain. Conflicting signals on the economy mean multiple rate cuts this year are unlikely.

In cutting the cash rate to 4.1%, RBA governor Michele Bullock said market forecasts for three more rate cuts this year were “far too confident” and the board needed more evidence inflation was sustainably back in its 2-3% target band.

But the rate cut is crucial to the government’s narrative of an improving economy.

Takeaways

Interest rate cuts stimulate the economy.
Confidence is a big driver of our housing market.
The Bank of Mum and Dad is becoming more active.
Melbourne is an opportunist market right now.
The chance of recession is very limited.
True wealth is more than just money and property.
A change in your life starts with a decision.
Balance is better understood over time, not daily.

Links and Resources:

Michael Yardney

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Brett Warren - National Director of Property at Metropole

Dr. Andrew Wilson – My Housing Market

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Shownotes plus more here: Time-Sensitive: RBA’s Bold Bet: Unpacking the Latest Move with Dr. Andrew Wilson & Brett Warren

Time-Sensitive: RBA’s Bold Bet: Unpacking the Latest Move with Dr. Andrew Wilson & Brett Warren

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast