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Has Australian property bottomed? 🎢 Rates on hold & the big impact of WFH & artificial intelligence | Pete & Chris cover the 3 biggest property news stories | 2️⃣ Sense

Has Australian property bottomed? 🎢 Rates on hold & the big impact of WFH & artificial intelligence | Pete & Chris cover the 3 biggest property news stories | 2️⃣ Sense

Expert buyer's agent Pete Wargent and mortgage broker Chris Bates cover the 3 biggest news stories this week on The Australian Property Podcast.

Australian Property Podcast

April 8, 202338m 11s

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Show Notes

Leading Australian property buying expert Pete Wargent and top mortgage broker Chris Bates jump into this weeks' top 3 news stories for property investors in our super-popular "2 Sense Property" segment on The Australian Property Podcast.

SHOW NOTES: https://www.raskmedia.com.au/2023/04/02/banking-crisis-nsw-election/

In this episode of The Australian Property Podcast:

  • The Reserve Bank of Australia - ON HOLD!
  • Early indications from spending trackers (like ANZ data) is that spending slowed in March
  • A retail recession?
  • Has the housing market already ‘bottomed’?
  • SQM Research now forecasts gains in 2023, especially in Sydney where rents are rocketing, and also in Perth!
  • The "bottom of the market is a process, rather than an event" - Pete Wargent
  • What's the impact of WFH and AI on knowledge workers?
  • Could lead to some amazing productivity gains for some people
  • On the other hand, could replace many jobs and leave lower-skilled workers with nothing to do. Then what? UBI? 
  • Like with the internet, social media, and iPhone, it will be up to you to position yourself to benefit, rather than lose out

Australian Property Podcast resources:


INFORMATION WARNING!

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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