This is an edited version of our latest live show. This week Damien Klassen from Walk The World Funds and Nucleus Wealth discussed the markets and his latest analysis.
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Go to the Walk The World Universe at https://walktheworld.com.au/
Steve from Canstar and I discuss the latest RBA decision, and its implications, and explore the impact on households and their budgets. What can be done?
I caught up with Tony Locantro from Alto Capital in Perth , to discuss the current dynamics across markets, property and more. Managed to fill my bingo card again, but the messages are so relevant given the current state of play!
Latest data shows that more recent property purchases are being sold not long after buying, and some are going for a loss relative to their previous purchase prices (plus of course the various costs of transfer).
This is another sign of rising distress in the markets, with a focus on recent buyers (especially first time buyers in the past coupled of years) now faced with surging mortgage repayment costs. Areas in Melbourne and Sydney are most impacted so far.
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Go to the Walk The World Universe at https://walktheworld.com.au/
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The latest from the ABS on retail turnover looked superficially stronger (and again the MSM went to town). But correcting for population growth and inflation it is a different story, and we know some are cutting back hard, while others are spending big on the offers and discount incentives. Nothing here to stop the RBA, in my view.
Another rant with Edwin, ahead of our live show tomorrow (8pm Sydney time Tuesday). What is playing out is a potential win for the construction sector, but many home owners and prospective purchasers are facing an uphill journey in the current environment.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
In this weeks live stream I will be joined by our regular property inside Edwin Almeida to explore the real stories about property gone bad. While everyone inspecting property seems to be sizing up their opposition, there are important things to examine, from the roof void to the basement and under floor areas.
Join us for a live discussion tonight, you can ask a question live. We will look at the latest from our surveys, as well as the RBA’s minutes which were out today.
The latest from the ABS highlights the rising number of workers with multiple jobs in an attempt to cover the rising costs of living. Many women working part-time in healthcare and related sectors are impacted.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/