Sneak peek – Oliver’s insights Podcast: Ep#98

Episode #98: Australian home prices up on supply shortfall, but at risk from high rates The last three major cyclical upswings in home prices have required lower interest rates to be sustained. With rate cuts still a long way away, AMP’s Chief Economist Shane Oliver looks at why the risk of another leg down in prices is high next year, particularly if unemployment rises significantly, and the key indicators to watch in the months ahead. …

Monthly Winner for August 2023 – Financial Partners (TAS)

Congrats to our August Winner — Jatin wins a $500 Bunnings voucher! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank-you gift. This month’s winner is Jatin, and they’ve…

Oliver’s Insights – Five Reasons To Expect A Cooling In The Australian Property Market And Falling Prices In 2023

Five reasons to expect a cooling in the Australian property market and falling prices in 2023   Key Points After a 22% rise in Australian home prices this year, they are expected to slow to 5% growth in 2022 with prices likely to fall 5-10% in 2023. The main drivers behind the slowdown are: worsening affordability; rising supply; rising rates; macro prudential tightening; & a rotation in spending away from housing. The main risks on …

12-things-Ive-learned-from-renovating

12 things I’ve learned from renovating AMP’s Sandy Maxwell tries to create his dream home Thinking of renovating? You’re not alone. Sometimes it can feel as though the whole country is busy demolishing, sawing, painting, tiling, bricklaying… While new builds attract the bulk of our dollar spend, renovations are increasingly popular, perhaps reflecting a desire to fortify our castle defences from all the COVID craziness out there. In the March 2021 quarter, Australians spent $16.2bn …

Should you use property to fund your retirement?

Should you use property to fund your retirement? While property may seem like a good way to build – and hold – wealth, is it actually possible to use it as a way to fund your retirement? Superannuation, shares, property, cash, other investments… a dizzying number of options are available when it comes to living comfortably through retirement. Financial advisers often promote a diversified portfolio to reduce the risk of concentrating ‘all eggs in one …

COVID-19 real estate trends: The fire break or the accelerant? | AMP Capital

COVID-19 real estate trends: The fire break or the accelerant? As the world tried to make sense of the COVID-19 crisis through the first half of 2020, one of the most striking themes was the way in which the pandemic had accelerated a number of trends across commerce and society. Two of these – e-commerce and flexible working – were particularly significant for the property sector, in their effect and long-term implications for retail, industrial …

Back in Style: Rapid COVID recovery a kick starter for the retail sector | AMP Capital

Back in Style: Rapid COVID recovery a kick starter for the retail sector While “rona” was selected by Macquarie Dictionary as 2020’s word of the year, “stir-crazy” would have made it onto many peoples’ shortlists. From closed borders to seating quotas, we have had to contend with various forms of restrictions since the onset of the COVID-19 pandemic. Thankfully, cases in Australia have remained under control and life has started to return to normal with …

RBA concerns underline mid-to-long term risks for the housing market

RBA concerns underline mid-to-long term risks for the housing market One of the more interesting snippets of information to come out of the minutes of the February meeting of the Reserve Bank Board was an acknowledgement by members of the risks generated by a low-rate environment and, in particular, those “linked to higher leverage and asset prices, particularly in the housing market”. They weren’t concerned enough to detour from their stimulus program, but the RBA …

Mixed outlook for Australian housing amid prolonged pandemic

  Mixed outlook for Australian housing amid prolonged pandemic   A relatively high rate of unemployment across the nation, coupled with a freeze on immigration, and consequently population growth, might ordinarily spell bad news for the housing market. Instead, Australian capital city average dwelling prices rose 0.2% in October, according to CoreLogic, the first monthly gain since April and hot on the heels of a cumulative contraction of almost 3% between April and September. Prices …