[Podcast] Economic Indicators That Property Investors Must Know About | Big Picture Podcast with Pete Wargent

Welcome to another monthly Big Picture episode of the Michael Yardney podcast.

Each month, I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views.

In this episode, we explore a range of topics from inflation and government spending to property investment strategies and market trends.

• The Reserve Bank of Australia's strategies to manage inflation and the implications of government spending on the economy
• The easing of inflationary pressures due to falling oil and commodity prices,
• Cooling trends in building costs and rental prices
• The positive effects of high population growth
  • Strong job creation, particularly in the public sector
  • A buoyant stock market
• "The Buy Right Approach to Property Investing," a new book co-authored by Pete Wargent and Cate Bakos, emphasizes due diligence, long-term planning, and risk management
• The contrasting narratives surrounding the Australian housing market
  • Recent ABS statistics show a rise in home lending among owner-occupiers and investors
• Ongoing challenges in housing construction and the impact on meeting government targets for new homes
• Housing market trends across different cities

Hopefully, we’ve provided a nuanced perspective on navigating the current economic environment and making informed property investment decisions today.

Links and Resources:

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

Get a bundle of free reports and eBooks – www.PodcastBonus.com.au

Pete Wargent’s blog

Pete Wargent’s new book, The Buy Right Approach to Property Investing

Pete’s podcast episode we mentioned

Get a bundle of free reports and eBooks – www.PodcastBonus.com.au

Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.

Some of our favorite quotes from the show:

“There was the fixed interest rate cliff and all the other cliffs that didn't occur. Australians would rather eat Maggi noodles than sell up their homes, and banks don't particularly want people to sell up. If they do sell up, where are they going to live?” - Michael Yardney

“The most recent ABS statistics showed that there's a growing number of people buying homes, including first home buyers, particularly investors.” - Michael Yardney

“Humans are hardwired to seek rewards for their efforts. That's why, if no one's rewarding you for a particularly tough accomplishment, you need to step in and reward yourself.” - Michael Yardney

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