In times of crisis, risk is thrown under the microscope and former assumptions are reassessed.
From the political climate to the flow of international trade, the impact of COVID-19 has destabilized macroeconomic conditions around the world.
And the good news is Australia falls in the low risk category.
How was risk measured?
Data for the risk map comes from Euler Hermes, and it scores macroeconomic risk primarily based on the following categories: political risk, structural business environment, commercial risk, and financing risk.
The political risk category, for example, takes into account the concentration of power in a country.
It also assesses the degree of independence of national institutions and social cohesion.
In total, a country’s macroeconomic risk profile is determined, representing the broad risk of non-payment of companies within a country.
As central banks in wealthy countries press ahead, the end of stimulus packages still seems like a distant prospect.
Together, rich nations are projected to borrow a combined 17% of their GDP in this year alone.
This, matched with low inflation, is helping to defend economies from collapse.
Even though Australia has fallen into recession, most economists believe that there will be a very slight positive growth in GDP in the current third quarter, if not we will move out of recession in the fourth quarter of this year.
We are still the lucky country!
Now is the time to take action and set yourself for the opportunities that will present themselves as the market moves on
If you're wondering what will happen to property in 2020–2021 you are not alone.
You can trust the team at Metropole to provide you with direction, guidance and results.
In challenging times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that's what you exactly what you get from the multi award winning team at Metropole.
If you're looking at buying your next home or investment property here's 4 ways we can help you:
- Strategic property advice. - Allow us to build a Strategic Property Plan for you and your family. Planning is bringing the future into the present so you can do something about it now! This will give you direction, results and more certainty. Click here to learn more
- Buyer's agency - As Australia's most trusted buyers’ agents we've been involved in over $3Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney and Brisbane bring you years of experience and perspective - that's something money just can't buy. We'll help you find your next home or an investment grade property. Click here to learn how we can help you.
- Wealth Advisory - We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
- Property Management - Our stress free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years and our properties lease 10 days faster than the market average.