It’s been just over a month now since the Coronavirus flipped our lives upside down.
From having to practice social distancing and getting used to life indoors, to continually washing our hands.
It’s clear we are all going to be affected by the coronavirus – something none of us expected a few months ago.
Many Australians will lose their jobs, others will have their hours curtailed and most businesses will suffer.
One thing that we have all seen is our businesses suffer, which is making it hard to survive.
Right now, the government is throwing money at everything and anything in the hopes of keeping the economy afloat.
… this could run into hundreds of billions of dollars.
But at some point the lockdown will end and the handouts will stop.
Then what happens?
Who’s paying for all the government handouts?
That’s what I chat about today with leading economist Dr. Andrew Wilson chief economist of My Housing market.
Watch as we discuss:
- Who’s going to pay the bill?
The government has introduced a number of stimulus packages to mimimise unemployment from rising, help businesses survive and assist ordinary Australians put food on the table.
The various stimulus packages have amounted to close to $ 18 Billion dollars – where is this money coming from? - What Quantitive easing really is and why the RBA is buying government bonds on the open market
- Will this debt ever be paid back?
- Will all this xtra debt will lead to inflammation down the track.
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.

Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.
'Who’s going to pay the bill? How does Quantitive Easing really work? | Property Insiders [VIDEO]' have 5 comments
April 11, 2020 Nick Rhoden
Hi Michael and Andrew, Your quick video was surprisingly good. I was expecting return to surplus nonsense. The more interesting question is ‘who do we want to be in deficit?’ The private sector or the government. Please look into Sectoral Balances analysis. As an accounting reality, budget surpluses destroy wealth and deficits create them. And remember our entire monetary system is debt or credit. There is no such thing as paying down the debt, particularly at the government level. Thank you for your video. Stay safe, Nick
April 11, 2020 Michael Yardney
Thanks for taking the time to comment Nick. And I haven’t taken offence to your words that video was “surprisingly” good 🙂
April 11, 2020 Nick
I guess I read too much financial press and expected more of the same. Offence was not intended. Take The Age Saturday April 11,2020. Shane Wright writes about whether we increase taxes or cut services because GDP growth is so low, going on to claim that increased government spending will force interest rates up. Government deficits have been growing in the US for decades with falling interest rates. Japan has a debt to GDP Ratio of 250% with low inflation and interest rates. Some economists prefer to write about a fictional reality rather than the real world. So congratulations on interviewing an economist who does not talk about a fictional reality.
April 11, 2020 Nick
And one last comment. The entire monetary system is based on credit and debt. The US has run a government deficit 190 out of 230 odd-years to accumulated debt non stop since 1837. If the debt was repaid the entire financial system would collapse.
April 11, 2020 Michael Yardney
Thanks Nick, no offence was taken. Being in the public eye for 20 years I’m used to getting much nasty comments from all the property pessimists and naysayers who come every time the market turns down.
And then samara they disappear for five years until they reappear once again hoping the world will crash.
I record a regular weekly video with Dr. Andrew Wilson – Watch out for them here on Property Update (I assume you subscribe) or you can subscribe on YouTube here: http://www.PropertyInsiders.info