The Property Trio (formerly The Property Planner, Buyer and Professor)

#42: Market update - How to protect your war chest and the market outlook


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In the third Podcast in our Covid-19 specials recorded on Monday we turned our thoughts to focusing on what the property market is doing during this period, what it could look like as we come out the other side, and how to proactively protect your financial position through an effective mortgage strategy. In this episode David Johnston, Cate Bakos and Peter Koulizos take you through: •Gearing up for the property run as markets open up and what this could look like. •Why we think property values will have a floor put under them during this period, but rental yields may not be so lucky. Airbnb was declared illegal in NSW after going to air. Presciently we covered off on how the demand for Airbnb was being decimated and what this and other supply factors will mean to the rental market. •Calling all upgraders - if you still have a stable income, now would be a great time to upgrade as the higher value properties will see the biggest discounting. •What you can do to protect your financial position during this period. We once again talk through why 'risk management' is one of our 5 core mortgage strategies and how you can proactively protect yourself during the proverbial rainy day or months during this time. •Hot off the press! ASIC allow switching from principal and interest to interest only without completing a full application and financial assessment. •Property prices in all capital cities except Hobart recorded value increases during March but what are some of the nuances with this data. •Flattening the curve and the light at the end of the tunnel - we've gone from a peak of 28% increase in infections to 5% in the last two days. These are the trigger points that economists are looking for to signal economic recovery and the share markets of the USA and Australia have been more stable in recent days. •Property market impacts with agents facilitating inspections individually and how agents will be more particular with who they sell property to. •Be wary of the mortgage repayment pause because your interest could be capitalising which means you will have a greater debt at the of the period. •And of course, our 'gold nuggets'! We wish you and your families the best of health and say a big thank you to all our health workers during this time. Visit the show notes: https://bit.ly/2UNu1qh
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The Property Trio (formerly The Property Planner, Buyer and Professor)By Cate Bakos, David Johnston and Mike Mortlock

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