In the sixth Podcast since Covid-19 took hold, we turned our thoughts to focusing on planning for your next decision, as the governments start planning for, and in some cases such as WA and QLD, removing restrictions to open up the economy. It takes time to develop your property plan and selection strategy for the next purchase. This all happens before you can even begin the searching process and get your finance approved. In this episode David Johnston, Cate Bakos and Peter Koulizos take you through: •Confidence and market sentiment continue to rise with the data telling us more people are walking, driving and working as two states lift restrictions, with case numbers reducing. •Property market economics and how they can be different to the broader economy. The property market is expected to bounce back faster, there is a different set of factors at play when it comes to property values V the economy and job market. •What stimulus will remain after 6 months, what reform agenda will be rolled out, and what new incentives will be added to drive the economy? Many lender and government initiatives have a timeframe of 6 months, but other incentives and reform will take place, while some of the stimulus will remain for some time. •Who are the likely sellers and buyers in today's market? •Working out your next property decision! Now is a time for introspection and reflection, ultimately you will fall into one of two camps - people who are happy with their current home and those who wished they were in a different property. We will see many motivated home buyers after this experience who have re-evaluated their lifestyle preferences. •How coronavirus has challenged the mindsets of investors, money management, risk management and lifestyle choices - a great education opportunity for many home owners and investors. •The importance of money management and planning for the future - Covid-19 is a great example of precisely why we have focused two decades on managing risk via your mortgage strategy, despite many of the strategies being counter intuitive during the good times. Good money management never goes out of fashion. You never know when you may require a liquidity bridge. •Reverse engineering your price point via your money goals - Setting Money Goals which should determine your property price, strategy and selection. Merely borrowing the maximum available that the lender will provide, without any thought to your monthly surplus cash flow and available funds buffer, is a great way to get you into trouble, as Covid-19 has amplified. •The Property Planner, Buyer and Professor share what advice they would give their kids/staff/students if they were wondering if they should buy now or wait. •And of course, our 'gold nuggets'! Visit the show notes: https://bit.ly/35mJ7ah