Friends With Money

The RBA handed down a surprise cash rate decision on Tuesday, so why were rates held and what could be in store next month?

On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Paul Bloxham, HSBC’s chief economist for Australia and New Zealand, to discuss the fallout from the RBA Monetary Policy Board’s July meeting. 

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In this episode of the Friends with Money podcast, we explore the housing crisis in Australia and how renting out spare bedrooms could help provide more affordable housing.

Money's Ryan Johnson joins host Managing editor, Vanessa Walker, to discuss the housing shortfall in Australia. They talk about the factors contributing to the crisis, including lagging construction and policies that favour investors over first-time buyers. Ryan explains how the 13 million unused spare bedrooms across Australia are an untapped resource that could help ease supply constraints. We learn who owns these spare rooms, the barriers keeping them from renting them out, and how policies could incentivise making better use of this latent housing supply.

Key Takeaways:

2:30 - There is a 250,000 home shortfall between housing needed and current supply. Construction isn't keeping pace with demand.

5:15 - Older Australians own most of the 13 million unused spare bedrooms, often in large, empty nest homes.

8:00 - Emotional barriers like safety concerns and desire for privacy have kept seniors from renting out rooms.

10:30 - Clarification on how capital gains tax applies when renting out part of a home.

13:00 - How rental income affects pensions - calls for policy tweaks to incentivise room rentals.

15:30 - Bank now counts rental income toward mortgage eligibility.

To learn more about Australia's housing crisis and the spare bedroom solution, be sure to listen to this insightful episode!

#friendswithmoney #vanessawalker #ryanjohnson #housingcrisis #sparebedroom

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In this bonus episode of the Friends With Money Podcast, Michelle Baltazar, editor-in-chief of Money magazine, chats with Stephen Dover, chief market strategist at global fund manager Franklin Templeton, which manages more than $2.35 trillion in assets globally.

They explore the implications of the 'Big Beautiful Bill'—a significant tax bill aimed at reducing dependence on imports, boosting jobs, and fostering economic growth through tax cuts and regulatory changes. 

They also discuss how Trump's new tariffs could impact Australian investors.

#friendswithmoney #michellebaltar #stephendover #trumpstariffs

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The age pension can be a crucial part of the financial mix in retirement, but many retirees aren’t unlocking its full potential.

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Andrew Dinsdale-Scanlon from TelstraSuper Financial Planning to run through the financial strategies that could help Australians maximise their age pension entitlements.

00:00 Introduction

00:41 Overview on maximising the age pension

01:48 Strategies to reduce assets

03:31 Spousal contributions

05:13 Understanding lifetime pensions

08:07 The impact of debt on the age pension

09:49 Conclusion

#friendswithmoney #tomwatson #andrewdinsdalescanlon #agepension #superannuation

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*Proudly brought to you by Telstra Super 

Disclaimer:
Andrew Dinsdale-Scanlon is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Andrew gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . Additionally, the scenarios discussed are based on the relevant superannuation rates and thresholds for 2024/25 and may change in future years. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au

Curious about the latest Consumer Price Index data and its impact on interest rates?

Join Money's Michelle Baltazar and Ivan Calhoun, chief economist at Creditor Watch, on our bonus Friends With Money podcast episode.

Get the latest on the recent CPI numbers and the upcoming RBA’s rate decision.

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In volatile markets, is there anywhere you can safely invest your hard-earned cash?

In this episode of the Friends With Money Podcast, Michelle Baltazar, editor-in-chief of Money Magazine, discusses the concept and benefits of Global Private Credit with Nehemiah Richardson, chief executive and managing director at Pengana Credit.

The discussion centers around why diversification, especially in financial uncertain times, is important and how Global Private Credit can offer attractive investment opportunities.

They also touch on how retail investors can access this asset class and introduce Pengana's TermPlus product. 

00:19 Market whiplash and diversification

00:56 Understanding Global Private Credit

01:51 Investment characteristics and benefits

04:14 Risk mitigation and manager selection

06:17 Local vs. global private credit

10:12 Innovations in global private credit

10:56 TermPlus: A new investment product

14:37 Final thoughts and advice

#friendswithmoney #michellebaltazar #nehemiahrichardson #pengana #globalprivatecredit

Links:  https://termplus.com.au/

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**Proudly brought to you by Pengana Capital

Pengana Capital Limited (Pengana) (ABN 30 103 800 568, AFSL 226 566) is the issuer of units (Term Accounts) in TermPlus (ARSN 668 902 323).  Any advice provided is general in nature and does not take into account your particular objectives, financial situation or needs.  You should consider the PDS and TMD available at www.termplus.com.au before investing in TermPlus.  For further details, please see the Important Information page at www.termplus.com.au/important-information/.

In this bonus episode of the Friends with Money Bonus Podcast, Vanessa Walker from Money Magazine interviews Jane McNamara of NBN about the upcoming accelerated speed plans starting in September. 

Jane discusses how these changes will benefit the growing number of connected devices in Australian homes and offers advice on leveraging end-of-financial-year sales to upgrade plans or in-home equipment. 

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From finding unclaimed money to benefiting from financial advice, there’s plenty of upside to taking a curious approach to super.

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Sarah Forman, chief retirement officer at Team Super, to discuss the benefits of taking an active interest in super (and how to get started).

00:00 Introduction

01:27 Three things every super member should know

04:02 Insurance and superannuation

05:32 Practical tips for managing super

08:01 The role of financial advice

10:46 Making superannuation relatable

13:03 Conclusion

#friendswithmoney #tomwatson #sarahforman #superannuation

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*This podcast is proudly brought to you by Team Super. Sarah Forman is the Chief Retirement Officer of Team Super.

Issued by Team Super Pty Ltd ABN 70 003 566 989 AFS licence 246864 as Trustee for the Team Superannuation Fund ABN 16 457 520 308. Any financial advice in this podcast does not take into account your financial situation, needs or objectives. Before acting, consider if the information is right for your needs and circumstances and read the relevant Product Disclosure Statement (PDS) at teamsuper.com. The Target Market Determinations for our financial products can be found at teamsuper.com/tmd. Financial planning services are provided by Team Super Financial Advice a trading name of Team Super Services Pty Ltd ABN 49 051 315 014 AFS licence 502700 and is a wholly owned subsidiary of Team Super Pty Ltd.

After a shock bid pushed Santos shares up 27%, podcast host Michelle Baltazar chats with investment expert Dale Gilham on why investors may be turning their sights on the appeal of Whitehaven Coal and Woodside shares.

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Money can really complicate relationships.

On this episode of the Friends With Money Podcast, hosted by Money's Vanessa Walker, writer Nicola Field discusses ways to have healthy financial relationships, even when things go wrong.

They explore how to maintain healthy financial relationships, the realities and statistics of marriage and divorce in Australia, and key factors like transparency, communication, and financial goals in relationships.

Field emphasises the importance of financial binding agreements, managing finances together, and strategies for protecting and distributing assets and inheritances. 

00:19 Exploring Money and Relationships

01:22 The Reality of Relationship Longevity

02:34 Positive Financial Signs in Relationships

03:27 Red Flags in Financial Relationships 

04:22 Understanding De Facto Relationships

05:30 Protecting Yourself Financially in Relationships

07:15 Managing Finances as a Couple

08:41 Superannuation and Family Dynamics

10:37 Navigating Separation and Divorce

12:46 Blended Families and Financial Protection

14:59 Designing an Inheritance 

#friendswithmoney #vanessawalker #nicolafield #relationships

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