Wednesday, 24 June 2020

UK housing prices rise

UK housing prices up

UK housing prices keep on keeping on, rising bt +2.4 per cent over the year to May 2020.

That's an acceleration from the beginning of the year, per Hometrack's index.

Northern cities have been leading the charge:


Asking prices for sold homes were up +7 per cent over the year.


Mortgage relief may be extended all the way out to April 2021.

Hometrack's report can be found here.

Monday, 22 June 2020

This is why you should think marginally about your time

Take charge of your schedule

See here for more (or click on the image below):


Property searches up for 12 consecutive weeks

Property buyers circling

Search volumes are up +73.4 per cent in 12 weeks, and +47.3 per cent from a year earlier.

More from Cameron Kusher at REA Group here (or click on the image below):


Source: REA Group

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Much more promising COVID-19 numbers today.

There was a net increase of +13 cases, 5 of which were returning travellers from overseas in quarantine. 

2 of the cases were in New South Wales, with the remainder in Victoria. 

Podcast Episode #11: The Kelly Investor - THIS is how to maximise your long-term wealth

Podcast Episode #11

Tune in to podcast Episode #11 here, where we discuss the Kelly model for investing.

Listen super-carefully to this episode as there as some absolute gems of information in there from Stephen.

Tune in here (or click on the image below):


You can listen to the earlier episodes here, or you can also tune in at SoundcloudStitcher, or Spotify.

Don't forget to leave us a friendly review, as it helps us to get the word out. Cheers!

Sunday, 21 June 2020

This is why you need to work smarter, not harder

Working smarter

See here for more (or click on the image below):


Saturday, 20 June 2020

Spitting cobra

Cobra effect

During British colonial rule of India the government was concerned about the prevalence of venomous cobras.

Their proposed solution to the problem was to announce a bounty for every dead cobra. 

Of course, this led to opportunists breeding ever more cobras in order to collect the bounty, and the solution ultimately made the initial problem worse. 

Labor faceplants

It's been an awkward week for the prestigious Victorian Labor Party.

After 60 Minutes exposed systemic corruption and allegations of massive branch stacking, Premier Andrews attempted to deflect attention by lobbing out an ill-judged sideswipe at South Australia. 

While nobody wants to see Victoria fail to contain COVID-19, there was a certain inevitability about the instant karma which arrived today in the form of 25 new cases in the state. 


The good news is that every other state and territory has reported zero new community cases, and indeed there are no ICU cases anywhere in Australia away from the two instances in Victoria. 


The Andrews solution to families and workers failing to self-isolate is to offer $1,500 to folks with the virus, which sounds rather like a cobra effect solution on steroids (admittedly there is already a similar system in place in Queensland, where there have been zero new cases for quite some time). 

Victoria has reverted to Stage 2 restrictions which will be detrimental for consumption  - especially for pubs, bars, and restaurants - suggesting that a V-shaped recovery south of the border simply isn't going to happen, while the JobKeeper stimulus may need to remain in place 2020 in its entirety. 

This is how to formulate a strategy for life

Thinking in timeframes

See here for more (or click on the image below):


Funding costs

Funding costs

Australia's 3-month bill rates fell to below 0.10 per cent during the week.

That's tracking well below the official cash rate of 0.25 per cent.

Banks are also flush with cash due to lower lending volumes and a surge in deposits.

Excellent graphic via Shane Oliver of AMP:


Source: Shane Oliver, AMP

Credit policies are still pretty tight at the moment, as caution abounds.

But the potential ability to lend at record low rates is there.