Redundant Bank of Australia

RBA – Redundant Bank of Australia?

Kevin Young Insights 0 Comments

Up until now our predictions have been far better than those of the Reserve Bank. I am now convinced it is a Redundant Bank of Australia, a failed experiment of the Howard Government. In my opinion the RBA should be merged back into Treasury and become the responsibility of our elected politicians who would have to become accountable by answering …

Fractional Ownership

Fractional Ownership

Kevin Young Insights 0 Comments

This was in the media earlier this week – an offer for as little as $100 for a share in a residential property.  The only winner here is the promoter who is going to take 2.75% of each and every $100.  Those who put the $100 in will find it very difficult to get any money out.  The property would …

New GDP Figures

Kevin Young Insights 0 Comments

Will Gross Domestic Product (GDP) come down further? It seems that the media is just starting to realise that APRA and RBA’s clamp-down on residential constructions is going to hurt the economy. Old figures…. (Source: ABS Statistics Sep 2016) Australia’s economy grew by 3.3 per cent over the year to June, the best annual GDP growth in four years and …

Construction of Dwellings

Construction of Dwellings

Kevin Young Insights 0 Comments

Construction Of Dwellings The number of finance commitments for the construction of dwellings for owner occupation (trend) fell 0.1% in June 2016, following a fall of 0.3% in May 2016. The seasonally adjusted series rose 2.1% in June 2016, after a fall of 2.0% in May 2016. They show the crash in investment housing. APRA brought their ridiculous restrictions in …

Obama vs Rudd

Obama vs Rudd

Kevin Young Insights 0 Comments

When the northern hemisphere financial crisis hit, Obama moved to prop up the mortgage originators called Fannie Mae and Freddie Mac by some $251 billion as some mortgage holders left their properties and posted the keys back. By keeping both these institutions alive with these funds the economy was allowed to continue breathing and instead of losing money the US …

What Is The RBA Thinking!?

Kevin Young Insights, Rate Club 0 Comments

I think since we started the Property Club our predictions on interest rates have been spot on. We gave 2 predictions; What the Reserve Bank of Australia (RBA) should do & What the conservative RBA will do Readers will note that the RBA soon had the reputation of “too little, too late”. It proved very quick to raise rates just …

Rate Club – 29 July 2016

Kevin Young Insights 0 Comments

Drop Rates Like They’re Hot Inflation is at its lowest level since 1999, leaving the door open for the Reserve Bank to cut rates! Inflation has come in at just 1%. But you know this because wages haven’t moved up much in the last 3 years, have they? What will interest rates do next Tuesday? After all the RBA have …

RBA Wrong Again

RBA Wrong Again

Kevin Young Insights 0 Comments

There was talk of us losing our AAA rating so the RBA rushed out with a statement that if we lost our triple-A rating everything would be ok. Wrong, wrong, wrong RBA – again!! As you can see from our placards back in 2009 instead of raising rates to 4.75% the RBA then should have taken advice to lower them …

Rate Club - Interest Rates

Rate Club – 22 July 2016

Kevin Young Insights 0 Comments

The Question You All Want Answered About Rates I’ve just finished meeting you all at our workshops in each of the capital cities and this would be the most popular question – “should I fix?”  Personally I say NO!  Firstly as above, the banks are sitting on fatter margins and can afford a better rate for you.  The second thing is …