How's our economy looking? Mark Bouris & Stephen Koukoulas - Clip from Property Insights

Mark Bouris and Stephen Koukoulas scan the overall economic checklist before June's RBA board meeting.
Catch up on our weekly Property Insights episodes: yhomeloans.com.au/property-in...
[Recorded before the June 2024 RBA announcement]
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Yellow Brick Road was founded by Mark Bouris to help Australians on the road to their hopes and dreams. We offer competitive rates, an all-encompassing portfolio of mortgage broking services and a network of trusted home loan experts all over Australia. For more information, visit www.ybr.com.au or call 1800 927 927.
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[@BrandOdyssey]

Lowering rates will blow the lid off house prices. Property prices have risen with high rates. Imagine what will happen with massive immigration numbers and lower rates with low housing stock. Property prices are destroying our economy. I know you said it increases spending but also not. A rate ease will do even more damage. We are economically stuck in a bad situation.

[@rohanhall-dq9ij]

Maybe we need to drop rates back to 2%, that will speed up the enevitable.. ie. completely unaffordable housing.. It will certainly assist the tent manufacturers..

[@adamashton6742]

I’ve heard of layoffs for the first time this week, and some of the folks were at the company over 10 years

[@K8TO88]

Great stuff Mark, heard you speak last Friday in Brisbane… loved it, very insightful…. 😊😊😊😊

[@chiranjivsingh6484]

Don’t recycle old podcasts, some new/updated conversations please

[@transitory3368]

i know right wtf

[@pjhosking4457]

They keep doing this! Very annoying.

[@Beverlyjohnson449]

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Beverlyjohnson449]

Linda Wilburn program is widely available online.

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I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

[@AntonioBonoso]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@Fdjp]

It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.

[@krytenss]

What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........

[@BrettGCU]

This is very biased towards someone who is running a home lending business. Services or internal inflation is our biggest issue.

[@scottwestall8738]

How many more times these guys going to say REDUCE interest rates and have been wildly wrong. No vested interest here right :) These guys would be happy with 10% inflation rate it seems. Lucky these guys aren't driving the reserve bank bus.

[@s.p.3575]

Thanks for you valuable thoughts and information.

[@jakebrooke364]

What about gov spending? If they don’t stop everything else is irrelevant

[@jack6539]

THe problem is that with inflation not being brought under control rapidly (due to RBA sitting on their hands for 9 months back in 2022), is that now the flow on effects are driving up inflation. Unions are now getting 7% annualised increases to wages to compensate for the effects of inflation, which of course, drives inflation up further. This is not knocking the unions - we have all seen a 20% drop in wages due to inflation over the last 4 years, so it has to be counterbalanced. My point i that because the RBA sat on their hands for such a long time - probably because it would have hurt their egos to admit they were wrong - it's not only resulted in interest rates needing to be jacked up higher for longer, but also is now being countered by the necesary wage growth (which still isn't enough as we see a rise in working poor living in cars and tents across the country).

[@marcoschena99]

Thanks for the chat and insights. I am seeing wage increases in the corporate world slow down, however people on awards will get an increase of 3.75% from 1/7/2024. People say that the tax cuts are not inflationary, I am not an expert, but I believe they will fuel the inflation fire. Lets see how the numbers look around September 2024.

[@Mosesk1988]

Rates need to go up.

[@Dan-xb6ui]

I don't see business doing well out there? I see retail restaurants struggling

[@kasmstamps1897]

I'm eating bananas at the moment. After the banana zone hits digital assets then I'll get to eat out again.

[@kasmstamps1897]

I'm employed. 4 hours a month. Inflation! Two weeks ago $700 would buy nearly 3 TSLA. Next week be lucky to buy 2 Will buy 0.01 BTC today but that won't last.

[@errolmeulen6127]

Immigration numbers in 3 sectors - No allowance. Tariffs removal increasing product prices both locally and export revenue distortion

[@LovelyForest-lv4wc]

Chapters boys!!

[@rohanhall-dq9ij]

Most media outlets and talking heads like our friends here can't wait for the RBA to cuts rates.. I wonder why that might be?

[@keltonreyneke8948]

First time here, good video is the rest behind a paywall? The chart worked great

[@yellowbrickroadtv]

Thanks, you can watch the full episode on our channel or website - link in description

[@newguyoz]

This was on last week

[@kasmstamps1897]

18:10 what ya gunna do with the $300? I want to buy a TSLA share but brokerage is expensive in Oz ($60 a trade under 10k). And by the time I've saved that much i might get to buy 10😢. All about choices. Really like driving my Seal thou.

[@tokenomics1233]

full emplyement is regarding participation rate

[@kasmstamps1897]

4 hours work a month makes me employed. 🤷 Eating bananas until investments pay off.

[@tokenomics1233]

@@kasmstamps1897 is this your real life scenario or have you gone bananas?

[@kasmstamps1897]

@@tokenomics1233 Pretty much real. I'm better off than most. No mortgage. No car payments. No income so can't get a loan thou. I live in a regional town abit over two hours away from a state capital. Needed a scan. Quicker for me to get it done in city. Worth the 20 bucks of electricity to get back. I don't need to work. I'd like to work so I can invest more to spend later. Dog wash today 150 In 5 years maybe 30? The trick? Sadly it is time. For 25 years 1 month fate permitting for me. I live in the land of Oz so already won lotto. Scary stat if true. 25% of Americans don't have $1000 in savings. Hard to move state if you can't afford to move. Easier just to vote? (inconvenient as that is).

[@prancer4743]

How long is a string 🤔👍😉😁😳👀

[@mattcaffrey]

This didn’t age well. Rate cut…

[@manflynil9751]

How can Koukoulas say inflation is falling when rents and house prices are marching upwards? The economy is overheated, fuel prices are high and prices are stratospheric.

[@user-pu6jv7wi5x]

these guy have miked the poor home loan mums and dads ,and why would they worry ,if i had more then 100,000,000.00 form selling yellow brick road home loans ,wtf is he still gong on about ,its because he is still selling home loans to the poor.

[@scottwestall8738]

Shhhhhhh nothing to see here with these guys. Move on !

[@theshezzaadventures8546]

What? Cutoff midway convo?

[@yellowbrickroadtv]

Watch the full episode on our channel - link in the description

[@weishi8620]

Inflation has just gone up, unemployment dropped, now what's gonna happen next?

[@kasmstamps1897]

I'm employed. 4 hours a MONTH. Reporting is sus. Mind you I'm more fortunate than most that I want to buy TSLA.

[@anitacohen8753]

Economy????That went down the drain years ago. when unscrupulous investors and employer groups recognised that others on our doorstep had workers who either worked or starved. It was a no win situation for Australian workers who were subjected to all of societies ills.....mainly gambling on ever street corner!

[@scottwestall8738]

Wrong again lads....... Inflation numbers Hmmmm. These two would had interest rates back 2.00% across the last few months if they were in control.

[@boomrealestate8788]

Nothing more annoying then someone responding with "correct"

[@tokenomics1233]

mate a clip is 2 minutes or something not half the poadcast lol

[@contsiolis1998]

Koukoulas should be RBA Governor

[@millas1]

This guy has no idea

[@84pintz]

Hahahahaha a lot of ifs!!!!!! No rate cuts guys, poor financial decision should not be covered anymore. Rate rates and let's stop beating around the bush

[@dean19641000]

Tell the truth 😅 this country has become for the rich . Tell the truth lots of business big and small have made huge profits from scub labour buy dodgy causl contracts I trained at a Woolloomooloo community center they on individual contracts not under Sydney city council 😮but buy private company no sick pay no holiday pay . Thats problem you guys love low interest rates but not higher pay for workers 😢lower interest rates just lazy house prices well even go higher and rents .mark laughs he makes more money 😂😂

[@leonardvillani6409]

This is the most biased video I have watched in a while. Delusional.