imo retail will struggle over the next few years as costs rise significantly (min wage to $20 in 2021 and higher each year, new public holiday, double sick leave entitlement, fair pay agreements etc.), consumer wallets become tighter for anything other than housing, and the retail purchasing methodology changes significantly post covid.
restaurant brands should continue to coin it. All the fat people voted for l.
Banks,estate agents, motel owners & current property owners.Current policy settings and lack of ability to build any meaningful housing supply is pushing up prices at an unbelievable rate. They called it a "housing crisis" 3 years ago , if this keeps going it's going to get ugly.
don’t discount the positive effect of low interest rates on household spending.
Very true. With an average mortgage of $400K two years ago at 4.5% now at 2.5% that's more than $150 per week extra in people's pockets.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Very true. With an average mortgage of $400K two years ago at 4.5% now at 2.5% that's more than $150 per week extra in people's pockets.
Hi Beagle , the example you quote I believe is assuming Interest only . Most households will be on P&I. So the figures will be as follows . ( Still a good saving)
$ 400 K , I/O 4.5 % Weekly payment $ 346.15 :2.5 % : $ 192.31 saving $ 153.84
$ 400K , P&I 4.5 % weekly payment $ 467.39: 2.5 % : $ 364.53 saving $ 102.86
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