Coronavirus Instability

Discussion in 'Investment Strategy' started by 3rdEarl, 21st Feb, 2020.

Join Australia's most dynamic and respected property investment community
  1. 3rdEarl

    3rdEarl Well-Known Member

    Joined:
    30th Dec, 2019
    Posts:
    89
    Location:
    Brisbane
    Hi All,
    It seems the coronavirus is impacting a lot more than health: manufacturing, agriculture, tourism and Education. We have however failed to acknowledge the impact on housing considering how much the AUD is getting hammered.
    I feel like the discussion needs to be had with regards to Interest rates and the possibility of an imminent recession post coronavirus. Also unemployment figures not looking promising.
     
  2. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    upload_2020-2-21_12-37-40.jpeg
     
  3. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    Bird & Fortune madd a lot of sense out of the GFC and amazingly still relevant today.

     
  4. marmot

    marmot Well-Known Member

    Joined:
    23rd Jan, 2018
    Posts:
    1,215
    Location:
    N.S.W , W.A
    Many people simply dont want to know, they just expect the government to come to the rescue with a massive stimulus program at the same time as interest rates are dropped by 300-400 points.
    Unfortunately populist governments have been very good at keeping rates really low to keep on stimulating the economy and make themselves look good, so we're left in a position where its simply so way to really protect our economy.
     
  5. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,256
    Location:
    Australia
    If there is a recession, if your job is secure it might be easier as interest rates will probably fall.
     
  6. PandS

    PandS Well-Known Member

    Joined:
    14th Feb, 2017
    Posts:
    1,165
    Location:
    NSW
    We need a recession to keep thing real, we have a decent innings 25 years plus of good run.
    a recession once every 10-15 years to keep thing in perspective is a good thing
    we have more people willing to work for fair wage and tradies charge a lot less :D
     
    MTR and mikey7 like this.