Congratulations & Welcome to the Family!

Let’s get you started. . .

 

To fast track your families success in property all you need to do is book in a time below for your Mapping Session with one of our team.

BEFORE WE GET STARTED

This is the first step on your journey with TMAP. Expect your Mapping Session Call to go for around 20 minutes. We can’t wait to speak with you.

Understanding The COVID 19 response to see the opportunities that are being Created

 

COVID 19 has presented a major health, social and economic crisis on an almost unprecedented scale. Crisis creates fear, anxiety and stress which drives people to focus on survival - think toilet paper, immediate needs like food and shelter, health and safety. Companies like Woolworths, Coles, ABC Tissues have seen unprecedented demand for their products and services. And therein lies the reality. We must first understand what is happening then why it’s happening to see what will happen next and what opportunities will be created. 

 

Corona Virus has seen the initial response of panic buying and shelves emptied across the country, as businesses in tourism, travel and hospitality close their doors and lay off staff. Now as panic buying subsides we are seeing a shift in focus with people now buying Alcohol, home office supplies and furniture, DIY home projects are also seeing a spike as is gardening and home maintenance and finally board games. Netflix, Facebook and Instagram are also seeing a spike. Social distancing and self isolation means families will be spending more time at home so they are focused on making that time as comfortable and productive as possible while searching for entertainment options for the kids, and the big kids. 

 

The government in Australia has unveiled unprecedented financial stimulus with, at last count $194 billion being spent so far, and it’s not over. That stimulus being used to support families firstly, then businesses to keep employing people with generous government assistance in the form of the Job Keeper program $1500 / fortnight per employee. That’s highly welcome and unheard of. 

 

Interest Rates are at an all time low, down from previous all time lows to now be so low it’s now officially cheaper to own a home than rent in Sydney. This is because the RBA has committed to doing everything it takes to get the Australian economy through the economic crisis created by COVID 19. So much so they have fired the first shot in the Quantitative Easing campaign. 

 

So what is Quantitative easing? In short it’s printing money. The RBA prints more money and then buys government bonds to improve liquidity in the markets. This means there’s more money around to be lent to businesses to keep the economy moving. There’s a lot of recent data on this as the US Federal Reserve did exactly this to get the US economy through the GFC, they printed trillions of dollars. 

 

What we expect to see is this printed money will find its way into asset prices such as property, this will have an upwards influence on pricing and prices will rise. Australia has one of the most robust banking.

 

The opportunities we see being created by COVID 19:

 

  1. It’s now cheaper to own than rent in Sydney.

  2. Household costs are going down.

  3. Savings are up.

  4. Interest rates are at an all time Low.

  5. Individuals can access their super up to $20,000 over the next 6 months

  6. Quantitative Easing will have an upwards influence on asset prices including property.