ABC Statewide Drive – rates, real estate, and rising ratios
Yesterday afternoon I joined Jess Maguire on ABC Statewide Drive to discuss Michele Bullock’s decision to hold the cash rate. The Reserve Bank of Australia (RBA) cited that monthly data is erratic and therefore they are waiting for more reliable quarterly figures. A rate cut later this year remains a strong possibility.
We also delved into the elevated market valuations, growing global uncertainty, and rising concerns over government debt – all of which are weighing heavily on investor sentiment.
The conversation then turned to the current housing and cost of living crisis, where the divide between the ‘haves’ and the ‘have-nots’ is deepening. Entering the housing market is becoming considerably out of reach for many young Australians. The supply-demand balance is worsening, particularly as our government continues to pursue a ‘Big Australia’ agenda – leading to a situation where population growth is outpacing housing development.
Catch our full conversation from 1:45 here.
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience.
David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
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