array(1) { [0]=> &object(stdClass)#6595 (52) { ["id"]=> string(5) "17540" ["title"]=> string(121) "How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness " ["alias"]=> string(118) "how-the-post-lockdown-period-will-influence-property-what-the-soaring-nft-market-means-and-defining-financial-wellness" ["introtext"]=> string(199) "

In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts to talk through the biggest stories regarding property, financial wellness and investing.

" ["fulltext"]=> string(1170) "

Steve Waters, director of Right Property Group, chats about the end of lockdowns in Sydney and Melbourne and the impact on property. Steve admits to being pleasantly surprised by Victoria’s recent record-breaking house price growth and gives his thoughts on possible tax changes ahead of the federal election.

Meanwhile, RMIT’s senior lecturer of finance, Dr Angel Zhong, chats about the soaring NFT market and what measures might be required in the future to create a robust and efficient system for NFTs.

Lastly, our regular tax and super expert, Timothy Munro, discusses the meaning and importance of financial wellness and why young people in particular may need to alter their financial behaviours.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-10-19 20:03:13" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-10-19 23:35:45" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-10-19 23:32:57" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(240) "{"image_intro":"images\/podcasts\/230321_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(103) "post, lockdown, period, influence, property, soaring, nft, market, means, defining, financial, wellness" ["metadesc"]=> string(200) "In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts to talk through the biggest stories regarding property, financial wellness and investing. Steve W" ["access"]=> string(1) "1" ["hits"]=> string(2) "65" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1170" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#6610 (3) { ["data":protected]=> object(stdClass)#6591 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["menu-meta_description"]=> string(138) "Finance, credit and debt feel like a minefield? From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-10-19 23:32:57" ["slug"]=> string(124) "17540:how-the-post-lockdown-period-will-influence-property-what-the-soaring-nft-market-means-and-defining-financial-wellness" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(137) "/resources/podcast/how-the-post-lockdown-period-will-influence-property-what-the-soaring-nft-market-means-and-defining-financial-wellness" ["image"]=> string(65) "images/podcasts/230321_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

How the post-lockdown period will influence property, what the soaring NFT marke...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Borrow

Take advantage of record-low interest rate, brokers advise

By Grace Ormsby

May 08 2020
Share

Borrow

Take advantage of record-low interest rate, brokers advise

By Grace Ormsby
May 08 2020

A mortgage is a household’s biggest expense, yet many households simply set and forget their interest rate, which is costing them thousands, two advisers have explained.

Take advantage of record-low interest rate, brokers advise

By Grace Ormsby

May 08 2020
Share

A mortgage is a household’s biggest expense, yet many households simply set and forget their interest rate, which is costing them thousands, two advisers have explained.

In conversation with nestegg, uno Home Loans CEO Anthony Justice discussed how consumers should be looking to strengthen their position during the COVID-19 pandemic by paying less on their mortgage.

“The first thing is work out whether you have a good loan or not. Work out whether you are on competitive rates for your circumstances,” Mr Justice said.

“Be aware, and the second thing, take action. If you don’t ask, you don’t get. If you can’t renegotiate with your lender and are able to refinance, now is a good time to do so.”

The broker highlighted anyone who is looking to improve their net position by reducing expenses should look at their mortgage.

“If you’re trying to shore yourself up for this crisis, however it unfolds, having your biggest expense as low as you can get is a very good thing to be focused on,” Mr Justice said.

Former mortgage broker Ross Le Quesne agreed with Mr Justice, explaining short-term changes can have a big impact on the long-term gains for property investors.

Five years ago, rates were around 7 per cent, with an average rate over time being around the same mark. Mr Le Quesne explained that today, however, a good mortgage broker can get owner-occupiers nearly 5 percentage points less.

Mr Le Quesne also highlighted the opportunity that record-low interest rates are creating for investors due to the expenses incurred on interest rates.

“The biggest expense in any investment portfolio is the interest by far. Many clients are sitting on interest rates with 4 in front of them,” he said.

“If you can get down onto the high 2s on an interest-only product, if you have 1 per cent on a million-dollar property portfolio, that is massive money.

“For clients with $3 [million] or $4 million portfolio, we’re talking a [$30,000] to $40,000 going back in your pocket.

“That’s why it is important to look into your rates, as it is your biggest expense,” Mr Le Quesne said.

Pay if you can

While it is estimated that up to one in 10 Australians are currently taking a mortgage holiday, Mr Justice also advised mortgage-holders to be wary of the longer-term implications.

“We’ve seen a very high number of people going on a repayment holiday. The big thing to watch out for as a consumer is, it might be a repayment holiday, but the interest is still accumulating and re-added to the capital along the way.”

“It is a good short-term fix, but ultimately over the life of the loan, it is actually increasing the cost,” Mr Justice concluded.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

Loans

APRA boosts lending buffer to cool home loan risks

APRA hopes changing the rules around how banks assess the serviceability of home loans will cool rising household debt levels. ...Read more

Loans

Should lending be limited to 6x income?

Debt-to-income ratio limits: do they help, or hinder? With the average property in Australian capital cities now over $700,000, limiting “high” DTI loans could put home ownership out of reach f...Read more

Loans

Australia on the verge of home loan limits as NZ limits deductions for property investors

While Australia looks to be on the verge of home loan limits, neighbouring New Zealand has taken action in response to its booming property market. ...Read more

Loans

Car loan refinancing can save you money, so long as you’re smart about it

If you’re smart about it, refinancing a car loan can save you both time and money. ...Read more

Loans

Refinancing complacency on the rise

First-time mortgage holders have been warned that they might be missing their best chance to future-proof their home loan. ...Read more

Loans

Are we on the cusp of tighter credit conditions?

Could higher household debt trigger tighter credit conditions? ...Read more

Loans

Secured and unsecured loans: What’s the difference?

What is the difference between a secured and unsecured loan? Learn about these types of loans to help you decide which one suits you best. ...Read more

Loans

How to reduce interest rates in car loans

Got your eyes on your dream car? To help you out, we’ve created a basic guide on how to reduce the interest rate in car loans. ...Read more

Listen

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

Listen now

APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips

Listen now

What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?

Listen now

Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?

Listen now

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

Watch now

nestegg Presents: Meet the Manager – Australian Solar Investments

Watch now

How much do you expect to spend at Christmas

Watch now

Is your super really that super?

Watch now

Read

Future Fund approaches $200bn value

Australians are still waiting too long to think about retirement

Employees and employers are misaligned on sustainability agenda

As 2022 approaches, should investors brace for a market correction?

Financial terms made easy

What Is A Personal Cash Loan - Video

What’s ethical investing?

What is a commodity?

What is a mortgage broker?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

sections

sections

sections

sections

sections

sections

sections

Most read

Over 2m Aussies asked the TPB for help during the last year...

Latest Podcast

How the post-lockdown period will influence property, what the soaring NFT marke...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Borrow

Take advantage of record-low interest rate, brokers advise

Borrow

Take advantage of record-low interest rate, brokers advise

Take advantage of record-low interest rate, brokers advise

RELATED ARTICLES

APRA boosts lending buffer to cool home loan risks

Should lending be limited to 6x income?

Australia on the verge of home loan limits as NZ limits deductions for property investors

About the author

About the author

more on this topic

Loans

APRA boosts lending buffer to cool home loan risks

Loans

Should lending be limited to 6x income?

Loans

Australia on the verge of home loan limits as NZ limits deductions for property investors

Loans

Car loan refinancing can save you money, so long as you’re smart about it

Loans

Refinancing complacency on the rise

Loans

Are we on the cusp of tighter credit conditions?

Loans

Secured and unsecured loans: What’s the difference?

Loans

How to reduce interest rates in car loans

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Meet the Manager series with John Baini - Episode 1

Knowing your rights as a consumer

It PAYS to speak up about your finances

Meet The Manager: The hunt for yield continues domestically despite the Australian economy 'coming off the boil'

Is your car worth it?

Video: Trick or treat this tax time

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Listen

Sick of reading? Let the Nest Egg Podcast deliver information on topics as varied as crypto and emerging markets to retirement strategies and financial literacy straight to your ears.

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips

What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?

Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?

What does the NSW regional permit mean for property investors? Who really wins from the BHP-Woodside merger?

The sea and tree-change norm; Square’s acquisition of Afterpay; Why you should think twice before turning to TikTok for advice

The Olympic effect on property and equity investors; COVID-19 Disaster Payments and super

Do lockdowns boost property prices? Are short-sellers levelling the playing field? Did you lodge your tax returns early?

Will lockdowns halt the housing boom? Is the metaverse taking over? And the cons of lodging your tax returns early

Are you being priced out of the market? Have you got the Tuesday blues? And are you ready for the upcoming super changes?

Listen

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips

What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?

Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?

Borrow

nestegg will keep you informed about the latest in banking, credit cards, and loans. With our wide-range of comprehensive content, you can get all the information you need on how to borrow money more effectively.

Personal cash loans

Will these changes to joint account data sharing impact you?

What are term deposit interest rates?

Will a personal loan hurt my credit rating?