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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

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

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-07-13 07:55:25" ["slug"]=> string(123) "17060:do-lockdowns-boost-property-prices-are-short-sellers-levelling-the-playing-field-did-you-lodge-your-tax-returns-early" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(136) "/resources/podcast/do-lockdowns-boost-property-prices-are-short-sellers-levelling-the-playing-field-did-you-lodge-your-tax-returns-early" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

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Cash rate tipped to fall twice by 2020

By Jotham Lian

February 07 2019
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Invest

Cash rate tipped to fall twice by 2020

By Jotham Lian
February 07 2019

The RBA’s shift to neutral guidance highlights the “China syndrome” that Australia now faces, with the cash rate tipped to be cut twice by 2020, says one economist.

Cash rate tipped to fall twice by 2020

By Jotham Lian

February 07 2019
Share

The RBA’s shift to neutral guidance highlights the “China syndrome” that Australia now faces, with the cash rate tipped to be cut twice by 2020, says one economist.

Reserve Bank governor Philip Lowe’s first public speech of the year revealed that the chances of a rate cut was “evenly balanced” with a rate hike.

BetaShares chief economist David Bassanese said Australia faces a “delicate balancing act” in navigating itself out of the housing and credit adjustment.

“Just as China is trying to balance the needs of sustaining good growth while weaning itself of debt and capital spending-led growth, Australia faces a similar delicate balancing act in weaning itself of a debt-fuelled housing boom,” said Mr Bassanese.

“Given Governor Lowe’s ‘dovish tilt’ yesterday, however, the risk is that the RBA errs too far in supporting short-run growth and inflation objectives at the risk of undermining longer-run financial stability.

“Indeed, it now seems the RBA is poised to cut rates if we get a sustained increase in the unemployment rate. That raises the question: how far does the unemployment rate need to rise before the RBA should or would cut rates?”

Mr Bassannese believes the RBA will cut rates by end of the year, with a likely move to a 1 per cent cash rate by February 2020.

“My view is that we need to see a decent lift in the unemployment rate to at least 5.75 per cent to justify the longer-run risk to financial stability from reducing interest rates even further below their long-run neutral rate,” he said.

“It’s a delicate balancing, but some slowing in growth might be required if it’s the price to pay to facilitate Australia’s necessary post-Hayne financial adjustment.

“My base case view is that the RBA should not – but probably will – cut rates if the unemployment rate rises above 5.3 per cent in coming months. I now also believe that the unemployment rate will breach 5.4 per cent by year-end given, especially, the depth of the recent downturn in home building approvals.”

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