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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming 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) "2020-09-02 02:50:12" ["slug"]=> string(43) "15670:capitalising-on-the-covid-19-pandemic" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(56) "/resources/podcast/capitalising-on-the-covid-19-pandemic" ["image"]=> string(43) "images/podcasts/Billie_Christofi_WEB_ne.jpg" ["image_alt"]=> string(0) "" } }

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Low rental yields to hit investors

By Staff reporter

April 12 2016
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Invest

Low rental yields to hit investors

By Staff reporter
April 12 2016

With rental yields on residential properties in Sydney and Melbourne at record lows, residential mortgage-backed securities (RMBS) issued in 2016 and 2017 could be in for a rough ride.

Low rental yields to hit investors

By Staff reporter

April 12 2016
Share

With rental yields on residential properties in Sydney and Melbourne at record lows, residential mortgage-backed securities (RMBS) issued in 2016 and 2017 could be in for a rough ride.

A new report into the Australia RMBS sector by Moody's Investors Service said record-low rental yields will make it difficult for investors to service their loans over the next two years.

Rental yields in Sydney and Melbourne are at their lowest levels in 10 years, while the cost of servicing housing investments in Australia's two largest cities relative to household income has climbed to a record high.

“Low rental yields combined with deteriorating affordability increase the risks and default probability for Australian residential property investors and therefore for Australian RMBS backed by loans on residential investment properties,” Moody's said.

The deteriorating affordability of servicing investment properties also makes investors more vulnerable to risks such as loss of income, interest rate increases, vacancies or rent reductions, and therefore increases their probability of default, the report said.

As a result, property investors will become much more dependent on house price appreciation to realise a profit.

“Should capital gains not materialise, these investors will suffer significant losses and their behaviour towards their investment loan servicing obligations may change,” the report predicted.

“The incentive to continue servicing their investments (thereby continuing to suffer further cash flow losses), will diminish, resulting in greater levels of investor loan defaults.”

The flow-on effect of poorly performing property investment loans will be most keenly felt in RMBS issued in 2016 and 2017.

“Investment loans originated in 2014 and 2015 are most at risk of deteriorating. Australian RMBS portfolios are typically made up of loans that are one to two years seasoned and so the bulk of the 2014 and 2015 investor loans to be securitised will be found in 2016 and 2017 vintage RMBS,” the report said.

“The higher risk of 2014 and 2015 investor loans is particularity significant, given the high growth in investor lending during this period.

“A total of $154.5 billion worth of residential property investment loans were advanced between January 2014 and December 2015, a 50 per cent increase over the prior two-year period.

“Investor lending constituted 43 per cent of total housing lending between January 2014 and end-2015, compared with 39 per cent over the prior two years.

“We expect this growth in investor loans to be reflected in RMBS issued in 2016 and 2017 as historically RMBS portfolios have closely resembled the broader mortgage market,” said Moody's.

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