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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the latest in property, including CoreLogic’s latest findings, which suggest national home values have increased at the fastest pace in over 30 years, and why he isn’t quite sure this is the case.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about soaring travel stocks, the rising popularity of NFTs and what they are, as well as the sudden meltdown of Archegos Capital Management.

And lastly, tax and super guru Timothy Munro gives his thoughts on Paul Keating’s early release of super verdict, as well as an overview of life after JobKeeper.

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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How buying Australian-made can help the post-COVID-19 recovery

By Cameron Micallef

July 16 2020
Share

Invest

How buying Australian-made can help the post-COVID-19 recovery

By Cameron Micallef
July 16 2020

Buying Australian-made products will support local jobs and businesses, which will aid in Australia’s recovery from the COVID-19 pandemic, the founder of an online marketplace has advised.

How buying Australian-made can help the post-COVID-19 recovery

By Cameron Micallef

July 16 2020
Share

Buying Australian-made products will support local jobs and businesses, which will aid in Australia’s recovery from the COVID-19 pandemic, the founder of an online marketplace has advised.

In a conversation with nestegg, Buy Aussie Now founder Mitch Catlin explained the benefits to Australia if consumers spend domestically.

“It was a reality check for me and it took my 80-year-old mother to kind of whack me across the head and tell me. If people spend the money here, then the jobs stay here,” Mr Catlin said.

“The logical follow-on from that is the recovery from the pandemic will be hopefully faster than it otherwise would be.”

Drawing on his own personal experience of how the pandemic has had a knock-on effect, Mr Catlin believes consumers can benefit from Australian-made products.

“On Friday, 13 March, I actually lost a truckload of work. So, I was in a position like many people were, with a huge amount of insecurity and anxiety about where the next cheque was coming,” he said.

The small-business owner highlighted how buying Australian-made products is a win-win for the consumer and local businesses.

“It really was what Dick Smith put Australia on the map for, the ability to promote Australian products in terms of their quality, their price and the stories behind where they come from.”

This led Mr Catlin to launch an Instagram page as a mateship initiative to help his fellow small-business owners deal with the devastating impacts of the coronavirus crisis.

But what began as a way to connect with like-minded individuals has now grown into an online destination for Aussies to shop Australia.

Launching on Thursday, 16 July, is Mr Catlin’s Buy Aussie Now campaign – a marketplace for Australian-made goods by Australian-owned businesses.

“I think the thing that surprised me most over the past few months is just how many wonderful products are made at home but many of us simply don’t know about it. They do now! Buy Aussie Now will be the one-stop shop that Aussies can trust to buy Australian,” he said.

Buy Aussie Now chief executive Chris White thanked the businesses and shoppers who are already on the platform.

“We want shopping Australian to be a longer-term switch for this country. Let’s always make Aussies brands, business and products our first thought every time we shop and not just during difficult periods. This will support the nation, families, friends and local communities and keep jobs and investment here,” Mr White concluded.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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