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After an initial period of extreme uncertainty, the rhetoric around the Australian property market appears to have shifted into a new phase in response to the ongoing coronavirus pandemic.

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On this episode of The nestegg Podcast, host Grace Ormsby is joined by the founder and CEO of Upside Realty, Adam Rigby, to delve into how COVID-19 has been affecting different demographics within the property sector, including renters, landlords, investors and retirees.

Adam touches on the pros and cons of potentially removing stamp duty, his predictions for marketplace trends over the coming months, and the importance of picking quality over timing when considering an investment.

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

You can keep up to date with what Upside Realty are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Tuesday, 02 June 2020

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US businesses to survive 3 months due to health pandemic

By Lachlan Maddock · April 29 2020

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Invest

US businesses to survive 3 months due to health pandemic

By Lachlan Maddock
April 29 2020

Reading:

US businesses to survive 3 months due to health pandemic

By Lachlan Maddock · April 29 2020

Reading:

American businesses can only survive the impacts of social distancing measures for another three months, with the economy unlikely to see a rapid return to its pre-pandemic state.

If American businesses can go without profits and purchasing inputs, their cash reserves should be enough to see them through the economic shock of social distancing measures — but if lockdowns continue after that, it’s anybody’s guess.

“The COVID-19 outbreak has brought the US economy to a screeching halt as most states have issued social distancing guidelines, leading many businesses to sharply curtail operations, if not close down entirely,” said Wells Fargo acting chief economist Jay H. Bryson.

“If many parts of the country remain in a virtual state of lockdown for the foreseeable future, then many businesses will eventually run out of cash and they will be forced to close their doors for good.”

While businesses that were profitable prior to lockdowns have a decent chance of survival, owners may opt not to use their cash buffers if they believe the medium- to long-term prospects of profitability look grim and instead close their business down in order to reinvest in other opportunities.

“If this potential scenario were to occur on a large scale, then the pace of the post-pandemic economic recovery could be adversely affected until the cash resources are successfully redeployed in other business opportunities,” Mr Bryson said.

Cash reserves are also not evenly distributed among businesses, with many relying on measures put in place by the Small Business Administration and the Federal Reserve.

While those measures might protect some businesses, those that have already failed or will in the future won’t be resuming operations, with displaced workers likely to remain unemployed for some time.

“We look for the officially reported unemployment rate to skyrocket to more than 15 per cent in the near term and for it to remain higher than 6 per cent at the end of 2021,” Mr Bryson said.

“These lending programs may be able to keep many businesses afloat for some time, but they do not ensure that the economy returns to its pre-pandemic state in a quick fashion.”