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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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Which country is ripe for investment in the new financial year?

By Cameron Micallef · June 24 2019

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Invest

Which country is ripe for investment in the new financial year?

By Cameron Micallef
June 24 2019

Reading:

Which country is ripe for investment in the new financial year?

By Cameron Micallef · June 24 2019

Reading:

Weak inflationary numbers, falling property prices and a historic low cash rate means savvy investors may need to consider looking abroad next financial year to achieve meaningful returns on their investments.

James Mawhinney, founder and managing director of Mayfair 101, believes the Indian economy provides one of the biggest opportunities for investors looking to grow their capital.

Why India?

India is currently providing investors with a unique opportunity due to the demand for credit, the size of the nation and its current technology boom.

“If we study India, it’s an emerging economy with one of the highest rates of GDP growth in the last decade,” said Mr Mawhinney.

“There will be 600 million Indian nationals connected by the internet by 2021-2022, that’s 25 times the population of Australia that will have internet access,” continued Mr Mawhinney.

The 600 million is based on a government-led initiative to connect Indian villages to an online environment. In effect, this means half the population could be closer than ever to gaining internet access, and therefore being more mobilised, connected and informed.

India also currently has a demand for credit that is unmatched in Australia, and access to sophisticated payments and lending platforms mean that credit can be sourced from Western nations.

“The GDP growth [in India means] an enormous demand for credit. There’s a gap of at least 330 billion in India at the moment,” said Mr Mawhinney.

“The reason there’s such an opportunity, the micro SMEs that are driving the economy, they want to scale and are moving from being completely offline to almost fully digital,” he said.

“So this particular market is transitioning rapidly from being totally disconnected from the world to being totally connected and the population that they have and the growth is providing this opportunity,” continued Mr Mawhinney.

Eyes on responsible lending

As with any booming market, there are companies that are capitalising on heavy demand and restricted supply.

"For example, one of India’s largest B2B payments companies has loaned out over USD300 million to Indian businesses at 20-25 per cent with negligible delinquency rates, while other companies are charging up to 45 per cent for small business funding, which is a high cost of capital yet still worthwhile for many growing SMEs that need access to capital.”

Investors should be cautious of these opportunities where they look to capitalise also.

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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.