Feb 14, 2022
Australia’s economy and our property markets don’t operate in isolation, so I believe it’s good to regularly have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy to help us understand what’s ahead for us.
I do this once a month in these Big Picture Podcasts with Pete Wargent.
For our first Big Picture podcast for the year, Pete and I will briefly review what happened over the last year and our thoughts on the significant issues that will influence the world economy, Australia’s economy, and our property markets.
February’s Big Picture
It wasn't that long ago that we celebrated the beginning of a new year - 2020 - with anticipation of another decade of the roaring 20s.
But instead, COVID-19 dominated the news, economic landscape, and our lives.
At one point, it almost looked like Australia was on track to become ‘Covid free.’ And then came Delta, and the economy changed again.
Looking back to this time last year, we thought we were over it, and then came Delta, and everything changed, and the southern states and particularly Melbourne was, once again locked down.
And when we eventually thought we had this coronavirus thingy licked, along came Omicron. Despite this, our economy flourished, unemployment fell, and our property markets delivered a once-in-a-generation boom.
Despite a wall of worry with coronavirus, 2021 was an excellent year for investors, so what’s ahead for us? What will 2022 bring? What will be the significant issues that will influence our economy and housing markets this year?
Six things that went wrong in 2021
Seven reasons for optimism about economic growth
Economic growth
Interest rates
Six things to watch out for in 2022
Outlook for the property markets
Links and Resources:
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Join us at Wealth Retreat 2022
Shownotes plus more here: The Big Picture – Economic trends and influences for 2022, with Pete Wargent
Some of our favourite quotes from the show:
“None of those cliffs the naysayers warned us about ever eventuated.” – Michael Yardney
“I bet you there’s going to be a few packages that’s going to stimulate the economy with an election coming up.” – Michael Yardney
“You don’t have to be the same after today, ever.” – Michael Yardney
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