In this episode Pete and Chris discussed how the year has kicked off for property, and the change of US President, and what it all means for Australia.
Topics covered today:
1 – Mortgage arrears are down, what about hardship provisions?
2 – Trump takes the reins again
3 – Aussie public sector jobs growth unsustainable
Resources for this episode:
1 – Mortgage arrears are down, what about hardship provisions?
https://petewargent.blogspot.com/2025/01/4-reasons-mortgage-arrears-rates-are.html
https://www.news.com.au/finance/economy/australian-economy/westpac-says-number-of-customers-on-hardship-payments-is-falling/news-story/f92dec54d06004f547567a6d393047fa
https://www.proactiveinvestors.co.uk/companies/news/1054026/cba-says-customer-focus-responsible-for-solid-results-1054026.html
https://www.news.com.au/finance/business/banking/inflation-remains-persistent-cba-announces-132000-hardship-payments/news-story/76c697d569a8f139f9c201a26ced9942
2 – Trump takes the reins again:
https://themacrocompass.substack.com/p/how-to-prepare-for-tariff-day
https://www.reuters.com/world/us/trump-orders-federal-workers-back-office-full-time-2025-01-21/
https://petewargent.blogspot.com/2025/01/trump-hauls-millions-back-to-office.html
https://www.whitehouse.gov/presidential-actions/2025/01/return-to-in-person-work/
3 – Aussie jobs growth unsustainable?:
https://www.afr.com/policy/economy/public-sector-is-strangling-economy-to-death-20241207-p5kwl5
https://www.smh.com.au/politics/federal/more-than-half-a-million-workers-earn-income-from-ndis-shorten-says-in-parting-shot-at-critics-20250116-p5l4x5.html
https://www.macrobusiness.com.au/2025/01/australias-economy-is-unsustainable/
Podcast resources
Access Show Notes: https://bit.ly/R-notes
Invest with Owen: https://bit.ly/R-invest
Mortgage Broking: https://bit.ly/broke-rask
Financial Planning: https://bit.ly/R-plan
Property Coaching: https://bit.ly/R-P-coach
100-point property checklist (PDF): https://bit.ly/prop-check
Accounting with Grey Space: http://bit.ly/3DG5lWS
Business Coaching: https://bit.ly/o-coach
Rask Core 🌏 – DIY investing: https://www.rask.com.au/landing/etfs-checkout/?level=5
Owen’s FREE investor bootcamp: http://bit.ly/rask-analyst
Ask a question: https://bit.ly/3QtiY00
Rask community forum
https://community.rask.com.au/home
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg