RBA Mar 2024 | Are We Facing Challenges with Sticky Inflation?
Empower Wealth Blog
by Empower Wealth
1w ago
Join us for the second RBA Rate Release of 2024 at Empower Wealth! Expert independent economist Evan Lucas and host Ben Kingsley are back to dissect the latest economic trends and data in this month’s episode.  In this instalment, we delve into the intricate world of economics, aiming to decode its complex signals and understand their implications. Here’s a sneak peek into what Ben & Evan will be discussing:  Sticky Inflation in the US: Explore the phenomenon of inflation and its persistence in the US economy.  Deep Dive into December GDP Quarter Numbers: Analyse the recent ..read more
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Property Market Update – Positive Start to 2024
Empower Wealth Blog
by Ben Kingsley
1M ago
As part of the Empower Wealth community, I wanted to share with you my initial thoughts on the property market in 2024.   Based on indications from our team on the ground and the initial data we are collecting, the property market in 2024 has begun stronger than initially expected.  What is interesting about this shift in the market is the turnaround from a cooling market in late 2023, where supply was increasing, and demand levels were waning, with the exception being the Perth market and pockets of Adelaide and SE Queensland.  Several developing factors are now in play ..read more
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Counting the Savings: Our Commitment to Saving You Interest
Empower Wealth Blog
by Empower Wealth
1M ago
We are thrilled to share some remarkable achievements by our dedicated Mortgage Broking Team at Empower Wealth. These milestones not only reflect our commitment to excellence but also highlight the positive impact we’ve had on our clients’ financial journeys. Saving Big for Our Clients: Every year, our team sets an “Interest Saved” target. This might be a bit unorthodox compared to our peers, but we really want to help our clients save more interest, particularly in the rates environment that we’re in. So, how is this “Interest Saved” target defined? We calculate interest saved only on the lo ..read more
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RBA Feb 2024 | Shifting Tides: Exploring the Global Influence on Australia’s Economy in 2024
Empower Wealth Blog
by Empower Wealth
1M ago
Welcome to the first RBA Rate Release for 2024 at Empower Wealth! This year, we’re thrilled to announce a dynamic addition to our team – the insightful Evan Lucas, joining our host Ben Kingsley. Together, they promise to delve deeper into the economic landscape, providing you with an in-depth analysis that goes beyond the surface. Evan Lucas, an independent expert economist and author of the best-selling book “Mind Over Money: Why understanding your money behaviour will improve your financial freedom,” brings a wealth of experience as a market strategist and a passionate investor. Buckle up as ..read more
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In Memory of a Financial Maestro: Michael Pope’s Lasting Legacy
Empower Wealth Blog
by Empower Wealth
1M ago
On your last flight, did you give a moment’s thought to the “aileron flaps” that the pilot uses to ensure the plane landed safely? If you’re like most people, you probably didn’t think about them at all! The wings maybe, the window strength, perhaps. But not the aileron flaps… HOWEVER, despite how critical they are, we take them for granted, even though without them, the pilot wouldn’t be able to land the plane. They allow the pilot to make the necessary adjustments to tailor each landing to the unique conditions they face for every airstrip. Simply put, they are the part of the wing that allo ..read more
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Wash, Rinse, Repeat: VanEck’s 2024 Q1 Summary 
Empower Wealth Blog
by Empower Wealth
2M ago
Please Note: This report was created and provided by VanEck. 2023 was a year of multiplicity. We’ve seemingly experienced central banks swinging, depending on your interpretation, back and forth between tightening to loosening all year. The peaks and depths of the US 10-year government bond yields swung between 5.02% (October 2023 high) and 3.25% (April 2023 low) to be above 3.93% at the time of writing. These are big swings in a short time. We’ve also experienced AI booms, geopolitical ructions and the continued reversal of globalisation. There has been a shift in the new world order. No long ..read more
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The Basics: SMSF & Property
Empower Wealth Blog
by The Property Couch
2M ago
Let’s get down to basics! In this short 90-seconds video, Ben briefly explains why superannuation is so important in Australia and the connection between Self-Funded Superannuation Fund (SMSF) and Property. It’s important to remember, though, that while the video shares helpful information, it’s not telling you to invest in a SMSF. Everyone’s situation is different, so please get qualified and tailored professional advice before you make any investment decisions. Let’s break down the basics of superannuation and make understanding it a breeze. Enjoy watching! Transcript: Let’s go back to the v ..read more
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Pros and Cons of SMSF Property
Empower Wealth Blog
by The Property Couch
2M ago
Discover the advantages and disadvantages of an SMSF Property! In this short video, Ben & Bryce chat about the leverage and tax benefits, the limitations and some of the compliance requirements you need to think about before buying an SMSF Property. Please note that while the video shares helpful information, it’s not telling you to invest in one. Buying a property in your SMSF is a very complicated financial investment and it does not suits everyone. Your situation is unique to others, so please get qualified and tailored professional advice before you make any investment decisions. Now ..read more
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Unpacking 2023: Household Finances, Inflation, and Property Markets
Empower Wealth Blog
by Ben Kingsley
3M ago
Hello, Ben Kingsley here, and wow, it’s been a mega year again. A very, very fast year that has been the year 2023. And as I reflect on that year, the real big theme to me has been the economy and also very much the cost of living. Everything’s costing more and I wanted to bring that theme through in my Christmas message in terms of looking at some of the reasons why we’re here and also what we might be able to expect in early 2024. And then also, as a tradition for our new customers who have joined us and for our valued existing customers, let’s go through some of the numbers regarding the ne ..read more
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RBA Dec 2023 | Market Wrap and Property Trends in 2024
Empower Wealth Blog
by Empower Wealth
4M ago
Note: Apologies for the technical glitch occurring at the 7-second and 5-minute marks of the video. Rest assured, our team is actively addressing this issue and working towards a swift resolution. Thank you for your understanding. Welcome to the concluding Economic and RBA report for the year! It’s been a noteworthy year at the Reserve Bank of Australia. We’ve experienced five rate rises, bringing the total rate increase for 2023 to 1.25%. We also bid farewell to our previous Governor, Dr Philip Lowe, and welcomed Michele Bullock, the first woman to lead the RBA in its 63-year history. So, wha ..read more
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