Empower Blog Property & Financial Investment

RBA Cash Rate June 2021: Inflation Risk – How Bad Is It?

Hello, and welcome to the June economic and RBA update. My themes for this month are: Settle down, people, settle down – there's too much commentary about the inflation risk story, so I want to go there. This month it's all about the positive business data as they join the economic party. And finally, well, we're back in lockdown fo...

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RBA Cash Rate May 2021:

Hi, Ben Kingsley here with the latest economic update and the RBA update for May. The verdict is well and truly in — when money is cheap, the world goes around faster. We're basically seeing that show up now. The other important news is around inflation – and we're going to see this word, “transitionary” as the new buzzword. The p...

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RBA Cash Rate April 2021: The Return of The Roaring 20’s!

Hi, Ben Kingsley here with the economic and RBA update for April, 2021. There's plenty of data and economic news in this month's announcement, but the three big takeaways I'll be covering are: Will we see a repeat of The Roaring 20’s!?! RBA stays on message Property is HOT! The RBA kept the cash rate at 1% and are in no rush to in...

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RBA Cash Rate March 2021: Property Prices Break 17 Year Record!

Hi, Ben Kingsley here with the economic and RBA update for March, 2021. Lots going on. We are definitely seeing momentum building in the Australian and global economies. And that has seen a few bears poking their heads up in regards to the inflation and the risk of a spike in inflation around that. But the central bankers around the world aren't g...

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RBA Cash Rate February 2021: “Up, Up & Away” For The Aussie Property Market…?

Well, here we go again. It's February 2021 and it's time for another economic update. Now, I do these economic updates every month from February to December. My name is Ben Kingsley and I'm the Managing Director of Empower Wealth. And you're receiving this video presentation because you're an Empower Wealth customer. And so we're delighted to b...

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Merry Christmas & What A Year!

Good day, Ben Kingsley here with my annual Christmas message. I do this every year to our valued Empower Wealth clients and I just wanted to share an important message in what has been certainly one of the most interesting and challenging years that we will never forget. I want to focus in on a theme around having a plan because we did see when...

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RBA Cash Rate December 2020: The Big Turn Around!?!

Today, Governor Lowe and the reserve board met for the last time in 2020, and it's been an interesting year, and they did keep the cash rate on hold, and did no tweaking to the current buying program that they've got in place. They've done pretty much all of their heavy lifting, so the focus for this economic update is going to be more around s...

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RBA Cash Rate November 2020: New Record-Low Cash Rate Announced!

The RBA has met and A NEW Record-Low Cash Rate Has Been Announced! This means that for the 11th time since 1990, November is the month the RBA has pulled the trigger… That’s right. At their board meeting today, Governor Lowe and the board dropped the Cash Rate to 0.1%! So the next question is… will the bank pass on the full rate cut...

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MyWealth Portal | October 2020 Updates

Hi Ben Kingsley here to tell you about three exciting new features that we've built into the MyWealth Portal. Yes. The home of MoneySMARTS, and ultimately the home for you to organize your finances for the household and to make that money work harder for you. The first one I want to talk to you about is what we call MoneySTRETCH. If you hav...

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RBA Cash Rate October 2020: An Economy on The Mend?

In this October RBA and economic update which we shared to our Empower Wealth and The Property Coach Communities, my theme mainly is going to be about an improving economic story and also the other big news around an improving housing story. So let's get straight into it. The RBA Governor and the Board met today and they kept the Cash Rate on hold...

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MyWealth Portal Tutorials: MoneySTRETCH

(Editor's Note: MyWealth Portal rebranded to Moorr in July 2022) Did you know? The average Australian household has just four and a half months of savings before their money runs out! That’s right, the average household has only $28,602 in savings, yet spends on average $74,301 a year (source: finder.com.au and ABS 2016 census data) I...

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RBA Cash Rate September 2020: Have we reached a Turning Point in the Property Market?

It’s the first Tuesday of the month, which means the RBA Board has met and announced the September cash rate! This video features September's cash rate update, and because it's also the first day of Spring, Ben is also giving you a special update on what's happening to property markets in the developed world now that their economies are openi...

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RBA Cash Rate August 2020: The Second Wave is Here — Will The Stimulus Be Enough To Steer Us Away From The Cliff?

Today, Governor Lowe and the Reserve Board met and yes, of course, they kept the cash rate on hold at a record low 0.25%. Obviously, there's going to be some further updates later in the week when they release their statement of monetary policy, but right now, today's going to be all about the economic update and having a look around. We've got...

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