Empower Blog

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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RBA Cash Rate July 2020: Victoria’s Lockdown Slows The Speed Of Recovery & The Air Is Colder Up High

Today Governor Lowe and the reserve board met and they kept the cash rate on hold. Now the good news story here has been in some of the language that's been coming out from Governor Lowe and also the board in regards to how positive they have felt, and how optimistic they are about where we sit.   Now, they had three obvious...

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RBA Cash Rate June 2020: Swaying on the edge of an economic and property cliff?

Today, Governor Lowe and the Reserve Board met and they kept the cash rate on hold, which as we all know, they will be for the time being. It has been an interesting couple of months. We've obviously gone through March and April with a lot of uncertainty, a lot of unknowns around what was happening. And that caused a lot of pessimism and fear i...

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RBA Cash Rate May 2020: The Three Critical Themes Unfolding In The Economy Right Now — And How They Impact Property Prices!

Today Governor Lowe and the Reserve board met, and they kept the cash rate on hold at 0.25%, so nothing to see there. What I wanted to highlight in regards to some of the activity from the RBA, we did get an update in the middle of May, in terms of how their stimulus package and monetary package they introduced in March is going to work. So, a ...

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‘Talking Up’ Property or Subject Matter Knowledge? – Property Prices in the Short Term

Over the past month the media has latched onto the headline grabbing stories linking the residential property market with the share market “crash” (their words not mine) that hit equity markets across the world due to the Covid-19 and the coronavirus pandemic. Mainstream media have hounded the ‘go to’ economists for their views on what ...

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RBA Cash Rate April 2020: The Coronavirus Lockdown, An Australian Recession And What This Will Mean For The World Economy

Governor Lowe and the Reserve Board met today and they kept the cash rate on hold. But we all know that, right? Because the cash rate is going to remain at 0.25 until such time as we reach unemployment levels of 4.5% and also inflation within that 2 – 3 bandwidth. Now, Governor Lowe and the board are basically saying this could take up to ...

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UPDATE: Monetary & Fiscal Stimulus Program

Hi, Ben Kingsley here, Managing Director of Empower Wealth and also the co-host of The Property Couch Podcast. In this update I'm going to be talking about three clear areas. The first one is the RBA's Monetary Policy Stimulus Program. I'm also going to be talking about the Government's Stimulus Package, their second round. And finally I'm goin...

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COVID-19 and What to Expect in Australia’s Property Market

Hi, Ben Kingsley here, Managing Director of Empower Wealth and I want to give you a quick update in terms of what's happening in the property market right now. Now we all know that we've been impacted currently and also our future movements will be impacted by the Coronavirus. But what's interesting is actually happening in the property market...

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MyWealth Portal Tutorials : Money FIT

In this tutorial I'm going to be talking to you about Money FIT, which is effectively a question that I'm asking you…. Are you Money FIT? Well, what do you mean by that? Well, what we're trying to do is give you an idea of how you can compare yourself against your peers. (Note: Click here to log in to MyWealth Portal) Money FIT is ...

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MyWealth Portal Tutorials: MoneySMARTS

Editor's Note: MyWealth Portal rebranded to Moorr in July 2022. I'm really excited to be doing this tutorial because we're getting down into the MoneySMARTS section of MyWealth Portal. Now remember, you've got your manual which is the best-seller book, Make Money Simple Again. We've sent you your manual (in your email), so make sure you get fam...

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MyWealth Portal Tutorials : Expenses & Borrowings

Hello, in this tutorial video, we're going to be talking about expenses and borrowings as part of the MyWealth Portal. Borrowing is part of our ABCD fundamentals so it’s pretty critical to get it right. Let me unpack this a bit more. So here we are in the dashboard for Daniel and Rebecca, the example clients that we've been using to date. You...

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MyWealth Portal Tutorials : Income & Assets

In this tutorial, we're going to be focusing in on the incomes and the assets section of the MyWealth portal. And it’s pretty exciting because this is now where your dashboard is going to start to show some currency around all that information. So let's click on income and we move across here. (Note: Click here to log in to MyWealth Port...

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