Brendan Coates | The new normal: will your household finances hold up?

The Elephant In The Room Property Podcast | Inside Australian Real Estate

In today's episode, we move the conversation away from national and global news, to what matters most: your household finances. Back in episode 89 we interviewed Brendan Coates, Household Finances Program Director at the Grattan Institute, and he joins us in this episode to explore the various issues currently affecting households: unemployment, access to super, wages and financial buffers, as well as how the small factors you might not be considering are growing behind the curtain.

Here’s what we covered:

• How many Australians have lost their jobs?
• With restrictions loosening, who will be going back to work and who won't?
• Businesses going down the gurgler is more detrimental to the economy than unemployment?
• What are the long term implications of young professionals being unemployed?
• Should you access your future?
• How much does the average Australian have saved?
• Where should your money be during low interest rates?
• Who is most protected?`
• How are companies pivoting their business model to survive the pandemic?
• How will the government balance the lack of immigration this year for the future benefits?
• When will the vaccine be available and how will it impact your ability to work?

MENTIONED EPISODES:Episode 89 | Brendan Coates Episode 117 | Dr Shane Oliver Episode 123 | Martin North

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [e-mail] Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: [e-mail]

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 28 April, 2020.

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