In the Media

Money Magazine ran an article based on Wealth Within's Chief Analyst - Dale Gillham’s weekly market wrap and here is what he had to say - There is an old saying that when the US sneezes Australia catches a cold, however, in recent times this has shifted as China has become increasingly important to Australia, with many companies benefiting from trading with China. It's no secret that China's real estate sector has been in trouble in recent years after experiencing over 20 years of property growth following the privatisation of property in the late 1990s. This was driven by urbanisation as millions of citizens moved from the countryside to the city. As demand grew, so did the size of property developers, but the sector became overheated, which caused China's second biggest developer, Evergrande to default on their debt and seek bankruptcy protection in the US...

Proactive Investors ran an article based on Dale’s weekly market wrap. If you trust the banks to hold your cash, then you should trust them enough to buy their shares writes Wealth Within's Dale Gillham. It’s well known that you can’t buy yesterday's returns, yet this is what a lot of investors do when making a decision about where to invest. What many fail to consider is that the investments that achieve the best return in the previous year usually don’t perform the following year. And when you take into account the effect of inflation on the overall return in recent years, it means investors have been losing out. The situation has been made worse given that CPI has also been high. This has made it hard for investors to make the right decision because investments need to achieve higher returns than CPI and fees – otherwise, their capital is eroding...

Borrowers have been spared for another month as the RBA holds the cash rate in September. In this month’s Finder RBA Cash Rate Survey, 38 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy. The majority of panellists (97%, 37/38) correctly predicted the cash rate would hold in September at 4.10%.  With some calling for more supply, newly advertised rents have increased by 11% per year over the past three years. New Finder research revealed 6% have relocated from a major city to a regional area in the last 12 months. A further 7% are planning to relocate in the next 12 months. Dale Gillham, Chief Analyst from Wealth Within weighed in to say "The data is suggesting that the economy is slowing and pushing rates higher now and may force us into a recession, which I am sure the RBA wants to avoid...

Dale Gillham's expert commentary was featured in Michael Yardney's Property Update. 66% of experts in this month’s Finder RBA Cash Rate Survey, believe interest rates have peaked with almost all experts confident the RBA will hold the cash rate in September. An overwhelming majority of panellists (97%, 37/38) believe the RBA will hold the cash rate at 4.10% in September. The government has proposed spending more than $3 billion in incentives to state governments to build 1.2 million new homes over the next 5 years. Three quarters of the panel (77%, 24/31) believe that this policy will actually boost housing supply. This comes as Finder’s Consumer Sentiment Tracker data from August revealed 27% don’t believe they will ever be able to afford a home. Dale Gillham from Wealth Within said whilst supply will increase, it will not solve the big issue of housing shortages across Australia...

Two-thirds of experts believe interest rates have peaked, while 97 per cent say the Reserve Bank of Australia will keep the cash rate steady at the next meeting. Since May 2022, the cash rate has climbed four per cent to 4.1 per cent. But according to Finder’s latest RBA survey, interest rates could have reached their terminal rate. The panel also weighed in on the Federal Government’s proposal to spend more than $3 billion to incentivise state governments to build 1.2 million homes over the next five years. Three quarters of the panel (77 per cent) believe this policy will actually boost housing supply. Wealth Within’s Dale Gillham said supply would increase but it would not solve the housing shortage...