— TIMESTAMPS —
(01:10) Our guest, Amit Aggarwal serial investor and property expert joins the conversation to discuss inflation and its rising opportunities.
(03:49) What has Australia been exporting and how it positively impacted the balance trade.
(06:10) Mining and Farming are the main sectors making the most amount of money.
(07:01) How to maintain the sustainability of this newly acquired growth.
(09:10) Economic projections for Australia’s future.
(10:05) inflation, interest rates, and the property market.
(12:30) The way to contain this inflation and eventually drop it.
(14:00) The history of Australia’s interest rates and how things may unfold further down the road.
(17:00) What can we do to build better buffers in terms of income streams.
(20:00) How to properly negotiate your interest rate when your assets grow in value.
(23:20) Interest-only loans as an alternative to normal loans with principal.
(25:55) How does refinancing for a longer term operates?
(28:57) The importance of having extra buffer in our savings when purchasing property.
(31:00) The critical importance of financial awareness in portfolio management.
(32:40) A word of advice from Amit to anyone scared of current interest rates.
(35:20) Amit provides an example of good negotiation of interest rates.
(36:50) The cyclic nature of interest rates and how we should embrace it with strategy.
(38:50) The reality of negative news and how they affect our assessment of the market.
(40:00) Get educated, believe in the journey, and keep pushing for your financial goals.
(42:30) Final advice from Amit to investers.
(43:00) The best way to reach out to our guest Amit.
— QUOTES —
– “The media focuses on bad news rather than good news…They haven’t been talking about balance of trade, which is net of import and export…In 2022, the net of trade is 134 billion dollars. We have exported goods less than Imports. If we go back 4 years earlier it was only 15 billion dollars.”
– “In terms of growth sustainability The war has pushed nations and corporations to look for alternative sources of energy and trade. Once new channels are set up, I don’t believe they will go away completely. Some of this growth will be sustained and some will go.”
– “Inflation has been tied big time with interest rates rising from 1.1 to 3.1% in less than 3 months.”
– “The change upward in price for a same unit of item is what we call Inflation. The demand is more because the supply wasn’t able to meet first demand and the next demand comes along. The supply is disrupted.”
– “One thing you need to be aware of is making sure your interest rates are aligned with market rates. Lenders negotiate their rates.”
– “Any property you own that you think went up in value you should call your lender and reevaluate your LVR to drop down your interest rate.”
– “The key is to understand where you are right now, what actions you should take to mitigate a change in your situation.”
– “All we are talking about is managing the uncertainty in the equation…We always need to do a health check on our portfolio and see what can be done to enhance it.”
– “A lot of people are ready to go into market and buy property, but because of all the rumors and all the noise, they are sitting aside and waiting for this uncertainty to go.”
– “Get educated, and learn how to decode how much of news is real and how much is just noise. Once you get educated, you don’t care anymore what the media says.”
40:31 to 41:01 “It’s a journey. People say I bought a property full stop when it’s not the case. It’s an ongoing journey. If you’re looking to build your wealth then you need to keep going with it.”
— CONNECT WITH AMIT —