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Super User

Thursday, 06 February 2014 13:31

The Australian Financial Review

One of Australia's most influential economists.

Thursday, 06 February 2014 13:30

Alan Kohler, Author and ABC TV journalist

One of the most articulate economists in Australia.

Thursday, 06 February 2014 13:29

The Australian Financial Review.

The Prime Minister's Office has placed a premium on economic and policy advice recruiting high-profile market economist, Stephen Koukoulas.

Thursday, 06 February 2014 13:27

Head of Communications Randstad

I've only heard great things about your presentation at the breakfast.

Thursday, 06 February 2014 13:24

Head of communication - Randstad

I've only heard great things about your presentation at the breakfast – so thank you. Clients and staff all raved about you – how engaging, thought provoking and entertaining you were. You made the content come alive.

Wednesday, 05 February 2014 23:02

Aussie dollar outlook

In this video The Kouk discuss the state of global financial markets and the outlook for the Aussie dollar with ABC News.

Wednesday, 05 February 2014 22:34

Why Australia won't face a recession

Speaking at the GRDC's Bendigo Farm Business Update, The Kouk discusses the outlook for agriculture.

Wednesday, 05 February 2014 22:30

Optimism for 2014 in the business sector

Stephen speaks to ABC news hosts regarding the newfound optimisim by Australian businesses for the coming year.

Wednesday, 05 February 2014 22:05

Forget debt!

The Kouk and Judith Sloan debating the impact of household debt on Australians at the Festival of Dangerous Ideas 2013.

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THE LATEST FROM THE KOUK

Here's why you need to buy a house NOW

Wed, 29 May 2019

This four part series on housing first appeared on the Yahoo website during March 2019 at these thinks:

Part 1: https://au.finance.yahoo.com/news/heres-need-buy-house-now-003308014.html 

Part 2: https://au.finance.yahoo.com/news/buy-house-live-late-043710857.html 

Part 3: https://au.finance.yahoo.com/news/many-australians-regret-buying-house-none-234007432.html 

Part 4: https://au.finance.yahoo.com/news/buy-house-hold-10-years-203418110.html 

 It outlines the case why it is a good time to buy a house. Any comments and feedback welcome!

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Part 1. Here's why you need to buy a house NOW

It would be a great shame if the current weakness in house prices does not see those groups previously frozen out of the housing market step up and buy a house to live in.

Whether it is in Sydney, Melbourne, Perth, Darwin, Canberra, Brisbane, Adelaide or regional Australia, housing affordability is improving rapidly with prices generally lower, mortgage interest rates remarkably low and competitive, and wages growth edging up in a steady if not spectacular way. Sure, saving that deposit for a house is still hard and the banks and other financial institutions are making it a bit more difficult to get the loan you need to buy your house.

But for many reasons, getting into the housing market now or in the next 12 months to buy your house to live in will set you on course for a life of fulfilment and financial security.

I want to set the scene with a few definitions – when I say “houses” and “house prices”, I am referring to all dwellings – that is free standing houses, units, townhouses and apartments. It is a generic term. And to make it clear, I am suggesting buying a house for you to live in, not to invest in, which is an entirely different kettle of fish.

Change of view on interest rates

Fri, 24 May 2019

Having been the only economist to correctly anticipate an interest rate cut from the RBA when close to 50bps of interest rate hikes were priced in to the market last year (See Bloomberg 17 August 2018), I have agonised over the exact months the cuts would be delivered and then how many rate cuts would be needed to reflate the economy.

Recently, I was of the view that the RBA would need to cut 100bps from now, to a level of 0.5%, but I did so with relatively low confidence. This is why I recommended all clients to close their long interest rate positions on 17 April 2019 (when the implied yields were 1.10% for the mid 2020 OIS; 1.35% on 3 year yields and the Aussie dollar was just over 0.7000 at the time).

Like in most good trades that were massively in the money, I left a little money on the table while I reassessed the outlook.

Since calling for interest rate cuts from the RBA, a lot of water has passed under the bridge, especially in the last few weeks.

Events mean I am changing my view on interest rates and have been placing / will be looking to implement new trades.