Trump, Tariffs, Trade-offs and staying true to the course...

Truly, I've been spoilt for choice on what to write about in this week's newsletter, just take a look at the news headlines!

We've got a looming federal election in 3.5 weeks, Trump throwing tariffs around like a kid in a candy store and every Aussie over a certain age hitting refresh on their super balance every 5 minutes to check what's left 🤦🏼‍♂️

Deep breath everyone.

Surprisingly, what I'm largely hearing from every economist, analyst and political expert, is essentially, that we should stay calm and don't do anything rash.

Now most people don't use the word "zen" when they're describing me, but in this case, I'm doing my Wim Hof's and reading up on what all this means and trying to roll with the punches a little more.

And you know what? I think there are potentially some silver linings, if you look closely enough.

For Australian property, there's a chance the tariffs could impact new home building costs. However, if there's a hit to global growth, that would likely bring forward the pace of the Reserve Bank’s interest cuts which could stimulate homebuying demand. There's now a more than 100% chance of a rate cut in May — and at least four in total through the year, bringing the RBA's cash rate down below 3 per cent by the end of the year.

All four major banks appear to agree, bringing forward their predictions on when the next rate cut is likely to be: they now expect three interest rate cuts this year, starting next month. 

Housing is also a big election issue.  This one's a close race which means a bit more uncertainty on the ground and sometimes uncertainty means procrastination.

But while the election will play a role in the property market this month, it's more likely the combination of polling day, the school holidays and the Anzac Day long weekend that will collectively impact market activity more.

Interestingly on the ground, we're not seeing much procrastination from our vendors around timing and I'm all for that, because in my opinion, if buyers are interested in your property, they're interested regardless of whether it's election day or not. It only takes 20 minutes to vote and buyers have got the whole day to do that.

As for buyers, this could present a considerable opportunity for you. The school holidays and the election aren’t going to deter motivated purchasers who are out there in the market now and ready to buy a home. Some uncommitted buyers may take a ‘wait and see approach’, but that could very well mean that's their loss and your gain.

On the Bright Side...

I've decided I'm going to share a good news story as part of my fortnightly newsletter going forward because, well...we all need it!

This one is a shout out to my 16 year old niece, Ruby Nable, who's taken on the title of Sydney's youngest pilates instructor at XFIT Mosman and landed herself a spot on 7 News 6pm Bulletin as a result.

XFIT Mosman is owned by my older sister Liz and her husband Adam, so it's all in the family up there now!

Rumour is Ruby classes are super tough - not sure I'm game enough yet to try one though! (sore back and all that stuff 😉)

You can check out the full story on 7 News here.

You can check out the full story on 7News here.

If you have a good news story from in or around Mosman - let me know so I can continue to support local and spread the word.