Does Australia Need A [ RECESSION.? ]

26 Nov

Australia's streak of steering clear of recessions for over three decades is quite remarkable. But let's chat about how this long stretch of non-stop economic growth also has its downsides.

In a classic economic rollercoaster with its highs and lows, we find some pretty cool long-term benefits:

Clean-up Crew and Supercharged Productivity: Recessions tend to act as a sort of clean-up crew. They kick inefficient or badly managed businesses to the curb, making room for innovation and spurring competitive companies to step up. It's like decluttering a closet filled with too many old clothes. Plus, those crowded, low-profit industries get a makeover. The end result? A more robust and efficient economy that's ready to tackle the future.
Getting Real with Capital: When a recession hits, people start rethinking their investments. They carefully weigh returns, risks, and the actual value of assets like stocks and property. It's like spring cleaning for your financial portfolio. This shift often leads to a focus on saving wisely, making shrewd investments, and planning for the long haul. Basically, it nudges people to make better money moves.
Taming Inflation: Recessions have a knack for keeping inflation in check. How? By dialing down the demand for stuff. That's good news for both individuals and businesses because it helps keep the power of your hard-earned money intact. So, while recessions aren't exactly the life of the economic party, they do help maintain a bit of stability.

Now, we're not saying, "Bring on the recession!" But it's worth recognizing that a balanced economic cycle, complete with the occasional downturn, can bring these perks to the table. It's like a workout for the economy, making it stronger and more resilient in the long run.

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This Week We Cover

Does Australia Need A [ RECESSION.? ]
What's Coming, what's New, what's Sold
Property of the week
Tale of the Sale this week
Auction results & clearance rates
Your suburbs sold results
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Highlight of the week

+ Coming + New + Sold

C+M's Coming Soon:

1/112 Ripplebrook Dr, Braodmeadows: Coming Soon..
11 William St, Glenroy: Coming Soon..
3/12 Illawarra St, Glenroy: Coming Soon..
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C+M's New 2 Market:

4/25 Holmes St, Brunswick East: $845k - $895k

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C+M's Sold Results:

2/33 Kennedy St, Glenroy: SOLD @ AUCTION: $805,000

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Property of the week

**64B Loongana Ave, GLENROY**

4 Bed / 2 Bath / 2 Car
$955k - $1.050m

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TALE of the SALE this Week

**14 Justin Ave, GLENROY**

**SOLD**
Number of Inspections: 36
Number of Offers: 5
Contracts Held: 6
SOLD: $1,550,000

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Auctions - 25/11/23

*preliminary results based on Sundays data from realestate.com.au

Suburbs SOLD results

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Santa Letter

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