News vs Noise
Earlier this week on, Tuesday the 3rd November the Reserve Bank of Australia (RBA) Board decided to leave the cash rate unchanged at 2.0 per cent. According to Glenn Stevens, Governor for Monetary Policy Decision, this information suggests that moderate expansion in the Australian economy continues. This statement is a far cry from recent news reports, which have suggested the very opposite. So begs the question: “Should we believe everything we read?”
When you were younger, do you remember your parents drilling into you 'don’t believe everything you read.' They would say, just because the media tells you something, does not necessarily make it so. Well it seems they were onto something.
Back in our parents’ day the media culprits consisted of television, radio and newspaper and to an extent, was much more regulated compared to today. Flash forward to 2015 and we have also got the internet to contend with. From social media to blogs, email and online articles – it is an entire new ball game.
For example, in recent years we have seen the Reserve Bank of Australia (RBA) dish out one interest cut after another. These constant low rates have created a lot of media coverage - a mix of positive and negative headlines, and harsh scepticism surrounding our economy.
With news reports stating that the constant RBA rate cuts mean the Australian economy is getting worse it can be worrying. But is this really the case though? Are the articles news or just noise? What is real and what is not? When the lines get blurred, it can potentially do more harm than good. The challenge for investors is to decipher news from noise; identifying ‘real’ information from just ‘media hype’.
For an investor, it comes down to knowledge and making informed decisions.
This is one of the key drivers for us when it comes to our weekly Market News. When we first started putting together our weekly e-update all those years ago we knew it had to be three things: authentic, informative and locally focused. So when it comes to the Brisbane Real Estate market, we bring you the most up to date news on trends and changes happening in our local market each week.
As we look toward the future, it seems that the latest RBA decision has only reinforced that 2016 looks to be a positive year for Australian investors. Meaning now is the perfect time to find that perfect property. For more information on current opportunities in the Brisbane CBD, contact Hannah on 0419 782 133.