#277 | Coronavirus & Property FAQ
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There’s been a lot of questions coming in about the coronavirus and its implications to the property market, the finance sector and the economy at large — particularly in direct response to the higher levels of social distancing regulations we’re now seeing and its flow–on effect to unemployment and how we transact property.  So, today we’re answering a whole heap of Frequently Asked Questions (FAQs) about how COVID-19 affects you as a property investor, a home owner, a first home buyer, or someone who’s in fortunate circumstances to take action on the opportunity.  ‘Cos, let’s be real folks… if you’re dining out on the news cycle, it’s a very scary place out there!!  Again, we must repeat… our message of calm remains…. but we’re going to dig even deeper into what we’re starting to see as this pandemic unfolds.  As well as answering a whole lot of your questions (all of them listed below), we’re ALSO going to give you some Frameworks and Tips to support you during this time so you’re prepared, have the RIGHT knowledge behind you and can navigate the “new world” we’re all now living through!  We touch on it in today’s episode, but just in case you need a recap… folks are likely to fall into ONE of TWO categories during this time…  “Take Action” Club – This is a small percentage of folks who are ready to take action based on their individual circumstances (please seek professional advice before you do this)  “Money Management” Club – The vast majority of folks will sit here and during this moment-in-time of uncertainty, should focus on the gaps in their money management     Free Resources Mentioned  “ISOLATE + CHILL” Entertainment Pack – Playlists and Free Stuff  – Click here or fill in the form below and we’ll email it to you right away! COVID-19 & Share Market Analysis  Australian Banking Association Website Full RBA Reserve Governor Philip Lowe Speech Make Money Simple Again (Free Book)  Episode 276 | COVID-19 & Property Outlook  UPDATE | Monetary & Fiscal Stimulus Program – What you need to know about them    And here are the Questions! Question about “Investor & Tenant Relief” from Greg:  Any talk from the banks/government on providing relief to Investors on investment lending so as to enable them to provide relief to tenants who find themselves in financial trouble? For many owners they would have tenants they don’t want to lose and would like to assist (if required) but may not be in a position to do that themselves…    Question about “The Six-Month Freeze” from Jake  Points to consider for the six-month freeze 🥶 on home loans?  Ie. how is the loan recalculated after six months? Will interest still be required to be paid during the freeze? And could this result in household having higher repayments on completion of the six-month freeze? Will it impacted a href="https://thepropertycouch.com.
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