Commercial real estate has been changed by the pandemic, with prices starting to slow on the back of poor demand.

Commercial real estate has been changed by the pandemic, with prices starting to slow on the back of poor demand.

Join Deborah Knight for Money News, the most respected business program on radio.


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Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

Money News

Money News - Highlights

Peter Vines, Managing Director of Ray White Commercial Western Sydney

What does Joe Biden’s withdrawal from the presidential race mean for markets?; Australians asked to consider reverse mortgages; NAB lowers its fixed rate; Crowdstrike’s share fallout; Woodside in for US LNG assets; commercial real estate softer than it once was; the world turns to “recession” pop to break the blues; and Adam Dawes joins us for the Market Wrap.



Host: Deborah Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

What does Joe Biden’s withdrawal from the presidential race mean for markets?; Australians asked to consider reverse mortgages; NAB lowers its fixed rate; Crowdstrike’s share fallout; Woodside in for US LNG assets; commercial real estate softer than it once was; the world turns to “recession” pop to break the blues; and Adam Dawes joins us for the Market Wrap.
 
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Money News with Deborah Knight - 22nd July

Marker 01

As property prices have risen, the family home has become an important asset, but it might be the key to unlocking financial security in retirement.

As property prices have risen, the family home has become an important asset, but it might be the key to unlocking financial security in retirement.

Andrew Boal, Chair of Actuaries Institute Retirement Strategy Group

The American election has turned another corner, with Joe Biden dropping out of the race. But will that shift US markets at all?
ASX200: down 0.50%, 7,931
AUD: 66.65 US cents
GOLD: $2,405 US/oz
BITCOIN: $100,903 AUD
The Energy sector was the hardest hit, with only the Consumer Staples & Discretionary sectors escaping the falls.
A 2.1% dive for Woodside after it made a $900 million US dollar move for an American LNG developer.
Whitehaven dropped 4%, Beach fell 2.6%, while Karoon lost 2.1%.
BHP fell 0.3%, and Fortescue dropped 0.5%, while South 32 plunged almost 13% after it sent a warning on the viability of the Worsley alumina refinery.
Commonwealth was the sole major bank to escape the red. 
Gains in the Staples sector saw Treasury Wines lift 1.9%, Coles up 1.3% and Endeavour rising 1.5%
Insignia Financial jumped 5% to $2.50 as it said it expects better than expected earnings.
While there were also gains of 1% or more for Cochlear, Yancoal and JB Hi-fi.

The American election has turned another corner, with Joe Biden dropping out of the race. But will that shift US markets at all?
<ul>
<ul>
<li aria-level="1">ASX200: down 0.50%, 7,931</li>
<li aria-level="1">AUD: 66.65 US cents</li>
<li aria-level="1">GOLD: $2,405 US/oz</li>
<li aria-level="1">BITCOIN: $100,903 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">The Energy sector was the hardest hit, with only the Consumer Staples &amp; Discretionary sectors escaping the falls.</li>
<li aria-level="1">A 2.1% dive for Woodside after it made a $900 million US dollar move for an American LNG developer.</li>
<li aria-level="1">Whitehaven dropped 4%, Beach fell 2.6%, while Karoon lost 2.1%.</li>
<li aria-level="1">BHP fell 0.3%, and Fortescue dropped 0.5%, while South 32 plunged almost 13% after it sent a warning on the viability of the Worsley alumina refinery.</li>
<li aria-level="1">Commonwealth was the sole major bank to escape the red. </li>
<li aria-level="1">Gains in the Staples sector saw Treasury Wines lift 1.9%, Coles up 1.3% and Endeavour rising 1.5%</li>
<li aria-level="1">Insignia Financial jumped 5% to $2.50 as it said it expects better than expected earnings.</li>
<li aria-level="1">While there were also gains of 1% or more for Cochlear, Yancoal and JB Hi-fi.</li>
</ul>

Peter Vines, Managing Director of Ray White Commercial Western Sydney

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