Ep 149: The World Order Is Breaking, and Why Australian Property Isn't Coming Back

This week Steve, Jacob and Tom cover the shifting global order, why America is pulling back from being the world's policeman, and what that means for trade, tariffs and geopolitics. They also break down new bank lending data out of China, the risks building up in private credit and AI infrastructure financing, and why they remain cautious on the sector despite the hype.

Closer to home, the guys dig into the Australian property market: why investor loans have dried up, what the end of negative gearing incentives on new builds really means, and why immigration is a lazy explanation for price growth. They finish with a reminder on why blanket statements about "average returns" in property and super are misleading, and why understanding the assumptions behind a forecast matters more than the number itself.

Topics covered:

• The renegotiation of the global order and what it means for investors
• China's new bank loans and the state capitalism model
• Private credit, AI infrastructure debt and where the risk is building
• Australian property: investor loans, negative gearing and interest rates
• Why "average return" statistics can be misleading

This newsletter is for informational purposes only and does not constitute financial advice. Total Money Management | AFSL 568642.