Category: Social Trends

Tenants Caught In The Python-Like Property Squeeze Have To Pay More!

Domain has released its Rental Report for March, which delivered more bad news for tenants, on top of the data I released recently which showed three quarters of those renting already have cash-flow issues. Younger families and first-generation Australians are being hit really hard, but as I discussed in my live show, other household categories are also being caught in the rental squeeze. And despite the rise in rents, some investors are selling due to poor net returns.

With net overseas migration forecast to remain historically high, albeit lower than last year, Australia’s rental crisis will continue, even if vacancy rates and rental inflation ease a little.

As a result, more Australians will be plunged into rental stress, group housing, or homelessness.

The solution is to cut net overseas migration hard to a level well below the nation’s capacity to build homes and infrastructure.

The other factor no one is talking about is that renters under extreme pressure are being coerced into buying property, even if its poor quality or in the wrong area, just to exit the rental sector and try to get some control. With borrowing power down about 40-50%, these households are leveraging up, as see by the larger loan balances against income. But this could be an issue of jumping from the frying pan into the fire!

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Today’s post is brought to you by Ribbon Property Consultants.

Economic Update April 2024

This is my edit of our latest economic update with Nuggets News. We look at the latest across markets, and talk about some of the big picture issues which are driving the agenda.

We touch on the US inflation (before the figures were released), as well a Australian property and some of the current waves of regulation locally.

http://www.martinnorth.com/

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Kiwis Faced With Higher For Longer Rates Stuck At 5.5%!

The latest decision from the New Zealand Monetary Policy Committee was released on Wednesday, which was to leave the cash rate at 5.5%. Their key messages were little changed since the February MPS, showing little hurry to change current restrictive settings despite overall CPI inflation expected to fall below 3% this calendar year.

Upside short-term risks to the inflation outlook were largely downplayed, with the RBNZ expecting sub 3% inflation later this year. Despite the economic outlook evolving broadly as expected and inflation on a cooling trend, the RBNZ chose to defer any decisions on when to pivot to an easing bias until more clarity emerges.

Higher for longer…. again!

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DFA Live HD Replay Q&A: A Deep Dive On Post Codes Feeling The Pinch

This is an edited version of a live discussion, as we look at the post code detail from our recent surveys, as the third part in our latest series.

See the basis of our analysis here: So Who Is Really Feeling The Pinch? https://youtu.be/xvE-jPsGQUk

See the mapping of our data here: Mapping The Pinch: Where Households Are Hurting The Most… https://youtu.be/Y-xycboQ1j4

Go to the Walk The World Universe at https://walktheworld.com.au/

https://digitalfinanceanalytics.com/blog/dfa-one-to-one/ for our One to One Service.

Its Edwin’s Monday Evening Property Rant!

More insights from our property insider, as we look at the issue of supply and migration, plus the impact of the recent flooding rains, and also the latest on listings and prices.

How broken in the market at the moment, and how are agents playing psychological games with prospective purchasers?

http://www.martinnorth.com/

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Today’s post is brought to you by Ribbon Property Consultants.

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Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Mapping The Pinch: Where Households Are Hurting The Most…

In the second part of our series on March 2024 results from our surveys, we deploy our mapping tools to display the hot spots across the country for mortgage, rental and investor stress, as well as defaults and net rental yields.

For a description of our approach, watch our earlier show here: So Who Is Really Feeling The Pinch? https://youtu.be/xvE-jPsGQUk

On Tuesday at 8pm Sydney we will deep dive on the post code level analysis. DFA Live Q&A: A Deep Dive On Post Codes Feeling The Pinch https://youtube.com/live/GmSKvYYQI1k

http://www.martinnorth.com/

https://digitalfinanceanalytics.com/blog/dfa-one-to-one/ for our One to One Service.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

Another Fine Mess For Australian Housing!

Wherever you look, the news is not good for those wishing to see housing affordability relief.

First demand for rentals continues to be powered by the overseas influx. New data from the Department of Home Affairs shows that at the end of February, the number of international students in Australia hit a record high of 713,144, whereas the number of temporary migrants in Australia hit a record high of 2.8 million (nearly 2.4 million excluding visitors).

Or put it another way, the number of student visa holders in Australia is running around 80,000 above the pre-pandemic peak, while the number of temporary visa holders excluding visitors is around 400,000 above the pre-pandemic peak.

Then we can turn to the question of new housing supply. I have covered before the fact that the country is littered with half-completed construction projects, many of which are competing for labour and resources with the large number of government and commercial projects also currently running. This crowded out home builders as the major projects sucked in labour and drove up its cost.

But we also continue to see more building firms going under. In the light of this, perhaps we should not be surprised that the total number of dwellings approved fell 1.9 per cent in February (seasonally adjusted), after a 2.5 per cent fall in January, according to data released on Thursday by the Australian Bureau of Statistics (ABS).

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

So Who Is Really Feeling The Pinch?

In today’s show we look at the latest from our surveys – how many households are really under financial pressure – because there are big differences between the “official” figures and those shown in other surveys, and data points, including the rise in calls to financial help lines and hardship supports.

This is the first in a series of shows, culminating with a live show on Tuesday 9th April 2024.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Its Edwin’s Monday Evening Property Rant!

More from our Property Insider, Edwin Almeida, as we look at the latest property news, and also discuss dummy bidding, and how changes in China are impacting property here.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

Digital Tyranny Is One Step Closer!

Remember the parable of the frog, who slowly gets cooked to death, in a pot as the temperature rises – well, the same in true for Australians, as civil liberties such as the use of cash, are removed, even as the digital architecture for future control gets put in place. You can see parallels elsewhere round the world, and aligned with the agenda of several high profile non-elected bodies like the World Economic Forum – of “you will own nothing and be happy” fame.

Australia’s Digital ID Bill 2023 was initially introduced to the Senate on November 30, 2023, and has since undergone a Senate inquiry and brief consultation period before this week being pushed through the Senate without debate. Despite assurances of voluntariness and promises to simplify citizens’ lives, the Labor government has faced backlash for the lack of scrutiny given to the bill.

And there is of course the wider, story here potentially linking digital ID with Central Bank Digital Currency and Social Scores, perhaps enabling the idea peddled by the World Economic Forum and other non-elected global entities, that we the people can be better controlled in terms of what we can, say, or even purchase. So you value your privacy, liberty and the rule of law, the Digital ID Bill must be defeated, time to put pressure back on the house of representatives when the amended bill comes back.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/