Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The ABS released their latest research on households and wealth, with a focus on housing. It shows that a greater proportion of households now rent, and those owning property are more likely to use a mortgage. This is consistent with our own surveys and is the consequence of the high price of property, and big … Continue reading “More Households Are Renters Or Hold Mortgages”
The Victorian Government has announced $600m to help cover the costs of rectifying around 400 properties in the state, from about one third of those audited of high-risk dwellings (not so far covering any commercial buildings). Half may be recovered from higher building levies. This issue will run and run, as it is a country-wide … Continue reading “Victorian Cladding Canary Sings To The Tune Of $600m”
The minutes out today spelled out the slowing momentum in the economy, and the cuts in rates would help with spare capacity, but would not lift risks emanating from higher debt in the medium term. Cannot see how both can be true, when the focus appears to be on rekindling the housing market! And given … Continue reading “RBA Minutes A Bit Contradictory”
A quick reminder of our upcoming live event at 20:00 Sydney (Tuesday 16th July 2019). You can still send me questions via the blog for inclusion in the show via the contact us or the instant message. Here is the link to the steam event. Hope to see you there!
We look at the latest ABS data in household income and wealth. And compare Australia with selected countries via World Bank data. NOTE: Gini refers to the method in the analysis – it was a pun … sorry if it went over your head!
Domain released their preliminary results for today. The story continues to be one of higher clearance rates but on very low volumes. Adelaide listed 43, reported 26 with 17 sold, 9 passed in and 1 withdrawn, giving a Domain clearance of 63%. Brisbane listed 51, reported 29 and sold 11 with 3 withdrawn and 18 … Continue reading “Auction Results 13 July 2019”
The third part of my conversation with economist Steve Keen. Part One : Part Two: Support Steve via his Patreon Channel Watch our previous show: Are Icebergs Fluffy? … A Conversation With Steve Keen [There will be no Property Imperative Weekly today due to my wife’s illness]
The second part of my conversation with economist Steve Keen. Part One : Support Steve via his Patreon Channel
The RBA just released a FOI relating to the Federal Government’s proposed First Home Loan Deposit Scheme. How many loans might be made? “the point of the estimates is that the various caps on the scheme (10,000 loan cap, income and house prices) are likely to be the binding constraint on the amount of loans … Continue reading “The RBA FOI On First Home Loan Deposit Scheme”
Well, surprise, surprise, the RBA has realised that high mortgage debt reduces household consumption, according to new research they published. Yet they also note the positive economic impact of higher debt, and say the the overall impact is “unclear”! Well, the DFA surveys make it quite clear, many households are “full” of debt” and cannot … Continue reading “RBA flags ‘overhang effect’ of rising mortgage debt”