Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
In an article, released by the US FED via the first issue of Consumer & Community Context, they explore the impact that rising student loan debt levels may have on home ownership rates among young adults in the US. They suggest that higher debt overall helps to explain lower home ownership. The home ownership rate … Continue reading “Do Student Loans Cramp Home Ownership Rates For Young Adults?”
IT Wire reports that New Zealand cryptocurrency exchange Cryptopia has suffered a breach and its operations have been locked down, with police saying that they are not yet in a position to indicate the quantum of the theft. The company said in a notice on its site that there had been “significant losses” but went … Continue reading “NZ cryptocurrency exchange loses ‘significant’ funds in breach”
The ABS data released today shows the rate of new home starts is slowing. The HIA put our a note on this: Total housing starts in the September 2018 quarter increased in Queensland (8.3 per cent), Western Australia (2.9 per cent) and in the Australian Capital Territory (41.5 per cent). Housing starts declined in the … Continue reading “New Home Starts In Sep 18 Quarter Lower”
We have updated our scenarios to take account of potential RBA rate cuts later in the year, revised mortgage stress and household confidence data and other factors. We also updated our probability allocation. Here is a summary. Our central scenario is one of home price fall, peak to trough, of up to 30%. A deeper … Continue reading “DFA Updates Scenarios”
Neobank Xinja is offering potential investors a chance to buy shares through an equity crowdfunding platform for the second time, via Australian Broker. Xinja, which was recently granted a restricted banking licence, originally launched its first equity crowdfund in January 2018. This most recent raise was opened early to existing investors, customers and people who … Continue reading “Xinja begins equity crowdfunding”
I discuss the latest in sick buildings with property insider Edwin Almeida and consider what people in High-Rise developments should do. https://www.ribbonproperty.com.au/
Another blowout in bank funding costs is adding to the pressure for an RBA rate cut, according to a leading forecaster, via InvestorDaily. AMP Capital chief economist Shane Oliver is confident that the Reserve Bank will be forced to cut the cash rate by 50 basis points to 1 per cent this year. He explained … Continue reading “Pressure mounts on RBA to cut rates”
The second wave of out-of-cycle mortgage rate hikes has continued, with another lender announcing increases of up to 20 basis points, via The Adviser. NAB-owned lender UBank has announced that it has increased interest rates on its fixed rate investor home loan products by 20 basis points, effective for new loans issued as of 14 January. … Continue reading “UBank Lifts Mortgage Rates”
A quick reminder of tomorrows live event and Q&A session. Link to live show site: https://youtu.be/6baIxDicDLY
According to Moody’s, on 7 January, UK trade unions published their annual report, which warned about a credit crisis as UK average non-mortgage household debt jumped above £15,000, almost 50% higher than before the 2008 financial crisis. The increase in household debt leaves borrowers vulnerable to sudden economic stress, such as that which might crystallise … Continue reading “Rising UK household debt is credit negative”