New data from the ABS shows new lending fro property is falling alongside a fall in first time buyers, and average loan size. So we look at this in the context of high rates as NAB and ANZ lift some rates further. And we review the ABS notes on changes to the data series ahead, so things may change again…
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
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.
My latest Friday afternoon chat with Journalist Tarric Brooker, as we discuss the housing market, the impact of rate hikes, and the broader geopolitical issues which are in play.
You can view Tarric’s slides at Avidcom.substack.com. https://avidcom.substack.com/p/charts-that-matter-1st-april-2022?s=w
Tarric is @Avidcommentator in Twitter.
Go to the Walk The World Universe at https://walktheworld.com.au/
I talk financial stress with Steve from Canstar, as their survey reveals the size of the problem. And we discuss both the cause and potential mitigation strategies.
Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more. https://www.canstar.com.au/team-members/steve-mickenbecker/
Go to the Walk The World Universe at https://walktheworld.com.au/
The US 10-2 yield curved inverted overnight – signalling a recession may be coming along. It corrected after, but this was an important signal. We look at the latest numbers and discuss the implications.
Interestingly, Australian yield curves are not behaving the same way (at least for now).
Go to the Walk The World Universe at https://walktheworld.com.au/
An edited version of a live discussion as I explore the latest market trends with Damien Klassen, Head of Investments at Walk The World Funds, and Nucleus Wealth. What’s happening in the markets, and where are they heading?
0:00 Start 0:18 Introduction 1:20 Damien Joins 2:00 Market Expectations On Rates 5:30 Yield Curve Inversion 20:00 Oil and Electric Vehicles 35:50 Investment Platform Traps 58:00 Crypto/Stablecoins 1:05 CBDC 1:10 Inflation 1:18 Gold 1:25 Active versus Passive 1:30 Market Psychology 1:35 Summary and Close
Go to the Walk The World Universe at https://walktheworld.com.au/
Join us for a live discussion as I explore the latest market trends with Damien Klassen, Head of Investments at Walk The World Funds, and Nucleus Wealth. What’s happening in the markets, and where are they heading?
You can ask a question live via YouTube chat.
Go to the Walk The World Universe at https://walktheworld.com.au/
Some investors have worried that the Fed could tip the economy into recession should it become too aggressive in raising its benchmark interest rates in an effort to battle rising prices.
We discuss Jim Reid’s insight ( head of thematic research at Deutsche Bank) that yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking questions over whether the long-term trend will imminently end.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
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.
Investors in Australia are exposed to considerable risks thanks to the ineffective regulatory environment which has been designed to look after the major financial players as opposed to investors. And remember thanks to the forced superannuation savings scheme, we are forced to comply.
So Robbie Barwick from the Citizens Party and I discuss what needs to be done to make this an election issue.
The fight to clean out financial corruption in Australia – Citizens Party – Live Stream – 31 Mar 22 https://youtu.be/Hnxya-NjHIY
Mobilise! Call MPs in Canberra – demand Labor and Liberals commit to full compensation for Sterling victims
All Australians who support the need to clean up financial corruption, which must include holding ASIC to account for its failures as a regulator, are urged to join in making phone calls this week to the Canberra offices of the Prime Minister, Opposition Leader, Finance Minister, Shadow Finance Minister, and Shadow Minister for Financial Services.
Demand they commit to paying full compensation to Sterling First-Silverlink victims through an Act of Grace payment by the Finance Department – the total cost is $18 million plus interest and expenses.
Demand the Labor Party politicians make this an election pledge.
Tell the politicians (or tell their staff to pass on the message):
• Full compensation is absolutely necessary, for the survival of the elderly and frail victims, who all face eviction and homelessness; and for justice for the victims. • ASIC failed these victims, who only thought they had paid their rent in advance for the rest of their lives, and didn’t know they were in a managed investment scheme – BUT ASIC DID! • It is the government’s responsibility that ASIC is a weak and ineffective regulator, due to its “buyer beware” ideology (if you get ripped off it’s your own fault), therefore the government is responsible for ASIC’s failures and for compensating its victims. • The so-called Compensation Scheme of Last Resort (CSLR) does not yet exist, and under current plans it does not cover the Sterling victims; even if Labor expands the scheme, it is adjudicated by the Australian Financial Complaints Authority (AFCA), which is another agency that is rigged against financial victims and in favour of the perpetrators. • As the government has the mechanism of an Act of Grace payment to compensate people, it should man up and do so immediately, and then the Sterling case must become the catalyst to overhaul ASIC and make it a proper regulator with teeth, feared by financial predators.
The politicians to call immediately:
Prime Minister Scott Morrison: (02) 6277 7700 Finance Minister Simon Birmingham (02) 6277 7400 Opposition Leader Anthony Albanese (02) 6277 4022 Shadow Finance Minister Senator Katy Gallagher (02) 6277 3456 Shadow Minister for Financial Services Stephen Jones (02) 6277 4661
Go to the Walk The World Universe at https://walktheworld.com.au/
Mitcham is a suburb of Melbourne, Victoria, Australia, 20 km east from Melbourne’s Central Business District. Its local government area is the City of Whitehorse. At the 2016 Census, Mitcham had a population of 16,148.
