Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest ABS Employment numbers came in better than expected, and with an unemployment number of 4% was better than expected. But are we reading the numbers right, and does it give the full picture. We examine the evidence.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
We got the first rate rise from the FED overnight, and the markets went ballistic. So what do we make of all this, and is the FED now on a path to significant tightening, what will the fallout be?
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.
Join us for an interactive discussion tonight, as we explore the current economic and political landscape with Founder and Candidate of The New Liberal (TNL) Victor Kline, and Candidate Professor Steve Keen.
You can ask a question live via the YouTube chat….
The rising cost of housing and a growing wealth imbalance is an emerging social issue that could threaten “social cohesion”.
Purchasing a home in a capital city on a skill-level 4 or 5 income is essentially impossible. Even if you put two of those incomes together maybe you can afford a humble abode at the very, very end of the urban fringe, but you need to get at least up to skill level three (electrician, butchers, mechanics etc) in order to have home ownership as a real, valuable option in your life.
“So what does this mean if we have a U-shaped workforce instead of a bell curve workforce? Well, social cohesion is at risk.”
Countries that have an “extreme U shape” in workforce skill levels (i.e. a high proportion of wealthy people and a high proportion of low-income people) generally see pent-up anger and frustrations bubble into civil unrest.
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.
It is amazing the impact of cheap credit has had on the property market as illustrated by the latest from the ABS. They say that Residential property prices rose 23.7 per cent through the year to December quarter 2021, the strongest annual growth since the Residential Property Price Index series began in the September quarter 2003, according to figures released today by the Australian Bureau of Statistics (ABS).
“Results were consistent with a range of housing market indicators. New lending commitments for housing rose to a record high value in the December quarter 2021. Days on market fell and sales transaction volumes increased. Record low interest rates and strong demand have continued to support growth in property prices”.
The total value of Australia’s 10.8 million residential dwellings rose by $512.6 billion to $9,901.6 billion in the December quarter 2021. The value of residential dwellings has risen $2,015.1 billion since the December quarter 2020. The mean price of residential dwellings in Australia was $920,100, up from $876,100 in the September quarter 2021.
This is essentially fake wealth, and it is unlikely we will see significant momentum ahead – indeed there are signs it is weakening.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from our property insider, as we consider the real story behind the flooding, risks when buying older property, mortgage stress, and the latest from China.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
We discuss the latest mortgage stress data to end February 2022. It is not pretty – and this was before the latest ructions in Europe!
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.
If you want the real truth about housing affordability, read the latest shocking data from the Demographia report, just released.
http://www.demographia.com/
Housing affordability in 2021 is considerably worse than before, with five times as many markets at 10.0 median multiples or higher than just a decade ago. The least affordable market is Hong Kong, with a median multiple of 23.2, followed by Sydney at 15.3, Vancouver at 13.3, San Jose at 12.6 and Melbourne at 12.1. Another 46 markets are rated severely unaffordable, with median multiples (price-to-income ratios) of 5.1 or higher. Just three decades ago, nearly all of the 92 major markets covered had median multiples near 3.0 or below. The pandemic has created a “demand shock” as households move to houses with more space (inside and in yards or gardens). This has been evident in markets with overly restrictive land use regulation (especially urban containment), and worsened by the inability of home builders in well functioning markets meet the unprecedented increase in demand. The most affordable market is Pittsburgh, with a median multiple of 2.7, followed by Oklahoma City and Rochester at 3.3, with Edmonton and St. Louis at 3.6.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
After falls in credit card balances, the worm is turning, and so I discuss the types of cards and their users, with Steve Mickenbecker from Canstar. There are a number of traps for the unwary, which enables banks to improved their profit, but at the cost of their customers. And we recommend one of the most powerful toll available for debt management!
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.
Go to the Walk The World Universe at https://walktheworld.com.au/