Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest PMI data was strong, but the markets took it as a signal of more FED rate hikes, so the indices dropped. More evidence that good news in bad news. And more analysts are not calling a higher terminal rate, and lower markets, as earnings slump.
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Join me for a live discussion with Meighan Wells about the state of QLD property, with a focus on Brisbane.
As the Principal of Property Pursuit and co-founder of the Home Buyer Academy and co-presenter of Your First Home Buyer Guide Podcast, Meighan is committed to excellence and the swelling list of satisfied clients as well as its multi-award-winning status is a testament to her ethics and hard work. In recognition of her expertise and high standards in the fast-growing buyer’s agency industry, Meighan was engaged to develop and deliver the education module for the REIQ course Acting as a Buyer’s Agent and is the former Chairman of the REIQ Buyers’ Agent Chapter.
In 2010, Meighan was awarded the highest honour for buyer’s agents when she was recognised as the REIQ Buyers Agent of the Year for the third consecutive year. As a recognised expert on the Queensland property market, Meighan is regularly featured in the media in publications including The Financial Review, The Australian, The Courier Mail, Sunday Mail, Sydney Morning Herald, Australia Property Investor Magazine, Your Mortgage Magazine, Realestate.com.au, Domain.com.au, Property Observer and more.
You can ask a question live.
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The RBA minutes today revealed they considered both 50 and 25 basis points rate hikes at their last meeting – but no thought of holding rates. So it was not a close decision, the RBA turned more hawkish.
And more rate hikes must be expected, while inflation won’t drop into 2-3% range until 2025.
So expect more rate hikes and higher for longer, with a following fall in wealth and output. This all aligned with the Governor’s comments last week to Parliament.
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The RBA Governor was before the Economics Committee in Parliament last Friday. Questions from members were more coherent, but the responses were similar to those in the Senate on Wednesday.
Two points of note were the distribution of debt (and so pain) across the community, and the question of whether the rate of increases mattered more than the end destination.
But I was not convinced by their answers…
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We are in an era of complexity – yet some claim there are simple answers out there. We think this is untrue. The complexity is real, and some scenarios are very complex. So beware the “simple” solution!
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My latest chat with our property insider Edwin Almeida. From property price falls, risk of war, and listings… so much to discuss.
http://www.martinnorth.com/
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There are more than one million households who are considering Downsizing over the next couple of years. But in the current environment where prices were driven higher by loose lending, low rates and Government policy over the past couple of years – but this has now started to unwind, with significant falls, along with lower supply.
So the issue for Downsizers is trying to sell quick (and accept a lower price) to crystalize past gains or wait it out. And there are also some tax effective options relating to superannuation which need to be part of a plan.
Given the complexity, Downsizers need to ensure they get the best advice.
http://www.martinnorth.com/
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In the latest edition of our weekly update, we look across the markets and reflect on how households are being pushed under the bus by higher rates, and as the expectation for yet higher rates (and for longer) takes hold.
Locally the first signs of stress are showing on the banks.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
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Lots of mistaken observations about the latest ABS Employment figures. So we look at the statistical anomalies which explain the differences, and look at the different methods used compared with the Roy Morgan series.
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An update on Regional Bank closures with Robbie Barwick from the Citizens Party. Some news is good but some also bad. So we go through this week’s events.
We also highlight the broader agenda around the future of banking, the role for a National Bank, and reason why the commercial banks are dragging their feet, and disrespecting parliament.
The media finally get on the story – better late than never.
https://gerardrennick.com.au/senate-inquiry-regional-bank-closures/
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