Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Evidence provided by the RBA to Parliament yesterday underscores the $350 billion of mortgages across some 800,000 facilities which are expected to reset from fixed (~2% interest rates) to ~6% variable rates in 2023.
This could have a significant impact on households and their spending patterns to say nothing of rising mortgage stress.
http://www.martinnorth.com/
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I caught up with the developer behind Spachus – a visual mapping tool that tracks home prices across the main areas of Australia. We chat about the philosophy behind the approach, which is powered by data from Domain, and we also demo the functionality (which is continuing to evolve).
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The latest ABS release looked at the rising living costs across different segments, and they reported what we all know, real living costs are rising faster than the CPI numberwang.
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The latest data from Core Logic confirmed more home price falls across both capital cities and the regions. Hobart and Brisbane are hit hardest, and regional areas are hanging on a little better. But even Perth and Adelaide are now going down.
And latest forecasts from CBA are still talking about more falls. Unless we see forms of Government intervention, such as APRA cutting the 3% buffer, the RBA cutting rates, or more fiscal incentives.
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https://youtube.com/live/VxPRZxt68Pg
Join me for a live discussion with Head of Investments at Walk The World Funds And Nucleus Wealth, Damien Klassen as we look at the current market movements and what might be ahead.
You can ask a question live!
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Will the markets fade from their January start, signalling another bear market? Well Morgan Stanley says yes, as reported earning margins are getting squeezed.
http://www.martinnorth.com/
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The latest credit data from the RBA and APRA, and retail from the ABS provides indicators of easing trends across the economy..
We look at the latest figures.
http://www.martinnorth.com/
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In our latest show, Property Insider Edwin Almeida and I look at listings numbers and compare them with the past couple of years – what we see is different from what the MSM is saying. We also look in detail at the Blacktown property which sold, despite having significant issues with a missing DA, and the possible consequences. And we consider the latest property market fix from our government. What could possibly go wrong?
https://www.ribbonproperty.com.au/
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My latest reflections on the problems facing prospective first-time buyers, as borrowing power is shrinking faster than prices, and expenditure measures work again being able to get into the market.
Some are hoping for rates cuts soon, but that I doubt, though it is possible APRA will reduce the 3% buffer for some minor relief.
http://www.martinnorth.com/
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Things remain in interesting territory for now as leading indicators are all over the show, and many are betting against the FED which has indicated it is not ready to even consider cutting interest rates any time soon, meantime the US Treasury may have other ideas…
U.S. Treasury yields a year from now are forecast to trade sharply lower than the level expected by bond strategists polled by Reuters just one month ago, underscoring how much financial markets have diverged this year from the central bank’s view.
While the U.S. economy grew at an annualised 2.9% in the final quarter of last year, it is clearly losing momentum. Market traders and policymakers differ on the severity of the coming downturn, as well as the likely policy response.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
http://www.martinnorth.com/
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