More from our Property Insider Edwin Almeida, as we discuss the latest from the markets, numbers and the outlook ahead.
Go to the Walk The World Universe at https://walktheworld.com.au/
Author: Martin North
Martin North is the Principal of Digital Finance Analytics
More Operation Antispruik In The Illawarra!
Another outing thanks to Cookie’s research on property price falls on the portals, plus my own analysis based on DFA stress, this time looking at the falls across the Illawarra.
Whilst not statistically significant necessarily, it does reinforce the down trends. Thanks again to Cookie.
Go to the Walk The World Universe at https://walktheworld.com.au/
The Eye-Watering Rate Rise Pain Will Continue…
The RBA will likely hike rates again tomorrow, so we look at the potential impact, the the estimated terminal rates across the big four – there are significant variations.
The market is also expecting rates higher for longer.
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.
More Operation Antispruik In The ACT
And yet another outing thanks to Cookie’s research on property price falls on the portals, plus my own analysis based on DFA stress, this time looking at the falls across the ACT.
Whilst not statistically significant necessarily, it does reinforce the down trends. Thanks again to Cookie.
Go to the Walk The World Universe at https://walktheworld.com.au/
A Mega Operation Antispruik In Melbourne!
Another release in our Antispruik series, as we look at recent price reductions from the property portals. Thanks to Cookie for doing the primary research, which I have supplemented with the latest stress data from our Core Models to end of November 2022. Bottom line is, prices are STILL falling despite the spruiking from the property sector and media.
Go to the Walk The World Universe at https://walktheworld.com.au/
Resist The Creeping Madness Of Central Bank Digital Currencies Now!
Have your say on the imposition of Central Bank Digital Currencies, via a petition, open to the 21st December 2022 on the Government Website. More than 7,666 have already signed.
https://www.aph.gov.au/e-petitions/petition/EN4638
As Australian citizens we should be concerned about the disadvantages of a Central Bank Digital Currency. Traceability: In the case where physical cash is eliminated entirely this eliminates our ability to transact in a fully anonymous manner. Negative Rates: With CBDCs, you cannot withdraw your digital tokens and hold them under the mattress. If there is no option for physical cash this gives central banks ability to implement negative interest rates. Programmability: CBDCs give central banks a unique opportunity to make money “programmable”. For example: Expiration, with a direct relationship with your central bank, CBDCs could permit a currency expiration policy. Your money could be programmed so that if you don’t spend the $5000 in your account by next Saturday, it will expire. Personalised monetary policy: With a bank of Big Data on individual spending habits, coupled with digital identification infrastructure, the central bank will have enough information to tailor its monetary policy personally. For example if it is known that lower earners have a higher propensity to consume, stimulus can be directly delivered to those people. Personalised monetary policy could even become politicised. A government could segment its voters, identify communities where it is behind in polls, and deliver stimulus to these groups.
Petition Request
We therefore ask the House to enshrine the use of cash in law.
Go to the Walk The World Universe at https://walktheworld.com.au/
The Lemmings Are Running In A Different Direction: Again!
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/
CONTENTS
0:00 Start
0:15 Introduction
0:55 US Monetary Policy
2:10 NonFarm Payroll Surprise
4:28 US Markets
7:28 Real Recession Risk Growing
9:37 Gold
12:20 Oil
15:30 European Markets
17:35 Asian Markets
18:55 Australian Markets
26:22 Crypto
28:28 Summary And Close
Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts
The Senate Debates Who Is Pulling The Strings?
A segment from a recent Senate debate (28th November) in which the question of who is pulling the strings on banking policy in Australia.
The context was the failure to get a bill up covering fines for poor bank executive behaviour, a compensation scheme and measures relating to consumer protection.
Financial Services Minister Stephen Jones pulled the bill after heavy lobbying from the banking industry.
The debate highlighted some important questions and critical themes – watch it through to the end to see Senator McKim and Senator Rennick let fly….
Go to the Walk The World Universe at https://walktheworld.com.au/
The New Loan Refinancing Dynamo Continues In October!
We look at the latest lending stats from the ABS. Overall new loan volumes are down, but refinancing is still running at circa $12 billion a month, close to record highs. On the other hand, first time buyer volumes are down. But the average new loan is growing again, which may be a sign of more equity-mate style redraws.
Go to the Walk The World Universe at https://walktheworld.com.au/
FedSpeak Brings Out The Bulls!
Fed Chair Powell gave an address overnight which set the markets running higher. The FED will lift rates further but perhaps more slowly. The markets liked that with the Dow moving into bull territory.
And in Australia, ANZ has up forecast future rates here, higher for longer.
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.