Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Journalist Tarric Brooker and I reconnected following my relocation, for the first in our series of bi-weekly afternoon chats about economics and politics. It may be a couple of months since our last, but in many ways, things are the same…
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The RBA Minutes certainly took the wind out of the sails of those expecting a rate cut anytime soon. More hikes are being signalled, and in fact Morgan Stanley flagged that the markets had got ahead of themselves.
The 30 Day Implied rates are also moving higher. So those being influenced by the spruikers saying now is good buying should be cautious. Things are more complex.
http://www.martinnorth.com/
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Our latest discussion with Edwin Alemida, our property insider. Who are you going to believe about what is happening in the property market?
http://www.martinnorth.com/
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The current Government is driving migration to all time highs, and this will put more pressure on the already unbalanced housing market. Big Australia leads to pressure on infrastructure, and the need for more homes to be built, but of course it may well also put a floor on potential home price falls. As a result, it is likely this Government will be responsible for a further spiral down in housing affordability, and ever rising rents. Migration should be slowed.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
In the first of our international series, we compare the UK and Australian markets, as listing decline and rental property is in crisis mode.
In addition we discuss the building company failures and collapsing buildings.
More once we get the broadband operating in the UK!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The property crisis we see in Australia is being replicated in other places too, including the UK, where again the rental sector is in the centre of the storm. So we look at a recent article from the AFR, which highlights the pressures on the system, with large rental increases, massive demand for accommodation, whilst supply is reducing due to policy changes. Once again it is an object lesson in market failure.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today we look at the February numbers from Core Logic and the ABS new lending data, which refinancing apart remain weak. In fact we are not convinced conditions are likely to lead to sustainable price rises.
In the final part of our Australian Property Rant series with property insider Edwin Almeida we look at the latest numbers and emerging trends.
After a short break though we will be back with the International Property Rant weekly, so stay subscribed to catch the first in the new series.
http://www.martinnorth.com/
https://www.ribbonproperty.com.au/
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The latest from our surveys shows that the number and proportion of first-time buyers seeking help from parents – via the Bank of Mum and Dad is falling fast.
Not only are new volumes down, but we know that BOMD loans are at greater risk in a rising rate environment.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
A chat with Edwin, as I continue to demolish the studio…. meantime, who is demolishing the financial system?????
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/