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).
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
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.
http://www.martinnorth.com/
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More from our property insider Edwin Almeida, as we celebrate the Year of the Rabbit.
Are we revisit the cooling off period question in the context of property purchase.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the question of distressed listings and sales, which appear to be quite low at the moment. Some therefore argue that things in the property market are just fine.
However, apart from the question of how distressed sales are defined and identified, the truth is that some households are being given the option to sell as a normal not distressed sale. This is better for the bank, and potentially might be something which given enough equity in the property is worth considering. But it is really important to get the right independent advice first!
Bottom line is low distressed sale counts are not a signal of a buoyant market.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest REINZ figures for December 2022 show further falls in prices and sales volumes, linked directly to the higher interest rates and reduction in borrowing power, across most of New Zealand.
https://www.reinz.co.nz/residential-property-data-gallery
Expect more falls as the RBNZ drive rates higher as they chase down inflation.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This is a edited version of a live debate between Senator Gerard Rennick and Economist John Adams as we examine economic and monetary policy, debt, and the role of the RBA and other regulators. How can we improve the economic outcomes for Australia, and Australians? Who is to blame for high inflation and home prices?
Original stream: https://youtu.be/DPZNSTeAFkk with chat.
https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=283596
https://www.adamseconomics.com.au/
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Another outing for our Property Insider Edwin Almeida as we look at the latest numbers, trends and market movements.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Another look at recent price cuts on the property portals. this time in and around the Gold Coast, thanks to Cookie for the research. No surprise that some of the fastest falls across the country are in southeast QLD.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More from our property insider Edwin Almeida, as we look at the latest incentives for NSW first time buyers, the latest from China as people there vote with their feet on property, the numbers, and of course a special chat about underquoting.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/