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.
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/
Tarric Brooker joins me for my last Friday afternoon chat for a month or so, as I relocate to the UK. For the reasons see here: https://youtu.be/7Nj6N_amn3Y
We discussed a range of viewers questions, for which thanks.
I have genuinely enjoyed my regular chats with Tarric, and rest assured we plan to continue them once I have relocated.
Meantime, you can see the charts on his Substack: https://avidcom.substack.com/p/charts-and-links-from-dfa-q-and-a
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
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.
Go to the Walk The World Universe at https://walktheworld.com.au/
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/
Go to the Walk The World Universe at https://walktheworld.com.au/
