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/
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/
A bunch of stats from the ABS , RBA and APRA. CPI was down a bit but largely due to rebaselining. The Trimmed Mean was unchanged.
Building approvals were down (again) and the latest data on lending shows an easing.
Net net, not enough to shift the RBA very far – 25 basis points next Tuesday is still most likely.
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.
This is an edited version of a live discussion about the current property market with Veronica Morgan from Good Deeds and The Elephant in the Room Podcast.
Go to the Walk The World Universe at https://walktheworld.com.au/
Spain has announced a “Mortgage Keeper” strategy to assist struggling mortgage holders as interest rates rise. So, we discuss the range of supports designed to prop up the market and insulate the banks from property risks.
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.
Join Veronica and I tonight for a deep dive on property – and whats happening on the ground.
Veronica Morgan is the Founder and Principal of Good Deeds Property Buyers. She is also the co-host of the popular series Location Location Location Australia and Relocation Relocation Australia with Bryce Holdaway on Foxtel’s The Lifestyle Channel Australia. You can tune into Veronica as she co-hosts the Your First Home Buyer Guide podcast & The Elephant in the Room property podcast, which investigates who is really in control when you buy property. She’s also recently co-founded Home Buyer Academy, which provides online support for first home buyers so they can get onto the property ladder without making costly mistakes.
This is an edited version of a major presentation I gave a couple of day back to a range of Finance Professionals across Investment Banking, Hedge Funds and Analysts. I walk through our analysis and models and take questions from the audience.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from the REINZ Home Price Series, with some interesting twists, but still looking weaker in terms of sales volumes, longer days on markets and some compositional change as illustrated by the differences between the HPI Index and Median Prices.
With more rate rises expected, and higher fixed rates ahead, expect more weakness.