Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
My Monday chat with Edwin, which covers the latest numbers of property listings in Sydney, and our discussion is packed with insights about the market, and potential future trajectory.
Go to the Walk The World Universe at https://walktheworld.com.au/
Whilst the rate of interest rates rises is likely to ease ahead, eventually, as the RBA’s Jonathan Kearns, Head of Domestic Markets said today in a speech titled Interest Rates and the Property Market that there are important connections between property prices and interest.
https://www.rba.gov.au/speeches/2022/sp-so-2022-09-19.html
He said interest rates both affect, and are influenced by the economic effects from, both residential and commercial property prices. We can be confident about some aspects of the impact of interest rates on property prices, but there is considerable uncertainty about other aspects.
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 alongside 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 research on property price reductions, thanks to Cookie. This time we look at trends in Canberra where incomes are above average, but financial pressures are rising.
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest Friday afternoon chat with Journalist Tarric Brooker. We look at the latest data and discuss the implications.
His charts are at: https://avidcom.substack.com/p/charts-that-matter-16th-september
Go to the Walk The World Universe at https://walktheworld.com.au/
More examples of property price falls across southeast Queensland, thanks to research by Cookie, following our recent live show on property trends in Brisbane. This is not a scientific selected sample; they merely represent some of the falls being show on the property portals. The Gold Coast seems particulally prone.
Go to the Walk The World Universe at https://walktheworld.com.au/
Join me for a live discussion about the current state of the Brisbane property market with Meighan Wells the Principal of Property Pursuit and co-founder of the Home Buyer Academy and co-presenter of Your First Home Buyer Guide Podcast. 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.
You can ask a question live. We will look at recent price falls, as well as the latest from our modelling, including information at a post code level. Thanks to Cookie for his work on price falls!!
Go to the Walk The World Universe at https://walktheworld.com.au/
The REINZ has released their report for August 2022 today, and it’s a story of continued weakness across the housing market in New Zealand, which is unsurprising given the significant cash rate hikes imposed by the Reserve Bank there.
So today we will look at the data, and also highlight how the story is still being spun by the industry to try and turn a profoundly negative story positive. Well good luck with that, as the OCR is lifted higher still.
They report that across New Zealand, median prices for residential property (excluding sections) decreased 5.9% annually, from $850,000 in August 2021 to $800,000 in August 2022. Month-on-month, this represents a 1.2% decrease from $810,000 in July. The seasonally adjusted figures show a 2.1% decrease in the median price as we moved from July to August, suggesting weaker performance than expected.
The median residential property price for New Zealand excluding Auckland remained unchanged compared to last year at $700,000. There was a month-on-month decrease of 2.8% from $720,000. A better way to report that, is all gains from the past year have now been extinguished on average.
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.
The latest from our property insider, Edwin Almeida, as we look at the latest coverage of property, numbers, and trends.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
In New Zealand, the tightening rate cycle which is currently in full swing – with more to come, is crushing the housing market, as illustrated by the August 2022 QV House Price Index for August which was released today. The average house value in New Zealand had fallen by some $89,917 to the end of August (down 8.5%) compared with the January peak – which is a rate of some $424 of lost value per day. “It looks as though it’s going to get tougher before it gets any easier for sellers. First-home buyers will continue to struggle for finance with tight credit conditions and affordability constraints. Plus, there’s still plenty of new homes in the pipeline, which will add further to oversupply, putting further downward pressure on prices.”
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with Steve from Canstar to discuss the fallout from the RBA rate rises. Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.
https://www.canstar.com.au/team-members/steve-mickenbecker/
National Debt Helpline 1800 007 007. https://ndh.org.au/
Go to the Walk The World Universe at https://walktheworld.com.au/