Join us for a live discussion about the current state of the markets with Chris Bates from Wealthful, on the day the RBA will lift rates again. You can ask a question live.
Go to the Walk The World Universe at https://walktheworld.com.au/
Category: Home Prices
Its Edwin’s Monday Evening Property Rant!
In our latest Monday Rant we look at the latest from our Wee-Chatters, the latest numbers, and “innovative” property solutions, as rate rise and pressure on households build.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
Homing In On Price Falls, With More To Come…
The latest figures from CoreLogic show prices for homes are easing, and in some places falling. We look at the data, in the light of pressures on households, and rising stress as reported in our latest surveys. And we consider the future trajectory, sheeting the shape of price changes and wealth directly at the door of RBA monetary policy
[CONTENT]
0:00 Start
0:15 Introduction
0:25 June Price Moves
1:50 Major Cities
2:50 Regionals
3:50 Listings and Sales
5:50 Rentals
7:50 Outlook
12:00 Commentary
13:00 Latest Mortgage Stress
13:50 RBA will influence falls or gains
17:45 Conclusion and close
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.
Its Edwin’s Monday Evening Property Rant!
Our latest property chat with Edwin Almeida. A special discussion on the “levers” which might be used to try to prop property prices up, as the rate of fall increases.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
Crunch: Forget That New Mortgage!
Rising interest rates are already putting more pressure on households and now banks are reducing their ability to lend at high multiples with an effective reduction of “Borrowing Power” of up to 20%. Combined, this will put more stress on property owners and renovators.
APRA has written to the banks stressing the importance of sound mortgage lending. Better late than never!
WA may well see some of the biggest changes.
Go to the Walk The World Universe at https://walktheworld.com.au/
Kiwi’s Vote With Their Wallet…
A quick look at the very gloomy New Zealand Household Confidence Index.
The News From New Zealand is getting worse and worse (such that next years election result will now be really interesting). The latest is from the Westpac Mcdermott Miller Consumer Confidence survey results released this week.
Confidence among New Zealand households has plummeted, dropping to its lowest levels since we began surveying consumers back in 1988. The Westpac McDermott Miller Consumer Confidence Index fell 13 points in the June quarter to a level of 78.7. Confidence has only come close to these sorts of lows twice before – first during the recession in the early-1990s, and then again during the Global Financial Crisis in 2008/09.
Go to the Walk The World Universe at https://walktheworld.com.au/
Sydney’s Debt Sheep Are Scrambling Like Rats
With the RBA now tightening interest rates, what is critical to understand when the RBA will officially surrender to inflation is to look at forward leading indicators.
When it comes to the property market, Adams and North think there are three indicators which need to be paid close attention to, which are:
- Consumer Confidence;
- New property starts (something which Adams and North will come back to); and
- Property listings.
Today, Adams and North are going to focus on residential property listings for Sydney and the surrounding regional suburbs using data from SQM Research. Property listing data is a better forward leading indicator than credit, because vendors list their properties on the market before buyers and borrowers purchase property.
We should note in a previous show, Adams indicated that the three areas of the property which are likely to crack first are:
- New housing estates;
- Commercial property; and
- Residential investor property.
Go to the Walk The World Universe at https://walktheworld.com.au/
Its Edwin’s Monday Evening Property Rant!
The latest from our Property Insider, Edwin Almeida, as we look at the latest market dynamics, price movements, and gossip from China. Things are getting, well interesting. And we also discuss mold in property and stamp duty and other levies relating to new construction. A packed show.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
Operation Anti-Spruik!
Today we discuss the latest property data and highlight some of the recent changes which suggests the “it always goes up brigade” may be wrong.
Thanks to Cookie Boy for helping with the research!
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.
Defusing The Household Debt Bomb
Some quick thoughts for households facing higher interest rates. There are some simple things you can do to help take the sting out of the rises – and taking more debt is not one personally I would play with.
Go to the Walk The World Universe at https://walktheworld.com.au/
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Caveat Emptor! Note: this is NOT financial or property advice!!