Category: Home Prices

New Credit Growth Turns South: Property Prices Falling Ahead?

New data from the ABS shows new lending fro property is falling alongside a fall in first time buyers, and average loan size. So we look at this in the context of high rates as NAB and ANZ lift some rates further. And we review the ABS notes on changes to the data series ahead, so things may change again…

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.

A Spotlight On Mitcham 3132

Another from our Spotlight series.

Mitcham is a suburb of Melbourne, Victoria, Australia, 20 km east from Melbourne’s Central Business District. Its local government area is the City of Whitehorse. At the 2016 Census, Mitcham had a population of 16,148.

DFA One To One

Go to the Walk The World Universe at https://walktheworld.com.au/

Why Regional Home Buyers Are Getting Crushed!

Labor has announced a Regional First Home Buyer Support Scheme, which to me is entirely political in nature, and further exacerbates the housing affordability issues we have been discussing. Meantime we discuss our data on rising mortgage stress in the regions, and why this is occurring.

https://alp.org.au/policies/regional-first-home-buyer-support-scheme

Go to the Walk The World Universe at https://walktheworld.com.au/

A Spotlight On North Ryde 2113

The latest in our deep dives on a post code. Today we look at a suburb north west of Sydney where units prices are lower than they were in 2017, and where relaxed planning regulations have created a transformed neighbourhood.

This is general discussion only, and the scenarios will change ahead.

You can find out more about our “One To One” service here: https://digitalfinanceanalytics.com/blog/dfa-one-to-one/

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.

FINAL REMINDER: DFA Live Q&A Property Now With Chris Bates 8pm Sydney Tonight

Join our live show tonight at 8pm (Sydney Time) as I discuss the latest property trends with Mortgage Broker and Elephant In The Room Podcast co-host Chris Bates, from wealthful.com.au.

We will be looking at the current trends, and consider the dynamics ahead, as rates and listings look set to rise. What are buyers and sellers thinking? And what of the recent Housing Affordability Report?

You can ask a question live via the YouTube chat feature.

Australia’s Housing Affordability Long Con…

The final report of the Housing Supply Inquiry is out, and as expected it misses the main points…

https://www.aph.gov.au/Parliamentary_Business/Committees/House/Tax_and_Revenue/Housingaffordability

We discuss the recommendations, and add our own commentary.

For a more thorough approach to housing affordability, wee my post on Steve Keen’s (TNL) policy, which makes so much more sense.

https://tnl.net.au/policies/

Go to the Walk The World Universe at https://walktheworld.com.au/

RANT: Well, Do You Really Want To Get That Equity Out?

More melding from the Government relating to housing, which is not aimed at tackling the real issue, but simply trying to make a positive headline. That triggered a rant from me on the stupidity of the current situation.

Go to the Walk The World Universe at https://walktheworld.com.au/

The Strongest Residential Property Price Growth … Ever!

It is amazing the impact of cheap credit has had on the property market as illustrated by the latest from the ABS. They say that Residential property prices rose 23.7 per cent through the year to December quarter 2021, the strongest annual growth since the Residential Property Price Index series began in the September quarter 2003, according to figures released today by the Australian Bureau of Statistics (ABS).

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/residential-property-price-indexes-eight-capital-cities/dec-2021

“Results were consistent with a range of housing market indicators. New lending commitments for housing rose to a record high value in the December quarter 2021. Days on market fell and sales transaction volumes increased. Record low interest rates and strong demand have continued to support growth in property prices”.

The total value of Australia’s 10.8 million residential dwellings rose by $512.6 billion to $9,901.6 billion in the December quarter 2021. The value of residential dwellings has risen $2,015.1 billion since the December quarter 2020. The mean price of residential dwellings in Australia was $920,100, up from $876,100 in the September quarter 2021.

This is essentially fake wealth, and it is unlikely we will see significant momentum ahead – indeed there are signs it is weakening.

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, as we consider the real story behind the flooding, risks when buying older property, mortgage stress, and the latest from China.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

More First Time Home Buyer “Bribes” Doesn’t Help Anyone…

More bribes for First Time Home Buyers, which actually work AGAINST housing affordability, and are another example of “unnatural acts” to keep the bubble going.

The Tasmanian state government will take over from “the bank of mum and dad” to help young home buyers achieve their dream of owning a place of their own.

The revamped Housing Market Entry Program will mean potential purchasers can buy a home with as little as a two per cent deposit — and the government will kick in up to $200,000 of the purchase price as an equity contribution.

It would mean an eligible applicant wanting to buy a $500,000 home could do so with a deposit as low as $10,000 and a mortgage of $300,000.
“The government will actually provide people with the opportunity to have the government as an equity partner, in the first home, either build or purchase.”

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.