Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
Contents:
0:23 Introduction
1:18 US
2:21 US Retail
3:15 US Markets
4:10 China’s Growth
5:10 Brexit and UK Markets
07:05 Germany
09:00 Australia
09:05 Latitude Failed Float
10:10 Bank of Queensland Result
10:42 Regionals Under Pressure
11:10 Unemployment
11:32 RBA Comments
12:40 Property Auctions and Prices
14:05 Mascot Tower defects
14:35 Local Market
Economist John Adams and Analyst Martin North digs into the question of home prices indices. The results may surprise you!
Property Insider Edwin Almeida also joins the conversation.
We ran our live event last night. This is the edited edition in which we discussed out latest scenarios.
The original version, with live chat replay is also available. Formal show starts at 34 mins in.
We spent today in Sydney presenting our analysis to fund managers and hedge funds. We reviewed our latest household surveys, and discussed the evolving property market. This is a summary of our day.
October Live Stream Event Tomorrow (Tuesday):
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour to 12th October 2019.
Contents
0:30 Introduction
1:20 US China Trade
3:10 US Markets
5:20 Fed Market Operations
10:10 Canada
10:50 Brexit and UK Markets
13:20 EU
14:00 China
15:05 Australian Section
15:10 Aussie Banks Under Pressure
18:40 Economic data and trends
21:25 Consumer and Business Sentiment
23:00 Property prices
26:20 Building Defects
31:15 Aussie QE
32:10 Aussie Markets
I discuss the latest with Chris Bates, Financial Adviser and Mortgage Broker, and we also answer some viewer questions. Is the property market in recovery mode now? Is so, where?
Chris can be found at www.wealthful.com.au & www.theelephantintheroom.com.au plus via LinkedIn: https://www.linkedin.com/in/christopherbates
If you have a questions for Chris and I, send it via the DFA Blog
This is the edited high quality and tidied up version of our live session, where we walked though our scenarios once again and answered viewers questions.
We updated our scenarios once again.
The original live recording, with live chat, which you can watch in replay is here:
A quick round-up of some of today’s news, including the latest falls in unit sales, APRA’s latest climb down, consumer and business confidence and ASIC move to curtail some of the excesses in the short term consumer credit market where people might pay 990%.
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
Apartment owners in high-rise units are realising their properties are worth less than they paid for them as rampant oversupply and falling demand send real estate values plummeting. Via RealEstate.com and The Daily Telegraph.
Recent sales figures indicated multiple unit owners made a loss on their investments, with some apartments in high rise buildings selling for up to $150,000 below what the sellers paid.
Such sales were particularly prevalent in construction hubs such as the suburbs of North Ryde and Rosehill, near Parramatta.
The suburbs were among the few Sydney areas where average prices have fallen below what they were in 2014, according to research from CoreLogic.
Multiple units in this complex on Allengrove Crescent in North Ryde have sold at a loss for the sellers, including one for $150K less than the vendor paid.
Median unit prices in the suburbs were 2-5 per cent cheaper than they were five years ago.
Median prices in other suburbs with a high supply of new units such as Hillsdale, in the Botany area, and inner west suburb Lewisham were below their 2016 levels, along with Zetland and Kellyville.
Suburbs with such deep drops in prices remained rare considering real estate values skyrocketed in the years between 2013 and 2017.