More from our Property Insider, as we look at the latest news, with a focus on Australia.
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Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
More from our Property Insider, as we look at the latest news, with a focus on Australia.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The RBA Minutes certainly took the wind out of the sails of those expecting a rate cut anytime soon. More hikes are being signalled, and in fact Morgan Stanley flagged that the markets had got ahead of themselves.
The 30 Day Implied rates are also moving higher. So those being influenced by the spruikers saying now is good buying should be cautious. Things are more complex.
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Our latest discussion with Edwin Alemida, our property insider. Who are you going to believe about what is happening in the property market?
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Many property investors are choosing to leave the field, leading to a rise in the number of ex-investment property being listed for sale. There are many reasons why this is occurring, and we explore some of them today.
But in short, the marginal costs of borrowing on a rental mortgage have risen far faster than the rental income. And given the limited prospects of capital gains, and the removal of some offsetting perks from a tax perspective, investors are exercising their rights to quit. Another reason why rental supply is so limited, and a sign again of how broken the system is.
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In the first of our international series, we compare the UK and Australian markets, as listing decline and rental property is in crisis mode.
In addition we discuss the building company failures and collapsing buildings.
More once we get the broadband operating in the UK!
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The property crisis we see in Australia is being replicated in other places too, including the UK, where again the rental sector is in the centre of the storm. So we look at a recent article from the AFR, which highlights the pressures on the system, with large rental increases, massive demand for accommodation, whilst supply is reducing due to policy changes. Once again it is an object lesson in market failure.
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The latest results from our surveys and modelling to end March 2023 reveals that more financial stress is piling on households, thanks to higher rates, bigger loans, and rising costs of living. Income growth is not keeping pace.
So in this show we walk through the results, by post code. And we also make some general observations about how households can deal with the pressures.
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Today we look at the February numbers from Core Logic and the ABS new lending data, which refinancing apart remain weak. In fact we are not convinced conditions are likely to lead to sustainable price rises.
In the final part of our Australian Property Rant series with property insider Edwin Almeida we look at the latest numbers and emerging trends.
After a short break though we will be back with the International Property Rant weekly, so stay subscribed to catch the first in the new series.
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https://www.ribbonproperty.com.au/
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The latest from our surveys shows that the number and proportion of first-time buyers seeking help from parents – via the Bank of Mum and Dad is falling fast.
Not only are new volumes down, but we know that BOMD loans are at greater risk in a rising rate environment.
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