Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Higher mortgage rates are starting to catch up on a number of fixed rated holders. Indeed over the next few months, higher home prices and the rate cliff will collide! What may happen?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Edwin Almeida our property insider joins me for another discussion about the state of property – it might blow your socks off!!
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Lenders are selectively lower the hurdles to make mortgage loans and refinance existing borrowing. According to an AFR article, some are tweaking the serviceability buffers. So we look at the implications, given rates are expected to continue to rise.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The RBNZ Monetary Policy Committee voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.
They said:
The combination of weaker demand and improved supply has reduced inflation in New Zealand. Annual consumers price inflation declined from 7.2% in the December 2022 quarter to 6.7% in the March 2023 quarter. Prices for some goods and services that change a lot — such as petrol prices and airfares — have also declined.
Inflation declined by more than expected, but it remains too high. While many measures of inflation expectations have declined in the last 3 months, they remain elevated. Most measures of persistent or ‘core’ inflation have stayed near recent peaks. Inflation is expected to take some time to return to the mid-point of the MPC’s 1 to 3% target range.
Inflationary pressure continues to be supported by a tight labour market, with employment above its maximum sustainable level. The unemployment rate remained very low at 3.4% in the March 2023 quarter. Although most indicators show that labour market pressures have eased since last year, they remain strong.
Overall, high interest rates are still needed to further slow demand. This will help to reduce upward pressure on prices, leading to lower headline inflation.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Join me for a live discussion with Chris Bates Chief Property Strategist wealthful.com.au. You can ask a question live.
The latest from our Property Insider, Edwin Almeida. we look at the latest numbers, how Governments are trying to “support” the market, and what happens when we get recognized….
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of my latest live stream, featuring Leath van Onselen, joint founder of Macrobusiness and Chief Economist at Nucleus Wealth.
We explored the consequences of the massive waves of migration now forecast in the budget pages (hidden in an appendix) and the potential impact of home prices and quality of life.
The original show is available here: https://youtube.com/live/_DxR9F4l20g
This version tidied up the audio, as we had renovators noises off during the live show.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Join me for a live discussion with Leith van Onselen, Chief Economist at Nucleus Wealth and Co-founder of Macrobusiness. Given the population growth now projected in the latest budget, Leith has pivoted on home prices, so we explore these dynamics. You can ask a question live.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Our latest property discussion, with Edwin Almeida, covering sinkholes, buyer competition (and what is driving them), migration, and the need for insurance… plus lots of other items too!
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Our latest Friday evening chat with Tarric Brooker. We answer follower questions on the mortgage market. And we got into some deep discussion about where prices may go!
Slides we discussed.
https://avidcom.substack.com/p/charts-and-links-from-appearance?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/