Category: Property Market

New Zealand’s Emerging Property Disaster!

We look at the latest data from New Zealand, and how the property portals spin the story of rising stock, falling prices and confidence, against rising mortgage rates.

And we can probably extrapolate what may be going to happen here in Australia in the months ahead, considering our rate is well below the current NZ OCR of 2% – ahead of the RBA decision Tuesday, when we expect a 0.4% rise.

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.

The Start Of The Interest Rate Wars: With Steve Mickenbecker

I discuss the state of play for interest rates as the RBA meets next week. Mortgage rates are rising, while some deposit rates are rising. But how will this play out ahead?

And importantly, what can households do not to combat rising rates and costs?

Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.

https://www.canstar.com.au/team-members/steve-mickenbecker/

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

A Stats Fest On Credit, Home Prices And GDP…

Loads of data out the past couple of days, so we cover off the March 2022 quarter GDP, (hint strong household spending), Credit Growth (hint, investors having a field day), Building approvals (down) and Home Price aggregates (overall down).

We also discuss the implications for the new Government.

Will The RBNZ Be Forced To Cut Rates Later?

The Reserve Bank Of New Zealand is driving the OCR higher, as we saw last week. But the question is, for how long, and will they eventually have to reverse course?

New research suggests they may have to turn turtle next year as the economy stalls, and household budgets are squeezed.

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

Sounding The Retreat?

A clutch of information about the slowing real estate market, tighter lending standards and rising interest rates points to a significant slow down in Australia. So how likely is this, and could rate hikes be more gentle as a result?

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

Live Property Rant here 18:00 today: https://youtu.be/EgBwYH28S7s

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.

The Insolvency Wave Has Yet To Hit… But…

Equifax data suggests that, while the overall rate of insolvencies in March 2022 was up 5 per cent on last year, construction insolvencies were 28 per cent higher.

Iconic firm Grocon collapsed in 2020 and this year mega-builder ProBuild — with its $5 billion pipeline of work — fell over. Since then, ABD Group, Privium Home, Condev and, most recently, Next, went under. In the first quarter of the year, compared to the same period in 2021, 270 construction companies filled for insolvency, a 21 per cent jump.

Building costs have risen so much that one construction professional says he goes to work every day knowing he’ll “disappoint at least one person”.

Stretched global supply chains have fed into soaring costs for materials. Ongoing border closers boosted a hot labour market, meaning tradespeople have been charging more.

“It’s created a ‘profitless boom’, with many construction companies committed to projects that are no longer financially viable, thanks to major price increases for building materials”

Pivotal, which has built more than 1,500 homes over 15 years, was placed into liquidation on Thursday, following other major firms such as Condev and Probuild earlier this year.

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

Its Edwin’s Property Snap!

A breaking news update from our property inside Edwin Almedia.

https://www.ribbonproperty.com.au/

Also join us for a LIVE property rant on Monday at 18:00.

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.

Wither House Prices: With Tarric Brooker

My latest Friday afternoon chat with journalist Tarric Brooker who is @AvidCommentator on Twitter.

In today’s show we look at Australian Housing, the drivers of inflation, and the limitations of Central Bank policy.

The slides can be found at: https://avidcom.substack.com/p/charts-that-matter-27th-may-2022

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