Category: Property Market

Housing Affordability Crashes!

The latest report on Housing Affordability from ANZ and Corelogic underscores the pressures on Households, and mirrors findings from our own Stress Surveys.

On every metric, affordability has crashed, but then what do you expect from 20+ years of bad policy, ultra low rates and Government incentives? And, no, the answer to all this is not just of offer more incentives to drag people into the market at these high multiples!

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.

Three Big Housing Nasties…

We look at recent commentary from New Zealand highlighting three forces which are combining to drive home prices lower. In fact, we argue they are three for the four horses of the apocalypse. As a result, expect prices for fall further and faster. And this is an objective lesson to Australia, who is about 6 months behind.

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

Pop Goes The NZ Home Price Weasel!

REINZ Released their data for APRIL, and as expected property prices and momentum are moderating, with a further slowdown in sales activity, more moderate price growth and, as properties stay on the market for longer.

Across New Zealand, the number of residential property sales decreased annually by 35.2% in April 2022, from 7,497 in April 2021 to 4,860. The sales count for New Zealand excluding Auckland, decreased 31.7% annually from 4,815 to 3,287.

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

Why You Can’t Bank On Houses…

I caught up with Roger Brown, @bankcustomers on Twitter, to discuss his perspective on the mortgage industry, and what has driven it over the past decades.

As an experienced business man, his insights are gold, but the banks will not like them. The future of the banking system and financial stability may be at stake.

How poor policy finally coming home to roost.

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

FINAL REMINDER: DFA Live Q&A Leith van Onselen: Economics Today 8pm Sydney Tonight

Join us for a live discussion as I explore the latest economic and financial news with Leith van Onselen, Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.

You can ask a question live.

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

Its Edwin’s Monday Evening Property Rant!

Edwin and I were joined by George Rousos from ITC to discuss the state of the Real Estate industry, and the proposal to lobby for a Royal Commission into the industry.

Here is a link to the Get-Up Petition: https://me.getup.org.au/petitions/a-royal-commission-into-real-estate-practices

We also discussed the current state of play in terms of listing numbers, the the potential for higher migration after the election.

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

Households Are Up To Their Necks In Stress..

My latest household stress analysis and mapping, as the numbers go off the dial. We also look at the most stressed electorates ahead of the upcoming election.

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 RBA’s “Gotcha” Moment Has Real Life Consequences!

The fact is the RBA has been off the pace in terms of forecasts, and strategy, and as a result they are not lifting rates into a slowing economy to try to tackle inflation which they partly created.

In addition, the latest Statement on Monetary Policy shows real wages are set to decline over the next couple of years, while overall growth will decline, despite a (artificially) low unemployment rate.

Time for a proper review of the RBA – how do we make the Governor and his team more accountable. Being embarrassed is not enough!

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

FINAL REMINDER: DFA Live 8pm Sydney Steve Keen TNL

Join us for a live discussion as I explore the intersection of politics and economics with Professor Steve Keen, who is running in the upcoming election as a Senate Candidate for TNL.

Affordable Housing

You can ask a question live.

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