The latest analysis of the financial aggregates data from the RBA and APRA to end March 2022. We also look at the latest price trend data. Looks like things are slipping.
Go to the Walk The World Universe at https://walktheworld.com.au/
Category: Property Market
Leaky Boats – After A Bruising April: May May?
In this week’s market review we look at the action around the world, starting in the US, Europe Asia and Australia, and looking at Gold, Oil and Crypto in passing.
The news is not good, for those believing in a return to Bull markets, supported by a Fed Put. Actually, with inflation running hard, Central Banks will lift rates, and as yet markets are not fully pricing the risks of this change. Why would they, as there are many who profit from transaction, any transactions, so of course they are talking their book. Hope that the Fed can lift rates to counter persistently high inflation without tipping the US economy into a recession are fading, further fraying market sentiment.
CONTENTS
0:00 Start
00:15 Introduction
1:00 Earning Season
1:50 Sentiment Surveys
2:54 US Growth and PCE
5:57 US Markets
9:20 Monetary Policy
12:50 Oil
13:15 Gold
16:10 Silver
18:20 UK Home Values
21:08 Europe
22:27 Asia
25:35 Australia
28:25 Crypto
30:29 Conclusion And Close
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The Bank Of Mum And Dad Is The Fifth Biggest Lender In New Zealand!
Research from Consumer NZ highlights the role of the Bank of Mum and Dad in New Zealand, in parallels similar to those already seen in our research in Australia.
Many kids can only get into property thanks to inter-generational wealth shifting, and in some cases this is also putting parents under financial pressure. This is a sign on long term property failure.
Its Edwin’s [Late] Monday Evening Property Rant!
The latest from our property insider Edwin Almeida, as discuss the latest in price trends, under-quoting, and migration. And some great tips on how to address auctions.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
The Rental Crisis And How NOT To Fix It!
The rental situation is getting worse across the country driven by the pandemic-induced shrinkage in average household size as people demanded more space. This has effectively reduced the number of homes available to rent.
Plus many investors are lifting rentals to try to turn unprofitable investments positive (especially as capital gains on many apartments remains a pipe-dream).
CoreLogic reported that rents across Australia continue to explode, surging by 8.7% nationally and by 10.7% across the combined regions in the year to March 2022.
With rental growth (2.6%) outperforming value growth (2.4%) over the three months to March, national dwelling yields have recorded a one basis point rise since December (3.22%) and two basis points since reaching a new record low of 3.21% in January and February. Despite the recent rise, national rental yields are still 32 basis points below the yield recorded this time last year (3.55%).
But BTR is another fake ‘affordability’ policy as a new report in The AFR suggests recent Australian BTR projects charging a 20% premium on traditional rentals.
Its frankly a mess, with long standing consequences for households across the country. Its shameful.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
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Its Edwin’s Monday Evening Property Rant!
Edwin visited me in the DFA studio today for our weekly property chat. We discussed the political ball game around property, news from China about migration to Australia, and how to react to the latest market information.
Is there a path to higher home prices ahead?
Go to the Walk The World Universe at https://walktheworld.com.au/
New Zealand Home Price Falls Accelerate!
The REINZ came out last week with their report for March 2022, which they say solidifies the changes in the market seen over the past months as pressure on property prices eases, inventory levels increase, demand softens and sales activity decelerates.
“There is a pervasive feeing of uncertainty, and people are hitting pause. While more stock makes this a favourable market for buyers who find themselves in a position to wait for the right property and negotiate — particularly buyers with their finances lined up — many are balancing fear of over paying with an outlook of further interest rate increases. Conversely, sellers are holding out for the right price in a changed market.
So, we look at the latest numbers and consider the consequences.
Go to the Walk The World Universe at https://walktheworld.com.au/
The Social Housing Crocodile Tears…
The Guardian highlights the problems with NSW Public Housing policy. We discuss the reasons why this is happening.
The New South Wales government has sold off $3bn worth of social housing during its decade in power, while failing to meet its own targets for new properties.
New figures released through parliament this week show that since it was first elected in 2011, the Coalition has sold off 4,205 social housing properties across the state.
The sales have added about $3.5bn to the government’s coffers over the same period.
But while the government said all of those funds were used to prove “more, and better” social housing stock, data for new social housing constructions reveal the government has fallen well behind its own targets for new dwellings.
In 2016, the Coalition pledged to build 23,000 new social housing dwellings in the next decade as part of its Future Directions housing strategy. It committed to funding new social housing construction through the $22bn Communities Plus program.
But eight years on, with more than 50,000 people on the social housing wait list in the state, the Communities Plus program has achieved only 10% of that goal.
The Bank Of Mum And Dad Is Getting Strangled!
We examine the role of the Bank of Mum and Dad, in the light of the latest data. As well as highlighting inter-generational issues, there are pressures on both parents and their kids. And if you do not have “wealthy” parents the chances of getting into the property market is diminished significantly.
Go to the Walk The World Universe at https://walktheworld.com.au/
FINAL REMINDER: DFA Live Q&A Flood Special With Meighan Wells: Brisbane Property 8pm Sydney Tonight
Join us for a live discussion as I explore the latest in Brisbane Property with Meighan Wells. We will be looking in particular at the issues around flooding.
As the Principal of Property Pursuit and co-founder of the Home Buyer Academy and co-presenter of Your First Home Buyer Guide Podcast, Meighan is committed to excellence and the swelling list of satisfied clients as well as its multi-award-winning status is a testament to her ethics and hard work. In recognition of her expertise and high standards in the fast-growing buyer’s agency industry, Meighan was engaged to develop and deliver the education module for the REIQ course Acting as a Buyer’s Agent and is the former Chairman of the REIQ Buyers’ Agent Chapter.
You can ask a question live.
Go to the Walk The World Universe at https://walktheworld.com.au/