Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest from our property insider, as we consider the real story behind the flooding, risks when buying older property, mortgage stress, and the latest from China.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
If you want the real truth about housing affordability, read the latest shocking data from the Demographia report, just released.
http://www.demographia.com/
Housing affordability in 2021 is considerably worse than before, with five times as many markets at 10.0 median multiples or higher than just a decade ago. The least affordable market is Hong Kong, with a median multiple of 23.2, followed by Sydney at 15.3, Vancouver at 13.3, San Jose at 12.6 and Melbourne at 12.1. Another 46 markets are rated severely unaffordable, with median multiples (price-to-income ratios) of 5.1 or higher. Just three decades ago, nearly all of the 92 major markets covered had median multiples near 3.0 or below. The pandemic has created a “demand shock” as households move to houses with more space (inside and in yards or gardens). This has been evident in markets with overly restrictive land use regulation (especially urban containment), and worsened by the inability of home builders in well functioning markets meet the unprecedented increase in demand. The most affordable market is Pittsburgh, with a median multiple of 2.7, followed by Oklahoma City and Rochester at 3.3, with Edmonton and St. Louis at 3.6.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest Building Approvals data from the ABS to the end of January revealed that the total number of dwellings approved fell 27.9 per cent in seasonally adjusted terms in January, following a 9.8 per cent rise in December. The ABS said: “The fall in the total number of dwellings approved in January was driven by a large fall for private sector dwellings excluding houses, which fell 43.6 per cent.
Now, as I discussed with Edwin in our Monday property rant the number of listings, especially for apartments in on the rise, and are tracking much higher than last year. Yet despite this important observation the MSM are ranting on about supply shortages in the next few years. All designed to push for more land releases reduced approval fees and other measures – conveniently ahead of the upcoming election campaign, where property will be in the sights… again.
Spruik definition: to speak in public (used esp of a showman or salesman )
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 latest from our property insider. More listings and pressure on apartments, and responsibilities of landlords and tenants, plus Edwin finds something ugly under the house….
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
Did you know that statistically, over 4,000 people die each year due to asbestos exposure? Not only that – one out of three properties in Australia contain asbestos, and most occupants aren’t even aware of it!
Knowing this, why is this issue yet to be addressed properly?
How serious is this problem, and how can you make sure that you’re safe from it?
Martin North of Asbestos Awareness Australia will walk us through everything we need to know about asbestos and how to deal with it, and the dangerous consequences its presence poses in property. We’ll also discuss myths about asbestos, the lack of action most people have, accreditation for asbestos removal, and more.
If you enjoy the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!
See you in the episode!
Episode Highlights:
Links from the Show:
Like it or now, Banks hold all the cards if a mortgage holder gets into financial stress. So what are the signs to look for, and how can we avoid getting trapped. I discuss this important issue with Robert Elftmann who has successfully negotiated numerous mortgage disputes with banks and in the best interest of the borrowers since 2010.
Robert is in no way connected or affiliated with the banking industry and is acting independently.
https://www.mortgageresolution.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
More bribes for First Time Home Buyers, which actually work AGAINST housing affordability, and are another example of “unnatural acts” to keep the bubble going.
The Tasmanian state government will take over from “the bank of mum and dad” to help young home buyers achieve their dream of owning a place of their own.
The revamped Housing Market Entry Program will mean potential purchasers can buy a home with as little as a two per cent deposit — and the government will kick in up to $200,000 of the purchase price as an equity contribution.
It would mean an eligible applicant wanting to buy a $500,000 home could do so with a deposit as low as $10,000 and a mortgage of $300,000.
“The government will actually provide people with the opportunity to have the government as an equity partner, in the first home, either build or purchase.”
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 latest from Edwin as we discuss flooding, auctions, and the lack of vodka. https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
I am joined by Journalist Tarric Brooker as we discuss this week’s traumatic events, and he shares more slides on topics of the day. Link to slides here:
https://t.co/NxO6SqzYQn
Tarric is @AvidCommentator on Twitter.
Go to the Walk The World Universe at https://walktheworld.com.au/
One of Australia’s largest construction companies is reportedly in difficulty and many projects have stalled while contractors might lose thousands. Was this just bad management of one company or a signal of wider strife across the industry, as supply chain disruptions, costs and demand all impact the sector?
Those who watch our regular shows might not be that surprised!
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.