Property Market – Page 51 – Digital Finance Analytics (DFA) Blog

A Spotlight On North Ryde 2113

The latest in our deep dives on a post code. Today we look at a suburb north west of Sydney where units prices are lower than they were in 2017, and where relaxed planning regulations have created a transformed neighbourhood.

This is general discussion only, and the scenarios will change ahead.

You can find out more about our “One To One” service here: https://digitalfinanceanalytics.com/blog/dfa-one-to-one/

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.

Australia’s Housing Affordability Long Con…

The final report of the Housing Supply Inquiry is out, and as expected it misses the main points…

https://www.aph.gov.au/Parliamentary_Business/Committees/House/Tax_and_Revenue/Housingaffordability

We discuss the recommendations, and add our own commentary.

For a more thorough approach to housing affordability, wee my post on Steve Keen’s (TNL) policy, which makes so much more sense.

https://tnl.net.au/policies/

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

RANT: Well, Do You Really Want To Get That Equity Out?

More melding from the Government relating to housing, which is not aimed at tackling the real issue, but simply trying to make a positive headline. That triggered a rant from me on the stupidity of the current situation.

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

Its Edwin’s Monday Evening Property Rant!!

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/

The Housing Affordability Elephant In The Room!

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/

Property Spruiking Turned Up To 11

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.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.