Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Join me tonight for an in-depth discussion of the RBA 50 basis point rate hike today, and the implications. What will happen the the property market now?
You can ask a question live via the YouTube chat. I will be joined by our resident property insider Edwin Almeida. Chris Bates had to pull out due to family illness.
A review of recent property news and their implication for prices, the real estate industry and construction.
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.
This is the latest in my series of “tin-foil” discussions with my friend George, this time looking at the media. We consider who sets the agenda, whether “truth” is objective, and how we tell.
A warning, some of George’s view are quite different from those in the MSM, but as I say, diversity of voice is important.
Thanks to George for editing the show.
Go to the Walk The World Universe at https://walktheworld.com.au/
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/
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/
Join us for a live discussion with Damien Klassen, Head of Investments at Walk The World Fund and Nucleus Wealth. You can ask a question live.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited edition of our latest live show as I discuss the property market with our Property Insider Edwin Almeida.
Go to the Walk The World Universe at https://walktheworld.com.au/
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.
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/
Our latest weekly market review we look at the momentum in the market, which has turned positive (unless you hold Crypo) starting with the US, Europe, Asia and Australia.
The big economic news on Friday from the US was that real consumer spending rose in April by the most in three months. This helped to push the S&P 500 Index to its biggest weekly gain since March.
At first glance, this may be seen as a sign of resilience on the part of US consumers despite the highest inflation rates since the early 1980s. However, look more closely and it’s not encouraging that consumers are having to dig deeper into their pockets to finance that spending with the personal saving rate dropping below 5% for the first time since 2009.
Annual inflation remains three times higher than the Fed’s 2% target and helps explain why policy makers are seen pressing on with half-point hikes in interest rates in coming meetings.
Go to the Walk The World Universe at https://walktheworld.com.au/