Social Trends – Page 56 – Digital Finance Analytics (DFA) Blog

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/

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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.

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Stagflation Coming Up Fast: 1970’s Here We Come!

Commodity prices are booming, from Oil, Wheat Nickel and Gas, as the fallout from Ukraine drives momentum which was already in play before the recent conflict started. To get a sense of how volatile commodity markets are right now, take a look at the chart below from Deutsche Bank’s Jim Reid, based on Thomson Reuters’ core commodity index. Reid points out,this I starting to mirror the energy price shocks of the 1970s. The rolling 3-month move in this overall commodity index was at +35.9%, just below the highest ever which was the +41.9% seen in the three months to August 11th 1973 . At that was before the latest gyrations. Surging energy and commodity costs mean high inflation is inevitable.

The euro zone is particularly dependent on Russian energy and is therefore the most exposed to stagflation risks, though the United States isn’t immune. Goldman Sachs analysts estimate a sustained $20 rise in oil prices would erode euro zone GDP growth by 0.6 percentage points this year. If Russian natural gas stopped flowing, an additional 2.2 percentage points would be lopped off, they say. That would put paid to most of the economic expansion expected by the European Commission, which in February forecast growth of 4% for 2022.

Have no doubt, Costs of living will spike higher than previously anticipated, and the overhang will be longer.

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.