Digital Finance Analytics (DFA) Blog
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From The New Daily. There was considerable shock on Friday when Treasurer Scott Morrison announced legislation that could block billions of dollars of new housing supply – bizarrely enough, in the name of ‘affordable housing’. Property developers are aghast at Mr Morrison’s draft legislation, because although they see it as giving a small leg-up to … Continue reading “An affordable housing own goal for Scott Morrison”
From The Conversation. Various government policies have fuelled the demand for housing over time, expanding the wealth of older home owners and pushing it further and further beyond the reach of young would-be home buyers. A new study highlights this divide between millennials and their boomer parents. The study is part of a Committee of … Continue reading “How governments have widened the gap between generations in home ownership”
Mortgage Stress hit the headlines thanks to the ABC Four Corners programme, which used data from our household surveys. But if the tip of the iceberg is high debt, rising costs and devalued incomes, what lies beneath? We helped make the news this week, so in this special weekly edition of the Property Imperative to … Continue reading “What Lies Beneath? – The Property Imperative 26 Aug 2017”
From The New Daily. Shadow Treasurer Chris Bowen gave a good speech on Tuesday, promising to super-size Labor’s planned banking royal commission. Originally intended to flush out illegal and deceptive activity in the banks, a royal commission should, he says, spring clean their legal activities too because that’s where the real damage to the economy is occurring. Actually, … Continue reading “‘Generation Rent’ and the ruinous rule of unfair and unjust laws”
How much will mortgage rates rise, and when? Welcome to the latest edition of the Property Imperative Weekly, our digest of important finance and property news. Today we are looking back over the week to 22 July 2017. Banks, Mortgage Rates and Household Finances were all in the spotlight. We start with APRA’s announcement that … Continue reading “Will Mortgage Rates Rise Further? – The Property Imperative Weekly 22 July 2017”
The latest results from the Digital Finance Analytics Household Surveys, show that whilst there are segmental movements in play, overall demand for property remains intact, despite rising mortgage interest rates and concerns about stalling income growth. Results from the latest 52,000 survey show that first time buyers are being encouraged by the more generous first … Continue reading “Property Demand, Rotating, Not Falling”
From The New Daily. Much is being made of a cooling in key property markets, but a senior analyst warns that even a halving of price growth probably won’t help first home buyers. Louis Christopher, head of SQM Research, said his company’s prediction of 6 to 10 per cent national price growth in 2017 was … Continue reading “Affordability may still deteriorate despite a ‘cooling’ housing market”
From The New Daily. Home ownership has continued to fall among younger Australians, the latest census has revealed. The Australian Bureau of Statistics provided data to The New Daily on Thursday that confirmed home ownership among the classic ‘first home buyer’ demographic – those aged 20 to 39 – declined again in the 2016 census. It showed … Continue reading “Census makes it official: young Australians are priced out of home market”
From The New Daily. The new census data released on Tuesday should infuriate young Australians because it shows definitively how the housing market is being rigged against them. It dispels for good the myth that a shortage of dwellings is what’s causing house prices to rocket beyond their reach. The key myth-busting statistic is the average … Continue reading “The census confirms Australia’s great housing swindle”
From The Conversation. Does the Australian government have the policy, organisational and conceptual capacity to handle the country’s A$6 trillion housing stock? We ask this question in a newly released research report. The answer is critically important to both household opportunity and prosperity, and to the management of our largest national asset. Australians’ wealth is … Continue reading “Who’s responsible? Housing policy mismatched to our $6 trillion asset”