Growing Mortgage Pain Has Consequences As Forced Sales Rise…

We look at the issue of forced sales, as mortgage rates, plus refinancing strategies, and risks. The number of mortgagee sales is rising, according to recent data, but is this the full story?

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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.

More Employment And Wages Number Wanging

We had new data from the ABS today on employment and wages growth, the latter so far off what the RBA was projecting and to nearly be funny. But the trends are telling a very different story. Tell me again why we really need to lift inward migration?

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You Can Hear Home Prices Falling!

Household borrowing power is being reduced as mortgage rates rise in response on the RBA hikes in the cash rate.

As a result forecasts for price falls are accelerating, as price falls are being reported, despite the lag between rate rises being announced and hitting households.

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.

What’s Happening To Canadian Home Prices?

Canada is an interesting analogue to Australia in so many ways, with its reliance on resources and massive exposure to property. Indeed, prices in some centres boomed through the recession. But now property values are falling, and further drops are expected. So today we look at analysis from Canada thanks to RBC Economics.

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

Australia’s World Economic Forum Secret Agent?

What has become of our country?

We have learnt that Australia for the past two years have had a secret government behind our backs and even behind the backs of the Ministers of the Crown. Adams was beyond gobsmacked to learn that Scott Morrison had secretly appointed himself the Minister in 5 portfolios behind the backs of his ministers including the Ministry of Health; Ministry of Finance; Ministry of industry; and Ministry of Resources.

This was somehow done without the Governor-General in some cases and in other cases with the Governor-General! The Governor-General participated in a conspiracy of appointing ministers in secret without evening informing the substantive ministers or the Palace!

It is essential that Australians remember that we have a dual constitutional system: A written constitution (influence from America); and Convention (influence from Britain). Convention is an essential part of how our parliamentary system actually works.

Parliamentary practice has been developed over the course of centuries and people have literally died and gone to civil war to develop our conventions and to ensure that the rights of Parliament and the Parliamentary system remains intact.

Between the Governor-General, Morrison, Porter and some official inside the Department of the Prime Minister and Cabinet, Parliament, conventions and have been trashed.

A Polarised Outlook Looms : Bull Verses Bear

As I discussed at the weekend, analysts are deeply divided on the future trajectory of markets, some pointing to the risks of recession ahead, and weaker earnings, others highlighting low unemployment, and positive market momentum. This polarisation is more extreme than I have seen in recent years – with both scenarios emanating from major investment banks. So today, I wanted to explore this division further, to consider again whether the US stock market is poised to extend its longest winning streak of the year — or slip back after another false dawn, with knock on effects across other markets including Australia.

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Its Edwin’s Monday Evening Property Rant!

Our latest chat about property focused on migration increasing, as announced by the Government over the weekend, and the impact on the markets – especially the rental sector. Plus of course Edwin’s regular updates on Sydney stats, and latest news.

https://www.ribbonproperty.com.au/

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