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APRA Reports ADI Housing Lending Is Up In May To $1.25 trillion

Alongside the RBA data, APRA released the latest monthly banking statistics for May, covering the Authorised Deposit Institutions (=Banks). Total housing loans was reported at $1.25 trillion, up from $1.245 trillion in April. The RBA number, which we reported already, was $1.36 trillion, the difference is the non-bank sector, at around $110 billion, around the … Continue reading “APRA Reports ADI Housing Lending Is Up In May To $1.25 trillion”

Housing Lending Up, Again, in May – RBA

The RBA released their financial aggregates for May 2014 today. Housing lending now totals $1.36 trillion, up by $7.2 billion, a growth rate of 0.5% in the month, and 6.2% in the past 12 months. Investment lending grew at 0.8% in May, whilst owner occupied loans grew at 0.4%. Investment lending is growing faster, at … Continue reading “Housing Lending Up, Again, in May – RBA”

Australian Household Loan To Income Ratios Are Worse Than In The UK

As we highlighted recently, the Bank of England is supporting the imposition of loan to income (LTI) ratios on banks in the UK, as a way to manage risks in the housing sector. So today, we start to explore loan to income data in Australia, captured though our rolling programme of household surveys. We start … Continue reading “Australian Household Loan To Income Ratios Are Worse Than In The UK”

UK To Cap High Loan To Income Mortgage Loans

The UK Financial Policy Committee is is charged with taking action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. In their June 2014 report they highlighted that the recovery in the UK housing market has been associated with a marked rise in the … Continue reading “UK To Cap High Loan To Income Mortgage Loans”

Care In The Community Growing

The Australian Bureau of Statistics today released some important data on how many people are being cared for informally in the community. They showed that in Australia, 12 per cent of people provide informal care to an older person or to someone with a disability or long-term health condition. There were 2.7 million people providing … Continue reading “Care In The Community Growing”

Super Fees Are Way Too High In Australia

In an interesting speech yesterday Dr David Gruen Executive Director Macroeconomic Group presented some startling data to the assembled company at the CEDA State of the Nation 2014 event. Citing the Gratton Institute report he said “in 2013, Australian superannuation fees ranged from approximately 0.7 per cent to 2.4 per cent of mean fund size, … Continue reading “Super Fees Are Way Too High In Australia”

Digital Business On The Rise – But Potential Untapped

When we released our Small Business Survey, we included a section on the impact of digital business and the internet was having on them. So we were interested in the latest ABS data on IT Use and Innovation in Australian Business. They found that more than one in four Australian businesses had a social media … Continue reading “Digital Business On The Rise – But Potential Untapped”

Investors Still Good To Go – Tax Breaks Ahoy!

Today we look at property investor trends in our household surveys series. We have been following the strong growth in investment lending, so was interested to see what property investors were thinking. Their appetite to invest appears to be slowing as we showed in our earlier post. Looking at those who are thinking about transacting, … Continue reading “Investors Still Good To Go – Tax Breaks Ahoy!”

How Household Property Buying Intentions Have Changed Since 1995

Today we continue our series on the latest results from our households surveys. Following our recent posts, we had several people ask about trends around some of the metrics we use. We have been running these surveys since 1995. So in this post we present a summary of trends from 1995 onwards. It provides an … Continue reading “How Household Property Buying Intentions Have Changed Since 1995”

Trading Up and Trading Down – Latest Survey Results

We continue our series on the results from our latest household surveys. Today we look at those seeking to trade up, and trade down. These are important segments, as they are both shaping the market. Looking at up-traders first, these are households looking to sell to buy a larger property. Over one million households fall … Continue reading “Trading Up and Trading Down – Latest Survey Results”