Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
While personal credit, according to the RBA is not rising, as shown from their credit aggregates – to August 2017 – we see a more disturbing trend. One of the less obvious impacts of flat incomes, rising costs and big mortgages or rents is that more households are under financial pressure, and so choose to … Continue reading “Demand For Short Term Credit Skyrockets”
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 CoreLogic. Abolishing stamp duty for first home buyers is likely to create some headaches for eligible buyers who have recently entered into contracts. Additionally we can expect first home buyer activity to stall before surging higher on July 1 2017. The long term outcome may be self-defeating due to higher demand pushing up prices. … Continue reading “NSW first home buyer demand set to surge post July 1”
Low rates combined with recent changes to various first home buyer initiatives has helped encourage more potential property buyers into the market, new research has revealed. Mortgage Choice’s latest Loan Purpose Report found first home buyers accounted for 14% of all loans written by the company in April, up from 12.2% in January. “In the … Continue reading “First home buyer demand bounces higher”
Australia is experiencing its fastest growth in Net Overseas Migration (NOM) in four years, according to the latest figures released by the Australian Bureau of Statistics (ABS). These new arrivals need somewhere to live, another factor in the elevated demand for property! ABS Demography Director Beidar Cho said that in the year ending 30 September … Continue reading “Population Growth Fuels Property Demand”
From CoreLogic. New South Wales and Victoria now account for a historically high proportion of national mortgage demand which continues to drive dwelling values much higher across these two cities compared with other regions. The current housing market growth phase has really been all about Sydney and Melbourne. When you look at dwelling value growth, … Continue reading “Mortgage demand has surged in New South Wales and Victoria”
As we finalise the next edition of the Property Imperative, we turn to the latest survey results, looking at household attitudes to property. The growth in volume of loans may be down a little, but their appetite for property is still strong. Recent auction results also underscore this. Today we compare the cross-segment survey responses, … Continue reading “Demand For Property “Safe As Houses””
From IT Wire. A former head of the Australian Bureau of Statistics, Bill McLennan, says the ABS has no authority to demand that people supply their names in the forthcoming census to be conducted in August. McLennan, who helped rewrite the Census and Statistics Act in the 1980s, has written a paper for the Australian … Continue reading “ABS oversteps mark in demanding names in census”
According to CoreLogic RP Data, the preliminary clearance rate across the combined capital cities rose this week, up from 69.5 per cent the previous week to 70.0 per cent. The level of activity across the capital city auction market was similar to the previous week, with 1,863 auctions held this week, compared to 1,876 last … Continue reading “Property Demand Confirmed By Auction Clearance Rates”
The results from the just updated Digital Finance Analytics Household Surveys shows that after a few wobbly months, demand for property has strengthened. The latest results supplement those found in the Property Imperative Report, which is still available on request. According to the results, lower interest rates, the removal of the negative gearing “risk”, no … Continue reading “Demand For Property Roars Back To Life”