Search Results for: housing affordability

Engineering A Boom – Or Not – The Property Imperative Weekly 23rd November 2019

The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. Contents: 00:22 Introduction 01:20 US Trade War 02:30 US Data and Markets 03:40 US Debt Growing Too Fast Says Fed 05:30 Repo and QE 07:40 Europe 08:20 Germany Financial Stability 10:50 China Another Bank Bailed Out 11:50 OECD Growth … Continue reading “Engineering A Boom – Or Not – The Property Imperative Weekly 23rd November 2019”

IMF Says New Zealand Faces Downside Risks, But Migration May Help To Mitigate Them

The IMF just published their concluding Statement of the 2019 Article IV Consultation Mission to New Zealand. They conclude: New Zealand’s economic expansion lost momentum recently. The near-term growth outlook is expected to improve on the back of a timely increase in macroeconomic policy support. Downside risks to the growth outlook have increased but New … Continue reading “IMF Says New Zealand Faces Downside Risks, But Migration May Help To Mitigate Them”

Someone has to lose in order for first homebuyers to win!

The Grattan Institute published an interesting article in The Conversation. They argue that Labor’s policies are more likely to impact housing affordability than The Coalition. But right at the end of the article, they still preach lack of supply is the problem. This is not the case. First, we have more than 1 million vacant … Continue reading “Someone has to lose in order for first homebuyers to win!”

Retiree home ownership is about to plummet

From The Conversation. Australia’s retirement incomes system has been built on the assumption that most retirees would own their home outright. But new Grattan Institute modelling shows the share of over 65s who own their home will fall from 76% today to 57% by 2056 – and it’s likely that less than half of low-income … Continue reading “Retiree home ownership is about to plummet”

IMF sounds alarm on Aussie debt bubble

From Investor Daily. An excellent piece by James Mitchell. The International Monetary Fund has recommended that APRA takes a forensic “deep dive” into the credit risk management frameworks of Australian banks. The IMF has released its Financial Sector Assessment Program (FSAP) report on Australia. While the comprehensive review was generally positive towards the domestic economy … Continue reading “IMF sounds alarm on Aussie debt bubble”

Reality on The Blink Again – The Property Imperative Weekly 23 Feb 2019

 Welcome to the Property Imperative weekly to the 23rd of February 2019 – our digest of the latest finance and property news with a distinctively Australian flavour.    Watch the video, listen to the podcast or read the transcript. The gap between the real data on housing and finance and the narrative offered by the … Continue reading “Reality on The Blink Again – The Property Imperative Weekly 23 Feb 2019”

The Art Of Credit Creation

Today we discuss how banks lend, and why the idea that bank deposits limit bank lending is plain wrong and helps to explain why home prices have exploded in recent years. The correlation between home prices and credit availability are clear to see. We have updated this chart to take account of 2018 data. As … Continue reading “The Art Of Credit Creation”

Is QE Back On? – The Property Imperative Weekly – 26 Jan 2019

Welcome to the Property Imperative weekly to the twenty sixth of January 2019, – Australia day – our digest of the latest finance and property news with a distinctively Australian flavour.    Watch the video or read the transcript. This week, amid weaker global economic news, there were signs that more stimulus of the financial … Continue reading “Is QE Back On? – The Property Imperative Weekly – 26 Jan 2019”

Australian Property Still Severely Unaffordable – Demographia

The 15th edition of the annual Demographia Internal Housing Affordability Survey has been released. Once again it shows that Australia and New Zealand property is unaffordable. Globally there were 26 severely unaffordable major housing markets in 2018. As normal they argue for planning reforms to release land, but do not consider credit availability, the strongest … Continue reading “Australian Property Still Severely Unaffordable – Demographia”

IMF On The Australian Economy

The IMF has released their Concluding Statement of the 2018 Article IV Consultation Mission.  And, well, it gives a relatively clean bill of health, whilst talking of risks in the housing sector, a need for more financial risk oversight and suggests that supply side issues need to be addressed to ease affordability. In other words … Continue reading “IMF On The Australian Economy”