Digital Finance Analytics (DFA) Blog
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During the election campaign then-opposition leader Bill Shorten repeatedly claimed that everything was going up. Via The Conversation. “Childcare is up 28%, out of pockets to see the doctor up 20%, specialists … up nearly 40%,” he said. And then the punchline: “everything is going up, except your wages.” Statistically, it wasn’t true. The official … Continue reading “Real Disposable Income Stalled Since 2009 – HILDA”
Anyone expecting an RBA rate cut to trigger a repeat of the six-year property boom we experienced from 2011 needs to think again, according to one of Australia’s leading forecasters; via InvestorDaily. Speaking to Investor Daily, AMP Capital chief economist Shane Oliver said he believes Sydney is now about halfway through its correction, with top-to-bottom house … Continue reading “Rate cuts won’t stimulate housing, says Oliver”
How far will home prices fall? Welcome to the Property Imperative weekly to 3rd March 2018. Yet another big big week in property and finance for us to review today. Watch the video or read the transcript. We start with the latest home price data from CoreLogic. Prices continue to soften. On an annual basis, … Continue reading “Going Down, Down, Down – The Property Imperative Weekly 03 Mar 2018”
Another massive week of finance and property news, much of it centred on households and their finances, as the regulators home in on the risks in the mortgage market. But is it too little too late? Welcome to the Property Imperative weekly to the 14th October 2017. Watch the video, or read the transcript. We … Continue reading “Too Little Too Late? – The Property Imperative Weekly 14th October 2017”
From The Conversation. I’m not normally a fan of parliament hauling private sector executives before them and asking thorny questions. But when the Australian House of Representatives did so this week with the big banks it was both useful and instructive. And, to be perfectly frank, terrifying. Let’s start with Westpac CEO Brian Hartzer. First, … Continue reading “The spooky mortgage risk signs our bankers are ignoring”
From The Conversation. Deloitte Access Economics’ Chris Richardson recently suggested that young Australians would be better off renting than trying to buy a house. He argued: … rents today make a lot more sense than housing prices. This may be true. However, the situation for renters is far from clear-cut. Rents continue to increase in … Continue reading “For renters, making housing more affordable is just the start”
From The Conversation. Politicians and the powerful property lobby continue to argue that building more houses is the solution to Australia’s chronic affordability problems. But a “supply-side solution” – as propounded by NSW Premier Gladys Berejiklian as well as Prime Minister Malcolm Turnbull and Treasurer Scott Morrison – will only work if affordability is just … Continue reading “Home building isn’t a fix for affordability”
From The Conversation. How to fix the UK’s housing crisis has been the subject of national debate for decades. Universal home ownership is a popular goal, which successive governments have failed to achieve. This is largely because they have been faced with the paradox of increasing the supply of affordable housing while not encouraging house … Continue reading “How renting can fix the UK’s broken housing market”
According to Roy Morgan, whilst there was a decline in mortgage holders with no real equity in their homes, over 300,000 still at risk. The results show why house prices are important, and why any fall is a problem. In the 12 months to October 2016, the latest Roy Morgan Research data has identified 6.9% … Continue reading “Over 300,000 Borrowing Households Have Little Or No Housing Equity”
From The Conversation. So “fixing housing affordability” in Sydney is one of three top priorities for the new premier of New South Wales, Gladys Berejiklian. It’s good that the state’s new leader recognises this as an intensifying problem that can’t be ignored. Berejiklian will appreciate the electoral importance of this issue. It’s an especially sensitive … Continue reading “If you’re serious about affordable Sydney housing, Premier, here’s a must-do list”