"Intelligent Insight"
A quick reminder of a special event on Sunday. We are in unprecedented times and business as usual won’t wash. So get to hear where things stand, but also what you can do. It’s not too late to sign-up.
Note: DFA has no commercial relationship with the organisers or other participants.
You can watch my recent shows with Harry and Robert.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Treasury has advised the number of Job Keeper supported employees is around 3 million, not 6.5 million as estimated due to errors, and the programme will be $60 billion cheaper!
https://treasury.gov.au/media-release/jobkeeper-update
We discuss the implications.
Join Edwin and I for a special discussion on property. Ask a question live via the YouTube chat, or send in questions beforehand via the DFA Blog.
Why is the property industry facing a rocky future? What are the true market indicators saying?
Mark your diary, and spread the word. This will be quite something!
I caught up with Steve Mickenbecker, Group Executive, Financial Services & Chief Commentator at Canstar to discuss the latest in mortgage, cards, deposits and loans.
Note: DFA has no commercial relationship with Canstar
We won on the Cash Ban it seems, so now we need to turn to creating a bank to support infrastructure investment in Australia to help kick-start the recovery.
Robbie Barwick from the Citizen’s Party and I discuss the drive which is really taking shape, but which needs your help once again.
Petition: Fast-track Australia to economic recovery and prosperity—expand the CEFC into a national development bank!
Sign here for the physical petition to be presented to Parliament: https://citizensparty.org.au/cefc-petition
Sign here for the Change.org petition: https://www.change.org/cefc-national-development-bank
Property Insider Edwin Almeida and I discuss today’s announcement as the daily CoreLogic index is suspended.
What are the implications?
This is the edited show broadcast live on 19th May 2020. We discussed our latest finance and property scenarios, the latest news and also walked through our mortgage stress data for selected requested post codes.
There is a path to higher home prices due to lower rates in line with the RBA market model, however it ignores availability of credit. The “Tulip” model weirdly takes little account of the credit drivers.
Most likely though unemployment will remain higher, while incomes are squeezed and so we have a stronger weighting on FALLS in property values over the next couple of years. How far they fall, and where, will be determined by how much stimulus is thrown at the economy, the migration settings and bank’s willingness to lend in a weaker employment and income environment.
You can watch the edited show here:
Note in the show we were comparing the ratios to the total household population in each post code.
The unedited original stream, with live chat is also available here:
On our live show tonight I will be able to present information from our live database – so, if you join the chat, you can ask me to show you the data for your post code. We will also update our scenarios, and look at the latest property and finance news.
See you then!
And remember we if get more than 1,000 on the stream Cookie Boy will donate $400 to charity!
The latest edition of our finance and property news update – including puppies today – with a distinctively Australian flavour.