Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest HIA-CoreLogic Residential Land Report shows that the median vacant residential land lot price rose nationally by 6.5 per cent during the September 2017 quarter to reach $267,368. “Yet again, the price of residential land in Sydney and Melbourne has touched fresh all-time highs. “Transactions on the land market continue to drop, indicating that … Continue reading “Residential land prices hit another new high”
The Victorian Government has reaffirmed their intent to shortly accept applications for its shared equity scheme known as HomesVic from up to 400 applicants. This was first announced in March 2017. As we said at the time: … our analysis not only here but overseas is that they simply lifts prices by the same amount. … Continue reading “More On Incentives For First Time Buyers In Victoria”
Note that links are tested on posting, but not checked subsequently. 12 Dec 2017 – SBS – Why some parents are giving their kids up to $75,000 07 Dec 2017 – Australian Financial Review – RBA challenges first time buyer ‘unaffordability’ claims 07 Dec 2017 – Radio 6PR Perth – Warnings over home loans not … Continue reading “2017”
The HIA says that stamp duty bills have increased almost three times faster than house prices since the 1980s and this trend will continue unless stamp duty is reformed. This result is contained in the latest edition of the HIA’s Stamp Duty Watch report which provides an analysis of state governments increasing reliance housing taxes. … Continue reading “Why Stamp Duty Bills are Snowballing – HIA”
First Time Buyers are keeping the property ship afloat for now, but what are the consequences? Welcome to the Property Imperative weekly to 9th December 2017. Watch the video, or read the transcript. In our weekly digest of property and finance news, we start this week with the latest housing lending finance from the ABS. … Continue reading “First Time Buyers Keep The Property Market Afloat – The Property Imperative Weekly – 9th Dec 2017”
Digital Finance Analytics has released the November mortgage stress and default analysis update. Across Australia, more than 913,000 households are estimated to be now in mortgage stress (last month 910,000) and more than 21,000 of these in severe stress, the same as last month. Stress is sitting on a high plateau. This equates to 29.4% … Continue reading “Mortgage Stress Continues On a High Plateau In November”
According to ME Bank, in a study of 1500 Australian adults, 43% of respondents said they were reliant on future house prices to achieve future life / financial goals, with 10% completely reliant. But it’s a tug-of-war as to which way we want prices to go: 38% want prices to increase while 37% want them … Continue reading “Many Households Think Property Values SHOULD Fall”
KPMG has released their 2017 Mutuals Industry Review. Under the hood, the sector is under pressure, despite asset growth. COBA said they welcome the backing from KPMG, which highlighted strong financial performance. We are not so sure. Sure, assets are growing, but at what cost? This is what COBA said: KPMG Australia’s Mutuals Industry Review … Continue reading “Mutuals Growing But Under Competitive Pressure”
Home prices are more to do with sentiment that fundamental economics, and this week we saw new data, so are home prices on their way down? Welcome to the Property Imperative weekly to the 25 November 2017. Watch the video, or read the transcript. We start this week’s digest of finance and property news noting … Continue reading “How Far Are Home Prices Going Down? – The Property Imperative Weekly 25 Nov 2017”
The IMF has issued a concluding statement following their official visit to Australia. They warn that growth will be modest, more effort is required to contain housing risks – including macroprudential, and a structural reform agenda is required to lift productivity and growth. Over the past year, Australia’s recovery under the transition from the mining … Continue reading “IMF On Australia”