Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
From The New Daily Bloated by nearly $10 billion in stamp duty from the hot Sydney property market and asset sales, the New South Wales state budget delivered on Tuesday looks like a political winner for the Gladys Berejiklian government. While the state enjoys the nation’s lowest unemployment rate at 4.8 per cent, 3.5 per cent … Continue reading “NSW state budget swollen by property boom”
The evidence is mounting that the property cycle is on the turn, and the question now is – will it be a gentle retreat or a blood bath? In this week’s edition of the Property Imperative we consider the evidence. At the start of the week we got the latest auction clearance rates which showed … Continue reading “Into The Unknown – The Property Imperative Weekly – 10th June 2017”
From Investor Daily. In a housing market update this week, ANZ Research said it expects “prices to slow sharply this year and next” and flagged the potential oversupply of apartments – particularly in Melbourne and Brisbane – as a key concern. “The twin issues of housing affordability and financial stability are front of mind for … Continue reading “House price growth to ‘slow sharply’: ANZ”
From The New Daily. Consultancy firm KPMG has thrown into question the legality of the Turnbull government’s budget measure to allow first home buyers to use superannuation to save for a deposit. In its Super Insights Report, released on Wednesday, KPMG said the policy, which would allow home savers to salary sacrifice up to $15,000 a year … Continue reading “Using Super to Save for a Deposit Clashes with Retirement Needs”
The great rotation is well underway as investors vote with their feet whilst first time buyers are getting greater incentives to buy into the market at its peak. Welcome to the Property Imperative Weekly for 3rd June 2017. In this weeks review we look at changes to mortgage interest rates, new first time buyer incentives … Continue reading “The Great Rotation – The Property Imperative Weekly 3rd June”
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”
From The Real Estate Conversation. The 20% deposit and stamp duty required to buy a house in Sydney is $158,933, based on new CoreLogic data. That’s equivalent to 20 years’ worth of smashed avo. The 20 per cent deposit and stamp duty required to buy a house in Sydney is $158,933, according to new data from CoreLogic. That’s the equivalent of … Continue reading “CoreLogic numbers dispel smashed avo theory”
Another country takes steps to cool their housing market. Moody’s reports that changes to lending standards by the Hong Kong Monetary Authority (HKMA) will reduce the risks in the Hong Kong housing market which has been buoyant in recent years. Current elevated property prices pose latent risks to the banking system and make banks increasingly … Continue reading “Hong Kong Tightens Mortgage Lending Standards”
From The Conversation. Investors have played an increasingly important role in the Australian housing market in recent years. Our new research shows the actual return rate for housing investors almost doubled a layman’s expectation. Experienced investors are taking advantage of the knowledge gap and might continue to price out other housing buyers. The sharp increase … Continue reading “Investors are exploiting returns on debt financing to muscle out home buyers”
From The Real Estate Conversation. The Real Estate Institute of Western Australia has called the government’s expected introduction of a $270 levy for property investors “short sighted” and “irresponsible”. Details of the levy have not yet been formalised by the Government, but the REIWA understands the levy will be linked to water rates and will apply to properties with a gross rental value … Continue reading “New $270 levy for WA investors”