Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
From The New Daily. The federal government may be poised to unveil a special savings account and tax breaks for first home buyers in next week’s budget, despite government ministers refusing to confirm leaked reports in the media at the weekend. With the housing affordability crisis close to the top of voter concerns, the federal Treasurer last … Continue reading “Aid for home buyers could be a back-to-the-future flop”
Today we launch the first of our regular Property Imperative Weekly Update Blogs and Vlogs; the next stage in the development of the Digital Finance Analytics site and in response to requests for a summary service. We have been publishing regular reports on the residential property and mortgage industry in Australia for many years, in … Continue reading “The Property Imperative Weekly Launched”
So the latest pivot from the Government is a focus on the “good and bad debt” as an apparent key to growth, with housing affordability now becoming more of a side show as the realisation dawns that they cannot solve that equation. This segment discusses the issue, and includes a contribution from DFA.
From The Adviser. The federal Minister for Small Business, Michael McCormack MP, has said he is “in awe” of what brokers do and is urging them to email him to highlight any areas where bureaucracy can be reduced. Speaking at a breakfast meeting hosted by the Mortgage & Finance Association of Australia (MFAA) in Sydney … Continue reading “Federal minister urges brokers to identify red tape challenges”
From The Real Estate Conversation. The government is considering offering exemptions to new superannuation limits for retirees who downsize from their family home, according to reports. The upcoming Federal Budget could contain measures that allow elderly Australians who sell the family home to be exempt from new superannuation caps, according to media reports. A report in The … Continue reading “Budget may encourage downsizing with superannuation breaks”
Australia’s residential land market showed signs of increased supply pressures during the closing quarter of 2016 according to the latest HIA-CoreLogic Residential Land Report published today by the Housing Industry Association and CoreLogic. According to the latest HIA-CoreLogic Residential Land Report, the weighted median land lot price rose by 4.8 per cent to $254,406 during … Continue reading “Short Supply Forces Land Prices to Rise Again – HIA”
From The Real Estate Conversation. Many of the federal politicians tasked with fixing Australia’s intractable housing affordability problems are significant property investors themselves, according to findings from an investigation by the ABC. The study, which looked at data from Parliament’s registers of interests, shows that at least 95 per cent of our elected federal members own at least one property; this compares with a … Continue reading “Aussie politicians outed as big-time property investors”
From The Real Estate Conversation. The federal government is considering limiting the number of properties investors can buy, as it struggles with ways it can reign in property prices in booming markets only a few weeks out from the May budget. According to an article in The Australian Financial Review, the government is looking at ways it can … Continue reading “Federal government may cap number of investment properties”
From The Sydney Morning Herald. Deloitte Access Economics’ quarterly business outlook, released today, predicts the official cash rate of 1.5 per cent will climb slowly in 2018 and 2019 to reach 3 per cent in the early 2020s. The Reserve Bank was well aware “interest rates are now a massively more potent weapon for slowing … Continue reading “‘This thing’s gonna blow’: Top economists’ interest rate warning”
Interesting statements from the REIA today, highlighting the risks, in their eyes, to the economy if regulators tighten credit on home lending. Here is the problem, do nothing, and home prices will continue to spiral higher with households ever more exposed, leading to a bigger future correction, and so economic damage, as rates rise or … Continue reading “‘Sledgehammer’ approach to risky lending could hurt economy: REIA”