Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Evidence provided by the RBA to Parliament yesterday underscores the $350 billion of mortgages across some 800,000 facilities which are expected to reset from fixed (~2% interest rates) to ~6% variable rates in 2023. This could have a significant impact on households and their spending patterns to say nothing of rising mortgage stress. http://www.martinnorth.com/ Go … Continue reading “The RBA Says The Pain Time Is Coming!”
Another outing, thanks to Cookie, looking at recent property price reductions, and cross correlating these with data from my core market models. It is clear that property prices are on the turn in the last hold-out state now, and we know that mortgage stress is higher in the Northern half of the Apple Isle. Go … Continue reading “Operation Antispruik Around Launceston (TAS)”
Property in the Illawarra, south of Sydney saw a significant run up in prices through COVID. However, prices are now potentially on the slide as illustrated by recent examples from the listings sites. We discuss some examples, courtesy of research by Cookie Boy, and add in data from our core models to show how mortgage … Continue reading “Operation Anti Spruik In The Illawarra!”
More analysis of recent price changes for property – this time in the West, and again strong correlation with high levels of mortgage stress. Thanks for Cookie Boy for doing the research. We focused on more affordable houses, and spruikers note, prices are down. Go to the Walk The World Universe at https://walktheworld.com.au/
The latest figures from CoreLogic show prices for homes are easing, and in some places falling. We look at the data, in the light of pressures on households, and rising stress as reported in our latest surveys. And we consider the future trajectory, sheeting the shape of price changes and wealth directly at the door … Continue reading “Homing In On Price Falls, With More To Come…”
More detailed examination of home price movements, using data from Cookie Boy and DFA modelling. There is mounting evidence of significant price reductions, and some common threads relating to mortgage stress and scenarios. Let us know if there are specific areas you would like us to research in future shows.. Go to the Walk The … Continue reading “Operation Anti-Spruik Part 2”
Yesterday, the RBA raised its official cash rate by 0.5% to now sit at 0.85%. This increase was above market expectations and was the RBA has signalled that more rate rises are coming. This is particularly so given that the RBA has signalled that inflation is expected to go higher, not lower in the coming … Continue reading “No Mercy for the Debt Sheep sent to the Slaughter”
Labor has announced a Regional First Home Buyer Support Scheme, which to me is entirely political in nature, and further exacerbates the housing affordability issues we have been discussing. Meantime we discuss our data on rising mortgage stress in the regions, and why this is occurring. https://alp.org.au/policies/regional-first-home-buyer-support-scheme Go to the Walk The World Universe at … Continue reading “Why Regional Home Buyers Are Getting Crushed!”
The latest from our property insider, as we consider the real story behind the flooding, risks when buying older property, mortgage stress, and the latest from China. The latest edition of our finance and property news digest with a distinctively Australian flavour. Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from our property insider, as we consider the real story behind the flooding, risks when buying older property, mortgage stress, and the latest from China. The latest edition of our finance and property news digest with a distinctively Australian flavour. Go to the Walk The World Universe at https://walktheworld.com.au/