Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
CoreLogic says over the five years to December 2016, the number of suburbs nationally with a median value of at least $1 million has increased by 176%. The gap between property owners and those wanting to buy has never been wider. There was a time in which having a dwelling worth $1 million or more … Continue reading “Strong capital gains drive a surge in the number of million dollar suburbs during 2016”
The December 2016 update for ABS Building Approvals confirms we are well passed the peak for the cycle, said the Housing Industry Association. In December 2016 total seasonally adjusted building approvals fell by 1.2 per cent with detached houses down by 2.2 per cent and ‘other dwellings’ sitting flat at +0.1 per cent. On a … Continue reading “Building Approvals Past Peak – HIA”
The Treasury has release a discussion paper to explore ways the Australian Government can develop the social impact investing market. It is potentially linked to the question of housing affordability. The Treasurer’s media release said: There are currently over 180,000 people on social housing wait lists across Australia. The number of social housing dwellings would … Continue reading “Social Impact Investing”
APRA has released their monthly banking statistics, which shows the portfolio movements of the major banks. Total lending for housing was up 0.68% to $1.52 trillion, with owner occupied lending up 1% to $987 billion and investment lending up 0.06% to $537 trillion. But there are adjustments in these numbers which make them pretty useless, … Continue reading “APRA Says Banks Home Lending Up In December … But”
From The Real Estate Conversation. Should the government be incentivising investors to buy unlimited numbers of properties, while first-home buyers can’t get a foothold in the market? This is the debate that won’t go away, as house prices on the east coast ratchet higher, and the percentage of first-home buyers in the market languishes at historic lows. Investor demand, on the … Continue reading “Negative gearing: the debate that won’t go away”
From Australian Broker. The Western Australian government has announced a temporary boost to its long standing First Home Buyers Grant, increasing the total amount from $10,000 to $15,000. The boosted payment will apply to contracts entered into between 1 January and 31 December next year for the purchase or construction of a new home. Builders … Continue reading “WA unveils boosted first home buyers grant”
Regular followers of the DFA Blog will know we have been highlighting the drift of first time buyers towards the property investment sector for the past couple of years. We produce this chart each month, which combines data from our households surveys and the ABS first time buyer series (which stubbornly refuses to identify FTB … Continue reading “More Proof That Young Australians Are Choosing Property Investment Over First Home”
From Mortgage Professional Australia. With the publication of ASIC’s remuneration review imminent, broking faces a tough summer, and as temperatures rise, so do tensions within the industry. So when global investment bank UBS published a report claiming that mortgage fraud was “systemic”, and driven by brokers, the reaction from the industry was swift and predictably … Continue reading “A closer look at UBS’ survey and mortgage fraud”
From The Conversation. The government is proposing changes to the foreign investment framework that will allow a foreign real estate investor to purchase an off-the-plan dwelling when another foreign investor has failed to reach settlement. In announcing the changes, Treasurer Scott Morrison deployed a familiar narrative about foreign investment increasing housing supply and making “housing … Continue reading “Changes for off-the-plan foreign buyers rely on a broken supply argument”
From The Real Estate Conversation. NSW Planning Minister Rob Stokes has called for the federal government to change negative gearing arrangements to help ease Sydney’s housing affordability crisis. The comments come ahead of next week’s housing affordability meeting between state treasurers. The Prime Minister Malcolm Turnbull took a policy of preserving the current negative gearing arrangements to the federal election, and said on … Continue reading “Negative Gearing Debate Re-ignites”