Search Results for: household confidence

Almost 1 in 10 loans would fail underwriting standards: report

From MortgageBusiness. A new report examining the impact of regulatory changes on the Australian mortgage market has concluded that nine per cent of home loans written so far this year would now fail current underwriting standards. Released this week, The Property Imperative Report V report from Digital Finance Analytics (DFA), applied the typical underwriting criteria … Continue reading “Almost 1 in 10 loans would fail underwriting standards: report”

First Time Buyers Still Want Property

Continuing with data from the latest edition of the Property Imperative, today we look at first time buyers. Our latest survey identified about 319,000 households who are first time buyers. The majority are seeking to purchase, or have recently purchased an owner occupied property (80%), the remainder preferring an investment property. Only 9% of these … Continue reading “First Time Buyers Still Want Property”

Latest DFA Report – The Property Imperative 5 – Just Released

The Property Imperative, Fifth Edition, published September 2015 is available free on request. This report explores some of the factors in play in the Australian residential property market by looking at the activities of different household groups using our recent primary research, customer segmentation and other available data. It contains: results from the DFA Household … Continue reading “Latest DFA Report – The Property Imperative 5 – Just Released”

No Sovereign Credit Impact From Australia PM Change – Fitch

The change in Australia’s premiership following a Liberal party leadership vote held on Monday will not have an immediate credit impact for the sovereign, says Fitch Ratings. Frequent changes in leadership, with four prime ministers governing the country over the past five years, have made little difference in core economic policies so far. There is … Continue reading “No Sovereign Credit Impact From Australia PM Change – Fitch”

Data indicates the recession is effectively here; it’s what policy makers do next that counts

From The Conversation. The latest economic figures released by the Australian Bureau of Statistics (ABS) have fuelled the debate on the future of the Australian economy and prompted many to ask: “Will Australia go into a recession?” This question is legitimate, but off the mark. In fact, the data tells us that we should not … Continue reading “Data indicates the recession is effectively here; it’s what policy makers do next that counts”

Who Benefits from High House Prices?

Most would accept that house prices in the major Australian centres are too high. Whether you use a measure of price to income, loan value to income, or price to GDP; they are all above long term trends. Indeed, in Sydney and Melbourne, they are arguably more than 30% higher than they should be. The … Continue reading “Who Benefits from High House Prices?”

Loan Probability Of Default By Post Code

DFA’s coverage in the SMH today relating to the probability of default by post code has stimulated significant interest. As part of our household surveys, we capture data on mortgage stress, and when we overlay industry employment data and loan portfolio default data, we can derive a relative risk of default score for each household … Continue reading “Loan Probability Of Default By Post Code”

RBA Minutes Says Impact Of Investment Lending Scrutiny Not Showing Yet

The RBA released their minutes today for July. Little new really, though they comment that housing credit growth had been steady and remained relatively strong for investors in housing, although it had not accelerated. Any effects of regulators’ greater scrutiny of investor lending were probably not yet evident in the data. We expect to see … Continue reading “RBA Minutes Says Impact Of Investment Lending Scrutiny Not Showing Yet”

Australia’s banking four pillars wobbly on sustainability record

From The Conversation. Australian companies will soon be publishing financial results, as well as information about sustainability efforts. Corporate social responsibility of the big four banks – Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac is a continuing topic of debate following recent scandals and … Continue reading “Australia’s banking four pillars wobbly on sustainability record”

Residential Building Growth All About Units

The ABS issued their March 2015 data on Building Activity. The trend estimate of the value of total building work done rose 2.0% in the March 2015 quarter. The trend estimate of the value of new residential building work done rose 3.6% in the March quarter. The value of work done on new houses rose … Continue reading “Residential Building Growth All About Units”