Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The ABS released their May 2019 Building Approvals data today. The trend estimate for total dwellings approved fell 0.5% in May, while the less reliable seasonally adjusted estimate for total dwellings approved rose 0.7% in May. As you know DFA uses the trend series in our analysis and modelling. However, most reports will pick the … Continue reading “Home Approvals Remain Weak In May 2019”
Via Australian Broker. At the time of writing, cuts of 25bps had been announced by Resimac, State Custodians and Athena Home Loans. Reduce Home Loans cut its rates by 22bps, taking its lowest advertised rate to 2.89% and putting the lender in the sub 3% category with Greater Bank, HomeStar Finance and BOQ. Unlike last … Continue reading “Who Cut What”
Courtesy of Philip Lowe, speaking in Darwin tonight. Savers do not even warrant a mention… more the shame! As I am sure you are aware, this morning the Board decided to reduce the cash rate by a quarter of a percentage point to 1 per cent. This follows a similar adjustment last month. This easing of monetary … Continue reading “RBA’s Explanation For The Cut”
We discuss monetary policy in the light of today’s rate cut.
We discuss monetary policy in the light of today’s rate cut.
The RBA has released their statement today. At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent. This follows a similar reduction at the Board’s June meeting. This easing of monetary policy will support employment growth and provide greater confidence that inflation will be consistent with the medium-term … Continue reading “RBA Rate Decision – Cut Again”
New home sales jumped in all four major states in May 2019, according to the HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – provides an early indication of trends in the residential building industry. They were up by 54.2 per cent in … Continue reading “New Home Sales Rebound In May – HIA”
Research from credit information website, CreditSmart.org.au, has revealed that one year on from the adoption of Comprehensive Credit Reporting (CCR), most Australian consumers are still unaware of the changes that are impacting their credit health, and may not know how it can impact their future credit applications. The research found that in the last 12 … Continue reading “Aussies’ awareness of changes impacting credit health still a work in progress”
The New Zealand Central Bank is steering a path quite different from the RBA with a move to lift bank capital to much higher levels, in the interests of protecting households and businesses in New Zealand. The costs, they say, are worth the benefits! Indeed the recent IMF report on NZ endorsed their approach. Australian … Continue reading “NZ Reserve Bank On Bank Capital”
The MFAA and the FBAA have called on ASIC to provide the mortgage industry with greater guidance surrounding expense verification, but have urged the regulator not to adopt a “prescriptive approach” to responsible lending, via The Adviser. The Australian Securities and Investments Commission (ASIC) has published submissions from its first round of consultation regarding its … Continue reading “Associations call for ‘clarity’ on expense verification”