Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
HIA released its quarterly economic and industry outlook report today. They plea for weaker lending standards to revitalise the residential construction sector. In other words let the debt bomb get ever bigger! The State and National Outlook Reports include updated forecasts for new home building and renovations activity for Australia and each of the eight … Continue reading “15.2% Fall In New Homes Being Built”
The trend Wage Price Index (WPI) rose 0.6 per cent in the March quarter 2019 and 2.3 per cent through the year, according to figures released today by the Australian Bureau of Statistics (ABS). Trend growth in the public sector was 2.4% over the past year, compared with 2.3% in the private sector. ABS Chief … Continue reading “Wages rise 0.5% in the March quarter 2019”
The Grattan Institute published an interesting article in The Conversation. They argue that Labor’s policies are more likely to impact housing affordability than The Coalition. But right at the end of the article, they still preach lack of supply is the problem. This is not the case. First, we have more than 1 million vacant … Continue reading “Someone has to lose in order for first homebuyers to win!”
The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the March quarter 2019. The exception was Greater Darwin, and WA continues to experience high levels of insolvency. In the March quarter 2019, debtors who entered a new personal insolvency in Greater Sydney fell by 156 (-12.6%) to 1,082; Wyong (60) was the … Continue reading “Personal insolvencies fall in most capital cities in March quarter 2019”
The inaugural review of the Notifiable Data Breaches Scheme has revealed that the finance sector is one of the most at-risk sectors when it comes to data breaches, via InvestorDaily. The Notifiable Data Breaches Scheme was set up over a year ago when it became a legal requirement for entities to carry out an assessment … Continue reading “Finance sector one of the most at risk of data breaches”
I discuss the proposals announced as part of the election campaign with Ross Greenwood on 2GB. We really get into the detail….!
A selection on recent radio interviews all live to air.
I discuss the latest property trends with property expert Joe Wilkes from New Zealand.
The value of new lending commitments to households fell 3.7 per cent in March 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures on new lending to households and businesses. The fall in lending to households in March follows a 2.2 per cent rise in February 2019. ABS Chief Economist, Bruce … Continue reading “Credit Impulse Dies Some More”
CBA released their quarter update to 31 March 2019. Its an unaudited summary. Its weak, and confirms the trends we saw elsewhere. Customer remediation is costing them dear. CBA shares dropped. They announced an unaudited statutory net profit of $1.75 billion and a cash net profit of $1.70 billion. Headline profit was impacted by $714 … Continue reading “CBA Ups Provisions And Reports Margin Squeeze”