Digital Finance Analytics (DFA) Blog
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From The Adviser. Following an article in The Adviser highlighting a ‘major flaw’ in the online form for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the commission has now updated the form to better reflect channel choice. On Wednesday, The Adviser ran a story in which Queensland-based broker Nicki McDavitt … Continue reading “Royal Commission updates online form”
Note that links are tested on posting, but not checked subsequently. 12 Dec 2017 – SBS – Why some parents are giving their kids up to $75,000 07 Dec 2017 – Australian Financial Review – RBA challenges first time buyer ‘unaffordability’ claims 07 Dec 2017 – Radio 6PR Perth – Warnings over home loans not … Continue reading “2017”
Note that links are tested on posting, but not checked subsequently. 21 Dec 2016 – The Australian – Fears rise as mortgage stress strikes bush, city 15 Dec 2016 – Australian Financial Review – Home loans expected to jump 80 basis points 14 Dec 2016 – The Australian – CBA adds to property investors’ debt … Continue reading “2016”
Martin North, Digital Finance Analytic’s founding Principal and banking sector analyst, willingly engages with the media offering informed, objective and independent views on banking, financial services and broader economic policy issues. He has a special interest in the dynamics of the housing sector. Requests by Media for interviews can be made here or call 0412 … Continue reading “Media”
The game is up. Major changes are rippling through the property market, with continued pressure on many households, so we examine the latest data. Welcome to the Property Imperative weekly to 13 January 2018. Watch the video or read the transcript. In this week’s review of the latest finance and property news, we start with … Continue reading “The Game Is Up – The Property Imperative Weekly 13 Jan 2018”
ANZ today announced it has completed the simplification of its Wealth Australia division with the sale of its life insurance business to Zurich Financial Services Australia. The sale is comprised of two transactions with total proceeds of $2.85 billion, inclusive of $1 billion of upfront reinsurance commission from Zurich. This follows the sale of its … Continue reading “ANZ completes simplification of Wealth Australia”
From The Conversation. It does seem anomalous that the major banks have now become supporters of the royal commission into financial services, given they have been the principal targets. But the alternatives are probably less palatable, particularly if the banks think that all past major issues of misconduct and immoral behaviour have already been brought … Continue reading “Broad mandate for financial services royal commission takes the heat off banks”
From The Conversation. Income inequality has dropped slightly in Australia, largely driven by a fall in incomes for the richest 20% of the population, according to the latest Australian Bureau of Statistics (ABS) Survey of Household Income and Wealth. The richest 20% of the population have seen their real disposable incomes (adjusted for the number … Continue reading “Income inequality ticks down as the rich see their incomes fall: ABS”
Household Incomes are growing at the slowest rate for two decades, putting more strain on family budgets who are wrestling with rising costs and bigger mortgages and battling the debt monster. What the implications for home prices, and the broader economy? Welcome the Property Imperative weekly to 19th August 2017, as we look at the … Continue reading “The Debt Monster – The Property Imperative Weekly – 19 Aug 2017”
We had significant reaction to yesterday’s post on the “normal” status of high household debt. So today we take the argument further using data from the RBA Household Balance Sheet series (E1) and the recent ABS data on income growth. The traditional argument trotted out is that household wealth is greater than ever, this despite … Continue reading “Another Perspective On Debt”