A Deeper Dive Into Home Prices
Having looked at the on-line property data, we go further and ask about what a “true value” might actually be. The answer may shock you.
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Behind Property Price Values
We look at some of the major property “price” sites and highlight the variations to be found. Who is right? How can we tell? We use Liverpool 2170 as a case study. We believe there needs to be a code of conduct relating to the disclosure of values, people are being misled.
Preview IOTP – The War Is On Against The Enemies Of The Truth
We just released a new show on “In The Interests Of The People“, in which Economist John Adams, Property Expert Edwin Almeida and I discuss the problem of fake news, and why so many spruikers are pushing a line. See the full 35 minute show at: https://youtu.be/LNc86vfsARY Its one of the most important to-date! While … Continue reading “Preview IOTP – The War Is On Against The Enemies Of The Truth”
The Markets Are Reaching Rarefied Heights – Property Imperative Weekly 20 April 2019
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
Beyond 7/30’s Negative Equity Report
I discuss the context for the segment aired on Wednesday. Original show DFA Methodology High resolution maps
The ‘ball-tampering’ budget trick they don’t want you to know about
The first week of the federal election campaign has been dominated by heated disputes about the numbers behind both government and opposition policies, via The Conversation. Both sides are under pressure. Notably, the cost of Labor’s 45% emissions-reduction target has been rightly questioned. Opposition leader Bill Shorten’s answer to reporters that “our 45% reduction, including … Continue reading “The ‘ball-tampering’ budget trick they don’t want you to know about”
NAB Up’s Customer Remediation Costs
NAB says that an additional charge of $525 million after tax ($749 million before tax) relating to its customer remediation programme. As a result 1H19 cash earnings will drop by around $325 million and earning from discontinued operations by $200 million. They say they have made around 360,000 payments to customers with a total valuer … Continue reading “NAB Up’s Customer Remediation Costs”
Trend Employment Steady
The ABS has reported that Australia’s trend estimate of employment increased by 20,700 persons in March 2019, with: the number of unemployed persons increasing by 3,000 persons; the unemployment rate remaining steady at 5.0%; the underemployment rate remaining steady at 8.2%; the underutilisation rate remaining steady at 13.2%; the participation rate remaining steady at 65.6%; … Continue reading “Trend Employment Steady”
High Resolution Negative Equity Maps
Following 7/30’s report last night I have received a number of requests for access to the maps. So here are the high resolution versions for Sydney, Melbourne and Perth. If they are reproduced elsewhere, please attribute DFA. As discussed in my video, this is based on the number of households in each post code recording … Continue reading “High Resolution Negative Equity Maps”
Banking sector reputation takes ‘major hit’
The major banks have seen their reputations significantly downgraded in an annual perception survey, with AMP placing last out of 60 Australian companies. The Reputation Institute’s Australia RepTrak 2019 list examined 60 of the top revenue making Australian firms, which saw all of the big four banks and AMP ranked within the bottom ten. The … Continue reading “Banking sector reputation takes ‘major hit’”