Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Welcome to the Property Imperative weekly to the second of March 2019 – our digest of the latest finance and property news with a distinctively Australian flavour. We live in a weird world where the financial markets seem disconnected from the real economy, for example locally home prices data continue to fall, and future … Continue reading “The Impossible Equation – The Property Imperative 02 March 2019”
Fitch Ratings says the recent pattern of trade flows in Asia suggests that the sharp decline in world trade growth in the second half of 2018 was primarily due to the slowdown in domestic demand in China rather than the direct impact of tariffs associated with increased US-China trade tensions. Fitch Ratings latest chart of … Continue reading “Is China’s Domestic Slowdown Driving A Global Trade Slump?”
I discuss the latest from New Zealand with property expert Joe Wilkes, and we look at changes to capital gains, negative gearing and other factors which may impact the market. Some interesting comparisons with the UK and Australian markets too!
I discuss the latest from New Zealand with property expert Joe Wilkes, and we look at changes to capital gains, negative gearing and other factors which may impact the market. Some interesting comparisons with the UK and Australian markets too!
Across the metro area of Sydney, prices of all types of homes combined, according to CoreLogic’s Home Value Index, fell 1.0% in February from January, 10.4% from a year ago, and nearly 13% from its peak in July 2017. Just over the past four months, the index has dropped 5.5%: The volume of closed sales … Continue reading “Home Price Falls Widen In February”
The royal commission’s recommendation that brokers work under a best interest duty has been called “an impossible standard” by an association CEO and former regulator who saw Canada try and fail to do the same, via Australian Broker. In 2016, Canada’s regulatory body the Canadian Securities Administrators (CSA) announced it would introduce a best interest … Continue reading “Best interest duty “an impossible standard””
The ACCC has established a Financial Services Competition Branch, which it says will provide support for the Commonwealth Director of Public Prosecutions’ prosecution of ANZ, Citigroup, Deutsche Bank and six senior officers, via InvestorDaily. The unit, enabled by an allocation from the government’s mid-year budget, falls under the ACCC’s new Compliance and Enforcement Policy and … Continue reading “ACCC Ups The Ante”
We look at the latest credit stats from the RBA and APRA. The credit impulse is slowing. Its at the slowest rate since 1974. So what does that really mean?
The RBA released their credit aggregates to end January 2019 today, and the data confirms that lending growth continues to slow across home lending and personal credit. We will get to the detail shortly, but I want first to head to a comparison between the APRA data for the banks, also released today, and the … Continue reading “Non Bank Home Lending Rising”
APRA released the monthly banking statistics to end January 2019, and they show a further moderation in home finance lending to both owner occupiers and investors. In fact investment lending balances fell a little. Its worth highlighting these are raw numbers, no seasonal adjustment, and are based on the returns sent from the banks (possibly … Continue reading “ADI Home Lending Growth Slows Again in January 2019”
