Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The government has announced the panel that will lead the capability review of the Australian Prudential Regulation Authority as recommended by the Hayne royal commission; via InvestorDaily. One of Commissioner Hayne’s recommendations in his final report on the royal commission was to conduct regular capability reviews into both ASIC and APRA with a review to … Continue reading “APRA Capability Review Launched”
This is starting to look serious as the latest DFA household financial confidence index results for January 2019 reveals a further decline in levels of confidence. The index fell to 87 in January, down from 87.3 in December, the lowest its been since the survey commenced, well below the neutral setting of 100. By way … Continue reading “Household Financial Confidence Tanks Again (But Are Investors Back?)”
From The Conversation. The fire at the Neo200 building on Spencer Street in the Melbourne CBD last week has eerie similarities to the Grenfell Tower disaster. Fortunately, instead of 72 people dead as at Grenfell, only one person was hospitalised for smoke inhalation. Nevertheless, the building industry has responded straight from the Grenfell song sheet. … Continue reading “Just Replace the Cladding Now!”
From The Conversation. Treasurer Josh Frydenberg has offered support to Donald Trump’s pick for the World Bank Presidency. David Malpass is currently Under Secretary of the United States Treasury with responsibility for International Affairs, and his previous experience includes being chief economist at Bear Stearns prior to their collapse. Our Treasurers support is wrong headed. … Continue reading “Should The World Bank Be Killed Off?”
Joe and I discuss the latest data from New Zealand, and compare things with the Australian property story. Parallels abound!
Now the new year has kicked off, we are getting the preliminary auction results from Domain. It seems that despite the hype (all those “willing buyers” the agents keep talking about), the volume and rate of auction clearances appear to be tracking the weakness late last year. Once again, their 40% floor means the the … Continue reading “New Year; Same Old Auction Results”
Welcome to the Property Imperative weekly to the ninth of February 2019 – our digest of the latest finance and property news with a distinctively Australian flavour. This was a mega week in which the Royal Commission reported, mortgage brokers were crushed, the RBA cut growth expectations, and we saw more confirmation of the … Continue reading “The Cliff Is Nearer Now… The Property Imperative Weekly 09 Feb 2019”
I take a deep dive into the property market in western Sydney with expert Edwin Almeida, and we find evidence of a “dead parrot”! Please consider supporting our work via Patreon. Or make a one off contribution to help cover our costs via PayPal. Please share this post to help to spread the word about … Continue reading “Is The Blacktown LGA The “Dead Canary” In The Coal Mine?”
To lose one is unfortunate, to lose two… well… Tough times for certain senior bankers! In an ASX statement NAB said that CEO Andrew Thorburn will finish at NAB on 28 February, while Dr Ken Henry indicated that he would retire from the board once a new permanent chief executive had been appointed. The NAB … Continue reading “NAB CEO and Chairman to go”
Digital Finance Analytics (DFA) has released the January 2019 mortgage stress and default analysis update. The long grind in WA continues, with more households under financial pressure, but we are seeing further deterioration in other states too. The negative wealth effect is biting now. The number of households in severe stress continues to rise. The … Continue reading “Mortgage Stress At Record High (Again)”