A Banking Royal Commission Special Report
On the day the final report is published, we discus the main recommendations.
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The Royal Commission Recommendations
The final report from the Banking Royal Commission has been released, and it makes interesting reading. Here is a brief summary of the 950 pages. More to follow. At the high level, the greed driven attitudes of the industry are highlighted as leading to the poor practice and illegal behaviour. This was driven by high … Continue reading “The Royal Commission Recommendations”
Decoding 60 Minutes
A quick review of the DFA contribution to 60 Minutes aired last night. We covered the issues of home price falls, negative equity and property construction standards. See our more detailed post on negative equity.
Dwelling approvals decline in December
The number of dwellings approved in Australia fell by 4.1 per cent in December 2018, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today. “The trend for the total dwelling approvals series has continued to decline over the past year,” said Daniel Rossi, Director of Construction Statistics at the … Continue reading “Dwelling approvals decline in December”
ASIC requires Commonwealth Financial Planning Limited to stop charging fees for ongoing services
ASIC says Commonwealth Financial Planning Limited (CFPL) has failed to provide ASIC with an attestation and with an acceptable Final Report from the independent expert, both of which were required under a Court Enforceable Undertaking (EU) entered into with ASIC in April 2018 in relation to CFPL’s fees for no service conduct. As a result, … Continue reading “ASIC requires Commonwealth Financial Planning Limited to stop charging fees for ongoing services”
The Negative Equity Hot Spots
As featured on 60 Minutes, using data from our core market model we have mapped the hot spots across the country, as home prices fall. Negative equity is a brake on mobility and economic growth and is the result of rabid home lending and price growth, now going into reverse. This show discusses our approach, … Continue reading “The Negative Equity Hot Spots”
Falling, Falling and The Phony War – The Property Imperative Weekly 02 Feb 2019
Welcome to the Property Imperative weekly to the second of February 2019 – our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video, or read the transcript. As we wait for the public release of the Royal Commission Banking report on Monday, the slew of local data … Continue reading “Falling, Falling and The Phony War – The Property Imperative Weekly 02 Feb 2019”
Alert – Watch 60 Minutes On Sunday Night!
A quick segment on the upcoming programme on channel Nine.
Volatility Strains Capital Markets at U.S. Banks
A spike in market volatility during fourth quarter 2018 dragged down overall capital markets results for the five major U.S. trading banks including: Bank of America Corporation (BAC), Citigroup, Inc. (C), The Goldman Sachs Group (GS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS), according to the latest report from Fitch Ratings. “Market volatility … Continue reading “Volatility Strains Capital Markets at U.S. Banks”
Taking Australia’s Economic Pulse
We discuss recent research which points to a potential slowing in the housing sector, and its implications more broadly, but with a specific focus on retail real-estate, and the impact of online shopping as more retailers give up the survival fight. What will happen to shopping centre rentals?