Fitch Affirms Australia ‘AAA’

Fitch Ratings just related their outlook for Australia, and they affirm Australia at ‘AAA’.  They argue that our banking system is sound, the household debt issues are manageable, and the house price correction will be orderly. So that’s OK then… They also say that the ongoing Royal Banking Commission should not affect bank credit ratings … Continue reading “Fitch Affirms Australia ‘AAA’”

More From The Property Market Front Line – All Roads Lead To ROME (Sydney)

Edwin Almeida, our property market insider discusses the factors which have led to poor urban planning, and the impact this is having on the property market, and households.  scrollings=”no”  Please consider supporting our work via Patreon Please share this post to help to spread the word about the state of things….

Banks should be ashamed of themselves: Labor

The opposition has called on the coalition government to extend the Hayne royal commission after listening to victims of the banks, via InvestorDaily. Labor leader Bill Shorten made the comments after a town hall meeting with Victorians in the federal seat of Deakin. “We’ve heard today from victims of the banks, we’ve heard from small … Continue reading “Banks should be ashamed of themselves: Labor”

Red October And Beyond – The Property Imperative Weekly To 27th October 2018

Welcome to the Property Imperative weekly to 27th October 2018, our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video, read the transcript or listen to the podcast.  scrollings=”no”  As we approach the end of October, which is often a volatile month, the markets are down … Continue reading “Red October And Beyond – The Property Imperative Weekly To 27th October 2018”

AFG Says Home Lending Is In A Holding Pattern

AFG Mortgage Index figures released today show the country’s lending in a holding pattern with first home buyers the only category of buyer to record an increase for the first quarter of the 2019 financial year. Of course the AFG data only shows their own channels, but its a good indicator nevertheless. The volume of … Continue reading “AFG Says Home Lending Is In A Holding Pattern”

Australian Economy Reaches over $1.8 trillion; Thanks To Households

The Australian Annual National Accounts released by the ABS today show that the size of the economy has reached over $1.8 trillion, reflecting a 2.8 per cent increase in 2017-18. This is up from the $1.2 trillion in 2007-08 in nominal terms. Household consumption is a large part of the story, contributing 1.6pp though with … Continue reading “Australian Economy Reaches over $1.8 trillion; Thanks To Households”

AMP Bank Tweaks Broker Commissions

AMP Bank has revealed that, effective for loans settled from January 2019, it will be calculate broker commissions for its home loans on the net balance, instead of the total approved facility amount, via The Adviser. The bank becomes the third large lender to change the upfront commission structure to the new model in the … Continue reading “AMP Bank Tweaks Broker Commissions”