Digital Finance Analytics (DFA) Blog
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The RBA has made a supplementary submission to the Financial System Inquiry. Of note, they want to limit the extent to which SMSF’s can borrow, especially for property purchase; acknowledges the potential systemic risk from more housing lending, and the potential impact on business lending; and continues to be skeptical about the potential benefits of … Continue reading “RBA Reinforces Current Policy Settings”
The ABS published their data on Australian Securitisers to June 2014 today. At 30 June 2014, total assets of Australian Securitisers were $131.3b, up $2.5b (2.0%) on 31 March 2014. Still below below the pre-GFC peak of more than $250,000 million. During the June quarter 2014, the rise in total assets was due to an … Continue reading “Latest On Australian Securitisers”
In the Opening Statement to House of Representatives Standing Committee on Economics today, Glenn Stevens made the following points: not only are funding costs low, but banks want to lend and are competing to do so more actively than they have for some years; net worth per household has risen by about $120,000 over the … Continue reading “Where Capital Growth In Property Lives”
The ABS published their Wage Price Index to June 2014. In seasonally adjusted terms, both the Private and Public sector wage price indexes rose 0.6%. The rises in indexes at the industry level (in original terms) ranged from 0.1% for Accommodation and food services, Public administration and safety, and Arts and recreation services to 0.9% … Continue reading “Real Incomes Go Backwards”
The ABS published their housing finance data today to June 2014. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. The value of commitments grew faster than the number of transaction, so the average loan size is increasing. Growth in NSW, WA and TAS was faster than … Continue reading “June Housing Finance Up 1% – ABS”
We know that first time buyers are sitting on the sidelines, as shown in our recent surveys. The biggest barrier is price. Many are desperate to enter the market and would jump at any additional incentive. No surprise then to see proposals popping up from time to time to try and assist first time buyers. … Continue reading “Why Enticing First Time Buyers With Super Is A Bad Idea”
We continue our series on Loan To Income ratios, using data from our households survey with a look at Brisbane. We start with a geomapping of LTIs across the region. The blue areas have the highest ratios. Here is a list of the highest areas across QLD: Here is a list of the lowest areas … Continue reading “Brisbane Loan To Income By Post Code”
The FSI Interim report, released earlier in the week, includes a section on how technology may disrupt payments, a critical domain in financial services. The report says ” Advances in technology have reduced traditional barriers to market entry in payments, such as the need to construct a dedicated network. New entrants can leverage high levels … Continue reading “The Payments Revolution Around The Corner”
When we released our Small Business Survey, we included a section on the impact of digital business and the internet was having on them. So we were interested in the latest ABS data on IT Use and Innovation in Australian Business. They found that more than one in four Australian businesses had a social media … Continue reading “Digital Business On The Rise – But Potential Untapped”
The RBA released an important report today on The Changing Way We Pay: Trends in Consumer Payments. Their paper contains the results of the third Survey of Consumers’ Use of Payment Methods which was conducted in November 2013. The survey used a diary and end-of-survey questionnaire to collect data on the use of cash, cards … Continue reading “Consumer Payment Trends In Australia – Cash Is No Longer King”