ABS – Page 14 – Digital Finance Analytics (DFA) Blog

Your Home Is More Likely Not Your Own!

The ABS released their latest Housing Occupancy and Costs series for the financial year 2019-20. Now, this is important research of course but the potential of the findings to be useful are blunted by that fact that much has changed since June 2020, which of course was in the early phase of COIVD. With that caveat, there are some important findings.

First, in terms of basic home ownership, In the past two decades, from 1999–00 to 2019–20, the percentage of Australian households that own their own home: With or without a mortgage decreased from 71% to 66%. Without a mortgage decreased from 39% to 30%. With a mortgage increased from 32% to 37%.

In other words, more people are more in debt, no surprise for those following our shows. There are also some important state differences.

In the rental sector, Between 1999–00 and 2019–20, the percentage of Australian households that rent their home from: All landlord types increased from 27% to 31%. A private landlord increased from 20% to 26%. A state or territory housing authority decreased from 6% to 3%. Again there are significant state variations.

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Signs Of Great Economic Management?

We look at the latest employment numberwang, as well as the consumer confidence and leading indicators. Are the current mob good economic managers?

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Whoops: We Are Still Going Backwards!

The latest wages price data to end March 2022 was below expectations (despite the RBA liaison programme). As a result, households continue to go backwards unless you happen to be employed in a few high-demand industries. Public Sector works are also doing worse.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Inflation Is Hot, Hot, Hot!

The latest data from the ABS reveals that The Consumer Price Index (CPI) rose 2.1 per cent in the March 2022 quarter and 5.1 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS).

More importantly, non discretionary costs were up 6.6% – things you have to buy. So this underscores the issues households are facing. Expect more pressures ahead, and upcoming RBA rate hikes.

Go to the Walk The World Universe at https://walktheworld.com.au/

The Unemployment Conundrum

The ABS released their Labour statistics data today, and in came in line ball with last month. Not as strong as economists were expecting. That said, the labour market is tight because external labour supply from temporary works and migration has stalled thanks to the pandemic. Essentially the supply has dropped by around 500,000. So this is hardly great economic management, and if migration is powered up again, the unemployment will rise. The latest projections are for a fall to 3. Something then a subsequent reversal as migration kicks in.

And remember the threshold is an hour worked to qualify as employed!
The seasonally adjusted unemployment rate remained at 4.0 per cent in March 2022, according to data released today by the Australian Bureau of Statistics (ABS).

The ABS, said: “With employment increasing by 18,000 people and unemployment falling by 12,000, the unemployment rate decreased slightly in March, though remained at 4.0 per cent in rounded terms.
“4.0 per cent is the lowest the unemployment rate has been in the monthly survey. Lower rates were seen in the series before November 1974, when the survey was quarterly.”

The unemployment rate continued to fall faster for women than for men.

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Employment Myths And Realities….

The latest ABS Employment numbers came in better than expected, and with an unemployment number of 4% was better than expected. But are we reading the numbers right, and does it give the full picture. We examine the evidence.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/