Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
This is an edited version of our latest live stream, an exploration of the latest in property news, in a important week, where there Government wants to focus on housing supply, while the Greens are trying to freeze rents. I will be joined by our property insider, Edwin Almeida.
Go to the Walk The World Universe at https://walktheworld.com.au/
Home prices are driven by a combination of demand where population growth thanks to high migration puts upward pressure on prices; supply where more property for sale puts downward pressure on prices, and availability of credit as the catalyst for transactions to occur.
Much of the debate is currently centered on supply side issues. As I discussed last week, Outgoing Governor Phil Lowe, urged governments at all levels to work together to address the problem of housing affordability. Notably, he dismissed rent controls as a short-term fix that would provide immediate relief by reducing the incentive to fix the key problem: supply.
“There aren’t short-term solutions here. The solution has to be putting in place a structure that makes the supply side of the housing market more flexible and that means zoning and planning deregulation and it means state and local governments being part of the solution.”
This means that first time buyer incentives, or rental support just make the problem, worst – something which I have highlighted over the years (and which by the way the Productive Commission also confirmed).
But my fear is that the un-defused credit bomb will be skirted around and as the supply side elephant is paraded through the streets. But it is the credit Elephant in the room which should be addressed, even if it shrinks bank balance sheets and profits. If not, nothing will fundamentally change and prices will remain as out of whack as they currently are.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Show Me The Numbers! A deep dive into some of the fallacies which driven by MSM (and who pays the bills?) as we look at the latest from our property insider.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More from our property insider as we look at the latest from the market. Are listings really on their way up?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Our latest chat with our property insider, Edwin Almeida including a walk round a property being converted to “budget accommodation.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from our property insider Edwin Almeida as we look at the latest ways to “employ” people, the hidden cash flows in property, and how to drill a hole in a cement wall, and much more.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with Tony Locantro from Alto Capital in Perth , to discuss the current dynamics across markets, property and more. Managed to fill my bingo card again, but the messages are so relevant given the current state of play!
https://www.altocapital.com.au/about
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Latest data shows that more recent property purchases are being sold not long after buying, and some are going for a loss relative to their previous purchase prices (plus of course the various costs of transfer).
This is another sign of rising distress in the markets, with a focus on recent buyers (especially first time buyers in the past coupled of years) now faced with surging mortgage repayment costs. Areas in Melbourne and Sydney are most impacted so far.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
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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.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
Another rant with Edwin, ahead of our live show tomorrow (8pm Sydney time Tuesday). What is playing out is a potential win for the construction sector, but many home owners and prospective purchasers are facing an uphill journey in the current environment.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
After we skipped last week, we are back.
Plenty of insider property news from Edwin Almeida.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
