Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest from our property insider, Edwin Almeida, as we look at the latest property listings, the China factor, and sub-room divisions. https://www.ribbonproperty.com.au/ Go to the Walk The World Universe at https://walktheworld.com.au/
New Zealand Household Finances Are Being impacted by the change in interest rates and falls in property prices as inflation continues to bite. The trouble is though these aggregate numbers do not really tell the true story. Whilst we do not run our surveys in New Zealand, we think the parallel with Australia would tell us that the rule of thirds applies. One third of households are under severe financial pressure, one thirds have no issues at all and are enjoying strong income growth and buffers and one third is in between, but slipping towards pressure as interest rates continue to rise, putting upward pressure on mortgage repayments and rents, and downward pressure on home prices and savings.
However, Stats NZ said The net worth of New Zealand households fell $88.9 billion, 3.7 percent during the June 2022 quarter. The June 2022 quarter decline is more than twice the $40.1 billion fall in the March 2022 quarter. The two consecutive quarters of declining household net worth follow ten consecutive quarters of gains.
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/
My latest Monday evening chat with our property insider, Edwin Almeida.
We look at the latest numbers, so unusual properties for sale, and discuss that landlords and tenants need to consider.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
A short segment where I answer some of the top questions from my inbox relating to the current property dynamics in Australia.
Go to the Walk The World Universe at https://walktheworld.com.au/
The RBA released their Financial Stability Report today and provided a worrying insight into household finances. Rate rises and large mortgages are having an impact, plus pressure on builders is rising.
We look at some of their analysis.
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest Friday afternoon yarn with Journalist Tarric Brooker (@AvidCommentator on Twitter). We look at the latest ructions in the markets and ask what is going to happen next – what is below the waterline, with the help if Tarrric’s slides.
Copies of the slides can be found at: https://avidcom.substack.com/p/charts-that-matter-30th-september
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest discussion with our property insider Edwin Almeida.
https://www.ribbonproperty.com.au/
From the We-chat chatters to the latest numbers and market commentary, we pick apart the property market. And Edwin lets us into more secrets of the Auctioneer.
Go to the Walk The World Universe at https://walktheworld.com.au/
Dale Webster from The Regional And Robbie Barwick from the Citizens Party discuss the war on cash with me , and specifically the removal of branch and cash infrastructure, especially in regional areas.
https://www.theregional.com.au/post/bank-petition-chance-to-send-a-strong-message-to-canberra
The Regional is an independent news service for 37 per cent of Australia’s population (and growing)!
Dale has been tracking regional bank closures, despite the amount of cash still in use (and rising). Banks are casting a dangerous shadow.
But now there is a Petition EN4244 – Moratorium on regional bank closures and new inquiry in front of Parliament, and we have about 10 days to send a formal message to the Australian Parliament Petition. It closes on 6th October 2022.
https://www.aph.gov.au/e-petitions/petition/EN4244
Petition Reason
Private research shows regional Australia has lost 62 per cent of its banks since 1975, leaving just 1062 located mainly in clusters in larger centres. The number of towns and cities with a bank has shrunk from 1226 to 386: 575 towns that once had one or more major banks now have no form of bank at all. Another 146 towns are on the brink of complete loss of banking services, with just one major bank open. Last year, regional Australia lost 113 “big four” bank branches. Locations included 45 towns that were stripped of their last/only bank. Of these, 23 did not have a minor corporate, mutual or franchise bank to fall back on. If a similar 10 per cent cut to the branch network is made this year, 100 more branches will be lost in the next seven months: 50 towns will lose their last bank. This issue has not been looked at properly for 17 years. The Morrison Government set up a “taskforce into regional banking” as a pre-election stunt but only put representatives of the banking industry and its own politicians on it. Just one public meeting was held. Findings have not yet been delivered.
Petition Request
We therefore ask the House to impose an immediate moratorium on regional bank closures, launch a new inquiry to pick up from where Money too Far Away (1999) and Money Matters in the Bush (2004) left matters and pulp any reports that come from the coalition’s taskforce.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited edition of live discussion about the current state of the markets with Tony Locatro, Perth based Investment Manager with Alto Capital. We will pick apart the latest movements and consider the implications for wealth protection and growth. Tony specialises in the small cap sector.
https://www.altocapital.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
My Monday chat with Edwin, which covers the latest numbers of property listings in Sydney, and our discussion is packed with insights about the market, and potential future trajectory. Go to the Walk The World Universe at https://walktheworld.com.au/
