Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Over the next few days we will be posting the results of our latest household surveys. We are going to start with the hot investment segment, and look specifically at the vexed question of the proportion of overseas investors buying investment property for the first time. This is a tough data set to capture, because … Continue reading “Latest DFA Survey – Drilling Down On Overseas Investors”
ASIC has warned Australian financial services licensees that offer over-the-counter derivatives to retail investors located overseas could be breaking laws abroad, with Chinese authorities having alerted the watchdog that some online platforms have engaged in illegal activity, via InvestorDaily. Regulators in jurisdictions including Europe, Japan, North America and China have restricted or prohibited the provision … Continue reading “ASIC Warns On Overseas Derivatives”
The Treasure released a working paper today – “Foreign Investment and Residential Property Price Growth“. This paper explores the relationship between foreign investment in Australian residential real estate and property prices. They take the number of foreign approvals (with exceptions), and look, at a postcode level for differences in purchase price, between those with high … Continue reading “Treasury Modelling Suggests Foreign Property Investors Have Only Small Impact”
Globalisation has opened up property markets around the world, with cashed up investors from China in the market snapping up overseas homes at an accelerating pace. They’re also venturing further afield than ever before, spreading beyond the likes of Sydney and Vancouver to lower-priced markets including Houston, Thailand’s Pattaya Beach and Malaysia’s Johor Bahru; according … Continue reading “Australian Property Just One of Many Markets Of Interest To Foreign Investors”
From Fintech Business. A new off-the-plan property sale platform has been launched to cater for foreign investors who are looking to on-sell their investment via nomination before the settlement date. Aofun.com.au has launched an online platform that will allow property buyers, who have made down payments on off-the-plan properties, the opportunity to on-sell their investment via … Continue reading “Fintech Offers New Escape Route For Off The Plan Investors”
Excellent post from Cameron Kusher, CoreLogic RP Data, discussing the impact of the higher tax being imposed by several states on foreign investors in the context of state tax raising – they are highly dependent on stamp duty to support their coffers. He concludes that ultimately these changes may deter some foreign investment but these … Continue reading “Taxing Foreign Investors Harder”
From Business Insider The New South Wales government is after a bigger slice of the overseas investment flooding into Sydney’s booming property market, with treasurer Gladys Berejiklian announcing today that next week’s state budget will include foreign investor surcharges on stamp duty and land tax on residential real estate. A little over 20% of property … Continue reading “Foreign Investors Taxed To Billy-o”
ASIC says “The Targeting Scams report published today shows losses reported to the Scamwatch website from investment scams doubled in 2015. ASIC is alerting the public to the ways they can protect themselves from scams that are designed to steal their money,” ASIC’s Deputy Chairman Peter Kell said. “The ScamWatch data published by the ACCC … Continue reading “Older Investors Most Likely To Be Scammed”
We released the latest DFA Household Finance Confidence today, incorporating results from our household surveys to end July. The overall index recovered a little from its all time low last month, rising to 91. This is still below a neutral setting. The index has been below water since April 2014. This month we pulled out … Continue reading “DFA Household Finance Confidence Index For July 2015 Shows Investors Have It”
The recently released Quarterly Australian Residential Property Survey Q1 2015 from NAB, included some data which chimes with DFA research (and highlights again that the FIRB do not have their figure on the overseas investor pulse). First, with regards to First Time Buyers, NAB says that the say that around 1 in 4 purchases are … Continue reading “NAB Validates DFA Research On Property Investors”