Lower interest rates reducing mortgage stress – Roy Morgan

New results from Roy Morgan’s mortgage stress data show that in the three months to April 2017, 16.8% or 666,000 mortgage holders can be considered to be ‘at risk’ or facing some degree of stress over their repayments. This compares favourably with 18.4% or 744,000 mortgage holders 12 months ago. These are the latest findings … Continue reading “Lower interest rates reducing mortgage stress – Roy Morgan”

Japan and Australia cooperate on fintech

The Japan Financial Services Agency (‘JFSA’) and Australian Securities and Investments Commission (‘ASIC’) today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and Australia. This Co-operation Framework recognises the global nature of innovation in financial services. In this environment, this Framework enables the JFSA and ASIC to … Continue reading “Japan and Australia cooperate on fintech”

$6.8bn stamp duty bonanza – at the expense of FHBs

From Mortgage Professional Australia. Huge NSW revenues from stamp duty have lifted state out of debt but prospective homebuyers are suffering The New South Wales State Government received $6.8bn from stamp duties on residential property over the past year, the State’s 2017-18 Budget has revealed. The NSW State Government is now free of debt, with … Continue reading “$6.8bn stamp duty bonanza – at the expense of FHBs”

NAB hikes rates for IO loans

The rush to hike interest only loans continues, with NAB announcing changes which mirror the other majors. A small reduction in OO P&I loans but a big hike for IO loans for both OO and investors. Net impact will be further margin repair. No link with the bank levy they say. From Australian Broker. NAB … Continue reading “NAB hikes rates for IO loans”

Mortgage Growth In Adelaide and Hobart

We finish our series on mortgage growth by looking at data from Adelaide and Hobart and plotting the relative change in volumes of loans between 2015 and 2017, by post code, drawing data from our core market models, and geo-mapping the results. Here is Adelaide. Here is Hobart. The yellow shades show the areas with the … Continue reading “Mortgage Growth In Adelaide and Hobart”

Who’s responsible? Housing policy mismatched to our $6 trillion asset

From The Conversation. Does the Australian government have the policy, organisational and conceptual capacity to handle the country’s A$6 trillion housing stock? We ask this question in a newly released research report. The answer is critically important to both household opportunity and prosperity, and to the management of our largest national asset. Australians’ wealth is … Continue reading “Who’s responsible? Housing policy mismatched to our $6 trillion asset”

SA To Tax Banks Too

The SA budget today contained a surprise. They plan to charge a 0.015 per cent levy on the major banks bank bonds and deposits over $250,000 but will exclude mortgages and ordinary household deposits. The tax to be introduced 1 July is expected to raise $370 million over four years. At  it represents SA’s estimated … Continue reading “SA To Tax Banks Too”

Scott Morrison is cracking down on credit cards

From Business Insider. Australians have around $52 billion in debt outstanding on credit cards and the federal government is going after this lucrative part of the banking sector with four tough new measures in a crackdown on card debt. Treasurer Scott Morrison has announced plans to change the way eligibility for a credit card is … Continue reading “Scott Morrison is cracking down on credit cards”

What’s The Correlation Between Mortgage Stress And Loan Non Performance?

Last night DFA was involved in a flurry of tweets about the relationship between our rolling mortgage stress data and mortgage non-performance over time. The core questions revolved around our method of assessing mortgage stress, and the strength, or otherwise of the correlation. We were also asked about our expectations as to when non-performing mortgage … Continue reading “What’s The Correlation Between Mortgage Stress And Loan Non Performance?”

Mortgage Growth In Greater Perth

We continue our series on mortgage growth plotting the relative change in volumes of loans between 2015 and 2017, by post code, drawing data from our core market models, and geo-mapping the results. Here is the Greater Perth picture. The yellow shades show the areas with the largest growth in the number of mortgages, the … Continue reading “Mortgage Growth In Greater Perth”