Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Today we look at the latest from the property and finance sector. ANZ is taken to court, NAB buys Citi’s Banking business, more on property defects and SQM’s latest property scenarios.
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New data highlights the housing affordability issues across Australia, and another major bank comes out with a forecast fall in home prices ahead. Things in property are getting interesting. So I am now waiting for the next Government response – how about yet more first time buyer bribes, or financial support direct to developers? With an election in the wind, the Government will want to find some way to prop up the market for the next few months, before a later collapse. So expect more unnatural acts ahead – unnatural from an economic and social perspective but unfortunately totally logical from a win at all costs, never mind the price attitude we have seen from this Government.
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In my latest chat with our property insider Edwin Almeida, we look at the change in the property weather, as prices are on the turn, the mythology of migration, and discuss why fire alarms which work are so important!
https://www.ribbonproperty.com.au/
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Australia’s biggest bank is suggesting people should team up together to buy property to relieve the affordability problem, and they offer a particular structure to do this. However, the risks of this approach are considerable – even worse than using the Bank of Mum and Dad, and their justification is tenuous give the small survey they are basing their releases on. A classic example of buyer should beware.
Housing affordability is a structural issue created by 30 years of bad policy. The approach of encouraging more people to borrow, despite the risks is concerning, and it does nothing to tackle the real underlying issues.
Personally I think it is irresponsible!
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I caught up with Evan Thornley, Executive Chair of Melbourne based Property Buyers Agents LongView. We discussed the optimal approach to property investment, and why so many get it so wrong.
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Join us for a live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he has just written a new book) and the Founder of the New Liberals Victor Kline.
You can ask a question live via the YouTube chat feature. I also made a short introductory show about what I hope to explore. This is an important episode.
The latest from our Property Insider Edwin Almeida. And later in the show a really powerful property tip!.
Go to the Walk The World Universe at https://walktheworld.com.au/
Well, the China Evergrande saga rumbles on, as the ramifications of an easing Chinese property sector play out. Bloomberg reported that some China Evergrande Group bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer as it tries to raise cash through asset sales. The shares were up nearly 10% on Friday to 2.78, well off recent lows, but then if you take a longer – say 6th month view then the story is rather different. Still on the mat. Though I still see some analysts saying both bonds and shares are a distressed bargain… we will see.
Certainly. certain holders of the 9.5% dollar note maturing in 2024 received notification they had been paid last Thursday. Evergrande skipped an interest payment due Sept. 29, starting the clock on a 30-day grace period before investors could declare a default. It’s the second time this month that the debt-stricken property developer avoided default.
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APRA released their Macro-prudential Framework for consultation. We look at their approach, and consider the implications. Spiced wet lettuce comes to mind!
The latest edition of our finance and property news digest with a distinctively Australian flavour.
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Latest from our insider… Edwin Almeida https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/