Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
My weekly chat with Edwin Almeida, in which we discuss the fallout from the floods, how China is pulling its horns in, what property prices are doing, and we are introduced to three cockerels which Edwin has adopted.
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
My Friday afternoon chat with Tarric Brooker got philosophical today as we pick apart the events of the week. A number of critical issues are in play which have some potential negative impacts.
Tarric is @AvidCommentator on Twitter. His slides are at https://t.co/v1IVtBzRua
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with George Markoski, property investor and founder of Positive Property Solutions. https://positivepropertysolution.com.au/meet-the-team/
We discussed the current trends in property, and explored some of the underlying drivers, and why George uses a property clock to help identify interesting markets. In addition, George will be starting a series with Robert Kiyosaki on Saturday.
Go to the Walk The World Universe at https://walktheworld.com.au/
Join us for an interactive discussion tonight, as we explore the current economic and political landscape with Founder and Candidate of The New Liberal (TNL) Victor Kline, and Candidate Professor Steve Keen.
You can ask a question live via the YouTube chat….
It is amazing the impact of cheap credit has had on the property market as illustrated by the latest from the ABS. They say that Residential property prices rose 23.7 per cent through the year to December quarter 2021, the strongest annual growth since the Residential Property Price Index series began in the September quarter 2003, according to figures released today by the Australian Bureau of Statistics (ABS).
“Results were consistent with a range of housing market indicators. New lending commitments for housing rose to a record high value in the December quarter 2021. Days on market fell and sales transaction volumes increased. Record low interest rates and strong demand have continued to support growth in property prices”.
The total value of Australia’s 10.8 million residential dwellings rose by $512.6 billion to $9,901.6 billion in the December quarter 2021. The value of residential dwellings has risen $2,015.1 billion since the December quarter 2020. The mean price of residential dwellings in Australia was $920,100, up from $876,100 in the September quarter 2021.
This is essentially fake wealth, and it is unlikely we will see significant momentum ahead – indeed there are signs it is weakening.
Go to the Walk The World Universe at https://walktheworld.com.au/
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/
After falls in credit card balances, the worm is turning, and so I discuss the types of cards and their users, with Steve Mickenbecker from Canstar. There are a number of traps for the unwary, which enables banks to improved their profit, but at the cost of their customers. And we recommend one of the most powerful toll available for debt management!
Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.
Go to the Walk The World Universe at https://walktheworld.com.au/
Suddenly Central Banks and Governments have the perfect alibi (a claim or piece of evidence that one was elsewhere when an act, typically a criminal one, is alleged to have taken place) to account for years of poor policy, as costs of living, and inflation are rising. And as RBA Deputy Governor Guy Debelle leaves the bank – does he see the writing on the wall?
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/
The latest Building Approvals data from the ABS to the end of January revealed that the total number of dwellings approved fell 27.9 per cent in seasonally adjusted terms in January, following a 9.8 per cent rise in December. The ABS said: “The fall in the total number of dwellings approved in January was driven by a large fall for private sector dwellings excluding houses, which fell 43.6 per cent.
Now, as I discussed with Edwin in our Monday property rant the number of listings, especially for apartments in on the rise, and are tracking much higher than last year. Yet despite this important observation the MSM are ranting on about supply shortages in the next few years. All designed to push for more land releases reduced approval fees and other measures – conveniently ahead of the upcoming election campaign, where property will be in the sights… again.
Spruik definition: to speak in public (used esp of a showman or salesman )
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
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.
Commodity prices are booming, from Oil, Wheat Nickel and Gas, as the fallout from Ukraine drives momentum which was already in play before the recent conflict started. To get a sense of how volatile commodity markets are right now, take a look at the chart below from Deutsche Bank’s Jim Reid, based on Thomson Reuters’ core commodity index. Reid points out,this I starting to mirror the energy price shocks of the 1970s. The rolling 3-month move in this overall commodity index was at +35.9%, just below the highest ever which was the +41.9% seen in the three months to August 11th 1973 . At that was before the latest gyrations. Surging energy and commodity costs mean high inflation is inevitable.
The euro zone is particularly dependent on Russian energy and is therefore the most exposed to stagflation risks, though the United States isn’t immune. Goldman Sachs analysts estimate a sustained $20 rise in oil prices would erode euro zone GDP growth by 0.6 percentage points this year. If Russian natural gas stopped flowing, an additional 2.2 percentage points would be lopped off, they say. That would put paid to most of the economic expansion expected by the European Commission, which in February forecast growth of 4% for 2022.
Have no doubt, Costs of living will spike higher than previously anticipated, and the overhang will be longer.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
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.