Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest results from our household surveys confirms that there are more households in financial stress than before the pandemic hit. As the various Government support mechanisms are ratcheted back, we will see the true impact on the community. Household debt is also turning higher again. We have 41.1% of mortgaged households (1.5 million) in … Continue reading “Household Financial Stress Higher Than Before COVID”
Our latest live event, broadcast on the 9th February 2021where I discuss the latest on the property markets with Mortgage Broker Chris Bates. https://www.wealthful.com.au/ CONTENTS 0:00 Start0:40 Introduction1:48 Chris Bates Joins and Market Overview11:00 Mortgage Broker Standards20:40 Big Mortgage Multiples28:00 Price and Credit Growth33:30 Regional Areas39:00 Credit Culture46:00 Market Momentum53:00 Housing as Asset1:05:32 Mortgage Stress1:11:00 … Continue reading “DFA Live HD Replay: Chris Bates: From The Mortgage Broker Front Line [Podcast]”
This is the edited edition of our latest live show. Join us for a live Q&A as I discuss the latest results from our surveys and explore the impact at a post code level. 00:00 Start00:18 Introduction03:25 Our Models04:45 Economic Update17:17 October Lending Data21:52 Mortgage Stress Update36:59 Scenarios40:30 303641:50 220646:00 209950:40 315652:49 220353:42 306554:54 481759:32 … Continue reading “DFA Live Q&A HD Replay – Scenario and Stress Update”
This is the edited edition of our latest live show.Join us for a live Q&A as I discuss the latest results from our surveys and explore the impact at a post code level. 00:00 Start00:18 Introduction03:25 Our Models04:45 Economic Update17:17 October Lending Data21:52 Mortgage Stress Update36:59 Scenarios40:30 303641:50 220646:00 209950:40 315652:49 220353:42 306554:54 481759:32 22271:02:54 … Continue reading “DFA Live Q&A HD Replay – Scenario and Stress Update [Podcast]”
The results from our latest household surveys reveals that despite the return to work as the lock down is eased, the reduction in JobSeeker, JobKeeper and the need to renew mortgage payments are all offsetting the better job news, in a low income growth, high cost environment. We also updated our property and finance scenarios … Continue reading “Household Financial Stress Reaches New High”
We have updated our Core Market Models and scenarios with the latest household financial stress data to the end of September 2020. We discussed this in our live show last night: Overall mortgage stress eased back to below 40% of borrowing households at 39.5%. But it remains very high. This is measured in net cashflow … Continue reading “September Stress Eases A Tad (But Still Close To Record High)”
The August 2020 data from our surveys continues to tell a sorry tale of more households feeling the pinch, whether they are mortgaged, renting or investing. Within the numbers there was a slid in Victoria in particular reflecting the latest lock down and the rising pressure on business there. We discussed this at length in … Continue reading “More Households Slip Into Financial Stress”
The New Zealand Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been affected by the … Continue reading “RBNZ: Mortgage Holiday and Business Finance Support To Cushion COVID Impacts”
We look at the latest data from our household surveys, with a focus on mortgages.
Genworth, the Lenders Mortgage Insurer released their third quarter results today. Their statutory net profit after tax (NPAT) in 3Q19 was $25.1 million (3Q18: $19.6 million) and their underlying NPAT2 of $26.5 million (3Q18: $20.4 million). Genworth said 3Q19 financial performance was “solid” with gross written premium up 24.4% from growth in our traditional lenders … Continue reading “Mortgage Delinquencies Tick Higher As More Higher LVR Loans Written”