Digital Finance Analytics (DFA) Blog
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Welcome to the Property Imperative weekly to the ninth of February 2019 – our digest of the latest finance and property news with a distinctively Australian flavour. This was a mega week in which the Royal Commission reported, mortgage brokers were crushed, the RBA cut growth expectations, and we saw more confirmation of the … Continue reading “The Cliff Is Nearer Now… The Property Imperative Weekly 09 Feb 2019”
John and Martin discuss the economic and social horrors that are currently playing out in postcode 2570 which is in the Camden Area (South West Sydney). The postcode includes the Camden area as well as Oran Park. This postcode got John Adams’ attention after a Sydney Morning Herald article reported earlier this week that the … Continue reading “Adams/North: The Economic and Social Horrors of Postcode 2570”
Welcome to the Property Imperative weekly to the twenty sixth of January 2019, – Australia day – our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video or read the transcript. This week, amid weaker global economic news, there were signs that more stimulus of the financial … Continue reading “Is QE Back On? – The Property Imperative Weekly – 26 Jan 2019”
AMP Capital chief economist Shane Oliver believes house price falls could be greater than he anticipated following weak auction clearance figures, via InvestorDaily. CoreLogic data shows that capital city dwelling prices are down 7 per cent from their September 2017 high. Sydney prices are down 11 per cent from their July 2017 high, while Melbourne … Continue reading “AMP’s Shane Oliver Tips 25% Home Price Falls”
We have updated our scenarios to take account of potential RBA rate cuts later in the year, revised mortgage stress and household confidence data and other factors. We also updated our probability allocation. Here is a summary. Our central scenario is one of home price fall, peak to trough, of up to 30%. A deeper … Continue reading “DFA Updates Scenarios”
Another blowout in bank funding costs is adding to the pressure for an RBA rate cut, according to a leading forecaster, via InvestorDaily. AMP Capital chief economist Shane Oliver is confident that the Reserve Bank will be forced to cut the cash rate by 50 basis points to 1 per cent this year. He explained … Continue reading “Pressure mounts on RBA to cut rates”
Following on from our mortgage stress report for December 2018, which we released yesterday, we complete our monthly data series with the release of the December Household Financial Confidence Index, our gauge of how households are feeling about their financial situation. The overall index fell again in December to an all-time low of 87.3 (which … Continue reading “Household Finances Are Shot”
As we approach the end of the year, we got some stats from the RBA on credit to the end of November. Whilst the debt is growing the value of the housing assets are falling, this is a nasty pincer movement! Their credit aggregates reveals that in seasonally adjusted terms total credit rose by 0.34% … Continue reading “The Debt Machine Is Alive And Well”
Following the recent minutes from the Council of Financial Regulators, which is chaired by the RBA, now according to the Australian, the RBA has been lobbying the banks to lend more. “Reserve Bank governor Philip Lowe is understood to have met with the big bank chiefs in recent weeks to caution them against an overzealous … Continue reading “RBA Begs The Banks To Relent”
Welcome to the Property Imperative weekly to the eighth of December 2018, our digest of the latest finance and property news with a distinctively Australian flavour. The financial markets continue to spin lower, as the property sector here weakens, and the RBA confirms it is quite willing to cut the cash rate if needs be, … Continue reading “Are We There Yet? – The Property Imperative Weekly 08 Dec 2018”