Home Value Falls Continue In June, But A Subtle Change In Places!

CoreLogic reported a 0.2 per cent fall in national dwelling values, the smallest month-on-month decline in the national series since March 2018, according to their June Home Value Index . On a quarterly basis, every capital city housing market has recorded a drop in value, highlighting the broad geographic scope of this housing market downturn. Annually, the average … Continue reading “Home Value Falls Continue In June, But A Subtle Change In Places!”

Revised Banking Code Of Conduct A Small Win, But…

The ABA made a big splash when relaunching the revised Banking Code of Conduct which starts today, and yes it is a small win for consumers and SME’s. However, we must ask this: since when are such financial service basic hygiene issues as not charging for no service, advising before charging, considering credit card repayment … Continue reading “Revised Banking Code Of Conduct A Small Win, But…”

Auction Results 29 June 2019

Domain released their preliminary results for today. Last week the final result came in at 59%, with a higher result in Melbourne than Sydney. Volumes remain lower than a year back. This week, in Canberra 18 auctions led to 9 results reported, with 5 sold, 1 withdrawn and 4 passed in, giving a Domain clearance … Continue reading “Auction Results 29 June 2019”

May 2019 Credit Weak As…

The RBA released their credit aggregates to May 2019 today, we already covered the APRA ADI series in an earlier post. Seasonally adjusted owner occupied housing rose by 0.34% to $1.24 trillion dollars while investment lending slid 0.04% to $595 billion dollars, and comprises 32.5% of all household finance, in seasonally adjusted terms. Business lending … Continue reading “May 2019 Credit Weak As…”