Former RBA man Peter Tulip does a good job of destroying the current array of house price appreciation policies offered in the election. He concludes at the AFR. Immigration policy is not usually considered as “housing policy”, but it actually has larger effects on affordability than most of the measures discussed above. The Coalition is
Developer Nigel Satterley has called for more skilled migration to help ‘solve’ the housing shortage. Nigel Satterley, whose Satterley Property Group is the nation’s largest privately owned residential land developer, claimed that Australia had suffered an annual shortfall of 40,000 homes for over a decade. He claimed that without immigration changes to bring in more
Beijing, we have a problem. The property recovery that never was is now in hard reverse post-tariffs. Leading indicators are in free fall verus previous saves in the primary market. It is the reverse in the secondary market as property dumping is the new black. Sales in primary markets are crashing. Inventory is yet to
Risk sentiment is flat lining again as stock market volatility moves lower but all eyes still remain on US Treasuries and the USD itself with Swiss Franc now taking the lead while Euro took a slight back seat on poor sentiment readings in Germany. The impact on global trade continues to be felt with leading
The latest pricing from the interest rate futures market has the official cash rate falling to 2.9% by year’s end, suggesting another five 0.25% rate cuts this calendar year. The minutes from the latest Reserve Bank of Australia (RBA) board meeting cautioned that Australia’s $11.3 trillion housing market could be at risk if a series
Volatility in equity markets is slowly cooling down and indeed spreading to currency markets with some range trading across the Asian session today although the Kiwi is making big gains against the USD while the Australian dollar remains well above the 63 cent level this afternoon. Oil markets are still trying hard to stabilise with
Tonight, I will appear on DFA Live with Martin North from 8:00 pm AEST, where we will discuss everything related to the latest announced housing policies and the election. The YouTube feed is below. I hope to see you there. It promises to be spicy.
While Australia’s two major parties are busy blowing the world’s largest house price bubble, New Zealand’s politicians are letting their house prices slowly deflate, restoring affordability. The REINZ house price index remained muted in March, rising 0.2% over the month to be 0.4% lower than a year ago. Major bank ASB noted that New Zealand
Another day, another poor opinion poll for Peter Dutton and the Coalition. This week’s Roy Morgan poll shows Labor’s two-party support lifting to 54.5% (up 1% from a week ago), nine percentage points ahead of the Coalition’s 45.5% (down 1% from a week ago). Therefore, Labor would win an increased majority if the election were
The Greens have performed best in the Australian Conservation Foundation’s (ACF) pre-election scorecard, receiving a rating of 98% for their environment and climate change policies. Labor was given a rating of 54%, with ACF CEO Kelly O’Shanassy praising policies such as its commitment to renewable energy and a continued ban on nuclear power. However, she