More than 860,000 Australian households are estimated to be now in mortgage stress with more than 20,000 of these in severe stress. Digital Finance Analytics says this equates to 26.4% of households, up from 25.8% last month. DFA suggest more than 30,000 households in the nation’s wealthiest suburbs are facing financial stress, with hundreds risking…
The results are in: Australia’s home loan affordability has improved by 4.4% over the past 12 months, This is one of the many finding in a recently released report: PRD Research’s Q3 Key Market Indicators Their other key findings were: Consumer sentiment is a key indication of the general population’s confidence in the economy, whereby a…
Unaffordable housing is making Australians buy homes later in life, reducing current demand for homes and bringing the new supply coming on stream into balance with demand. That’s the conclusion of a recent ANZ Bank Insight report by senior economist Daniel Gradwell who suggests that there is a significant level of latent demand for housing in…
The housing market is down – but not out…. writes Daniel Gradwell and Joanne Masters are Senior Economists at ANZ Research. At ANZ, we see evidence the market is cooling with weaker auction results pointing to slower price growth through 2017. Additionally, tighter borrowing conditions and higher interest rates are likely to weigh on price growth into…