Welcome to the Digital Finance Analytics RU-vid Channel. Hi, I’m Martin North the curator. If you’re after intelligent insight which is independent and data driven on Australian Finance and Property you’ve come to the right place. Whether you own property, are thinking of buying, are a saver, or just a user of financial services, you will find our content immediately relevant.
On this channel we review the latest news, using data from own household surveys, information from public sources and private industry data via our unique modelling. Each week we summarise the latest events, via the Property Imperative, and in addition add regular commentary on all the critical issues as they develop. Plus, we have a growing community of informed followers who debate the highlights, and add their own perspectives to enrich the mix. I’m Martin North, Principal of Digital Finance Analytics, do subscribe to receive regular updates.
Abolish the parasitic corrupt Commonwealth, current Constitution and Monarchy and adopt extreme austerity with pre 1901 style Australasian Confederation. Commberra sucks the State's dry with high taxes and regulations. Size of Government in 1900 economy approximately 5%, 2024 +40%.
What were they expecting would happened to alcohol and private health costs. During cv 19 early days, I could not get fresh food but alcohol and fast food garbage was really available… private health also was wasted money for nearly a year when all services were not accessible…. Seems they forget all this and want pre cv days from the user, not from them, they are content with ripping us off
80% of my pension goes on rent and power bill I only have one meal a day because I don't have money to buy extra I live in poverty in SA on the verge of being homeless
My pension father has to live with me (younger family member) so he can live a dignified life and acrually live in some comfort w 3meals n some left over, otherwise he would be on the streets because he's not the best money manager w the merger pension! You need to band together w 2 other single aged pensioners to live ok life ❤
Martin, you we're telling people the market was going to crash during covd 20 to 30%! And onwards! Also you and Edwin scoffed about all the bank of mum and dad help and then Edwin did it with his son! You guys are all over the shop.
$10AUD for 1/4 watermelon? $7AUD for 5 tomatoes $8 AUD for 4 capsicums $14 AUD for 750g cheese $5 AUD 2lt milk Getting fun watching $50 feel like a $20, as was. Stopped looking at tills. Buying Lotto ticket for humour 😉
😂😂hahaha, it's too late, I'd bet the farm on it. I'm still sayin' 2027 is goin' to be interesting. Just imagine house price crash, maybe 30-50% and commodities stay the same. Hahaha❤❤😂
There's some truth to this... normally I'd argue and say like well don't just buy anything though maybe some ETFS or shares or something like this. But no, in the last 3 years my ETFS and shares have lost value and paid low returns. Ive had some cash getting close to 5.5% in high yield savings which is ok but in the same time the money is basically worth half as much as it was when I put it in. So.. only sensible thing to do, I bought a jetski... may as well have fun adventuring while I still can because there's a good chance in the future won't be able to
We decided to Quit fifo and move north, we received a company house pay about 110 rent before tax and power water suppled , I can say we’ve stopped spending on restaurants hotels clothes , even take a leaf out of Robbie’s book cut down on drinks 80 bucks for block of beers 😮so 90% pay goes to paying off mortgage , once this debit is paid in 2025 . We never get debt again .
@@johnsudholz3445 good strategy. Wish i could put my kids in cold storage and pay off mortgage over a few years then come back and have some decent money to live off.
Awesome! The ones who wanna live in a city gunna stay in the city. Give it a bit longer and you will hear them whinging! I'm so glad to see someone realise a lil' pain now will give so much more freedom down the track. On ya's!!❤️❤️
We are putting money into an offset account to reduce interest rather than actually reduce the mortgage itself. That way we have ready cash in an emergency. Touch wood, we haven't had to use it. Having the debt doesn't worry us as long as it's managed. It's getting payed quicker anyway either way.
@@anthonywilson7304 yes I have done exact same. If you can get your mortgage and offset at 50/50 ie ( 200k in offset vs $400k overall mortgage , the higher rates go the faster you pay your mortgage. It actually works against the banks and compounds in your favour. When they raise rates.
Why aren't university professors jumping up and down about housing cost/supply, and job growth/diversity in Australia. The ever increasing cost/debt required for housing in this country is simply going to continue to vacuum up all the available money. At what point do the powers that be address the issue? is it when it costs the household income 70% - 80%? when parents can't afford to feed their families? - This trajectory is unsustainable and must be addressed now.
University professors need international students to pay for their research projects. Most of them would already have their own houses. Many of them must be OK with how things are.
@@kerrimackay521this is the truth. Unless it affects oneself, there’s no care. It’s easier to think people are poor because of avocado toast or some other silly reason.
Even if these professors want to voice out, the media will not let them. The media has the agenda to keep cost of living up, house price up, so everyone works for the multi corporations.
Since the 90s , Australia has always been a society of the smuggerati and the have-nots. Wait till the haves need to barricade themselves into their houses due to civil unrest. That's where we're headed.
@@mohhingmanI’m in Bangkok atm, You have no idea how bad it can get. The mass poor here are extremely poor. The rich super fantastic rich. Only the wealthy here can buy from fresh food supermarkets, Everyone else eating street food, including ze bugs. 🐜
Edwin seems brainwashed about Chinese, it seems all he talks about, wechattees wechatters tik tok, where does Edwin live Bossley Park or Cecill Hills 100% lol
Home price increases are a wealth tax, not wealth. Higher prices = higher rates & insurance, & if you did sell you may face a brightline tax, & have to buy a new home at similarly inflated prices. It's a rort that suits the tax sucking Gov't.
Tip of the iceberg too. Bidding for construction work is super competitive, but liability insurance isn't. Retail is down to 87 crash levels.. it's getting pretty hairy.
If the RBA hadn't sat on their hands for 9 months back in 2022 when it was obvious to everyone that the increased money printing would elad to inflation, the rates would not have had to go as high, as fast or how long. Oh what a price we're all paying for the RBA making that stupid statement during the pandemic and to protect their egos as they hoped that somehow the magical inflation fairy would come and rescue their reputations.
AUKUS is a dangerous indulgence. What country is a threat to Australia? The US has been the worst invader of other countries, with failed wars since WW11.
Just aside Martin interesting story by 7News just out,has interesting info,"ACCC approves Armaguard bailout by major banks, grocery giants and Australia Post",cheers.
@WalkTheWorldDFA ps,excellent video just out too if unaware,highlighting how Australia comparatively has gone backwards big time,(deliberately too),"How can China be socialist if it has a stock market? Understanding the Chinese economy".Enjoying your ongoing good work.
There will NOT be an election this year. One reason is that people in Qld are waiting for Labor with baseball bats (to use the Keating phrase). So Albanese needs to get the Qld State election out of the way first. There are also AEC redistributions in WA, NSW & Vic which need to be sorted. May 2025 is a stone cold certainty for the next Federal election.
These home prices will soon return positive. A Kiwi builder, who has a YT channel, said his average build cost is now between $3500 and $4500 per square metre. This effectively puts a floor on existing home prices.
NZ citizens leaving in record numbers, doesn’t bode well for the future of this country. Government back to it’s roots, enhance the rich, keep the poor hungry and keen to work for the rich, and flood the country with low skill immigrants. You are looking at Australia’s future on time shift.
well the government came out on the news , with plans to free up land for housing . but no talk on the private debt , which along side an uneven tax system , is the real problem .we will see how it pans out . looking at news cars sales in aussie , show the government their is doing a good job . yes i said it
These reductions in value do not factor in inflation. For those in trouble, owners who purchased in the last 2 or 3 years, inflation may have stolen 10% of the value of their home, nearly destroying their deposit. Ignoreness is bliss, but how long can the market be sustained by delusion alone ??.....let the banks decide ???.....the market ???....the plebs ????
Great message and personal story. Cutting out ultra processed foods and optimising sleep are very important. Carnivore, ketovore, extended fasting etc. are further steps which some may need to take, including me.
Sydney really isn't THAT good unless you're in the top 1%, but the top 1% can afford a great lifestyle anywhere. Average folk are burning the candle at both ends, and the end result of their efforts is pretty mediocre.
Now just need Australian prices to do the same. Outside of health and emergency services, we need significant cuts from our bloated public service. Public servants are tax consumers and contribute nothing to tax production.
It will never happen. Have you noticed how low AUD been trending in the past decade? The immigration? Loose lending standards? This bubble has hundreds of years to go.
What we need is backbone for management of our healthcare services. We allow patients and their family to dictate terms of service and goals of care. Had a patient who was over 87 years old and with blood disorder requiring transfusion every week or alternate week. She was bed bound and wanted to be left to die but due to mild cognitive decline, her children insist on keeping the transfusions. Eventually after almost a year, she managed to convince her children to let her go. In my 12 years as a healthcare professional i can easily count at least 14 cases a year, just in my ward, where our management should grab the bull by the horns put their foot down. Pts who are ned bound but broke their hip demanding surgery instead of conservarive management. Vrw a person can live and walk, with an aid, without their hip bone.
Having used MyGovID for obtaining defence clearance I was assuming it could be used for things like police checks rather than having to go through the usual proof of ID mucking around. But no - even other government departments still require me to provide up to 4 forms of ID. So the idea that this will make peoples life easier seems dubious.
Our ridiculous house prices adjusting a bit is just a reflection of NZ's steadily falling standard of living. Decades of cheap finance transferring wealth mostly to the old has years of impact ahead. Ever since interest rates finally went up it has been one rumour of "rate cuts next year" after another. This has years to play out.
Splendid market review , the WTI still holds on to it's buy bias, although met with a resistance around 84 -for bitcoin the price is still holding above 57500, which is a red line, where i would expect the sellers to begin the bear market -but this would only be confirmed when the daily candle closes below it, if not i do not expect the sells to resume and this could just be a liquidity sweep Some of the best trades come when everyone gets very panicky.
