Look No Home Loan! Another Market Distortion!

March 13, 2024 00:10:04
Look No Home Loan! Another Market Distortion!
Digital Finance Analytics (DFA) Blog
Look No Home Loan! Another Market Distortion!

Mar 13 2024 | 00:10:04

/

Show Notes

PEXA just released their second edition of their Cash Purchases Report which highlights residential property transactions that were funded entirely with cash. That is, residential properties purchased without a home loan. The share of mortgage-free transactions rose by 2.9 percentage points to 28.5 per cent of all home sales. And this is important, because it helps to explain the apparent contradiction between the rise in property prices at a time when mortgage interest rates have also risen, a weird combination to say the least. Some migrants, from the near 1 million arriving, come with sufficient cash to buy, as well […]

Other Episodes

Episode 0

August 01, 2023 00:04:09
Episode Cover

The RBA Holds As Refinancing Goes Through The Roof! [Podcast]

The RBA held the cash rate again, while the ABS reported strong mortgage refinance, though lower credit growth, and lower building approvals. And Consumer...

Listen

Episode 0

October 27, 2023 00:11:41
Episode Cover

Will The RBA Blink First?

On Melbourne Cup day we will get the next RBA cash rate decision. Michelle Bullocks testimony before the Senate this week was pretty vague...

Listen

Episode 0

September 12, 2022 00:09:09
Episode Cover

A Taxing Time For Queensland Investors... [Podcast]

Queensland has been a state where property investors have traditionally made better returns on a net and gross basis, from investment property in the...

Listen