Dom

economist, enjoyer of nice buildings

[Dom @db_econ]

@chrisdbbradley NIMs have kept falling on almost exactly the same post-2010 trend following the royal commission

[Dom @db_econ]

I've tweeted this chart before but it really isn't understood widely enough that we knocked nearly 3pp off of borrowing rates in the space of 20 years since the early 90s.

[Dom @db_econ]

@1finaleffort @LewisHoldenNZ it's actually not the price level, it's the price change which is the only thing that matters

[YIMBY Melbourne @yimbymelbourne]

Victoria’s planning reforms are working. There's been nearly a 50% increase in Townhouse permits since last year.

Turns out it's not complicated: make building easier, and the homes follow.

[Dom @db_econ]

@SIGKILL really funny

[Dom @db_econ]

In case you needed more evidence that 'Affordable' housing is an utter grift, this is how much the peak body is charging for tickets to the "Affordable Housing Investment and Development Summit"

Why do we need $4000 conferences to figure out how to charge people 20% less rent?

[Dom @db_econ]

@ajdlinux do not look into how much of CHPs expenditure actually goes to housing it will ruin your day

[Dom @db_econ]

@ajdlinux 🫪 how do people fall for this

[Dom @db_econ]

@ajdlinux that's probably worse!

[Dom @db_econ]

@jonobri Leeching Done Well

[Dom @db_econ]

such a good bit to do this when you're the industry that brought the term 'poor door' to these shores

[Dom @db_econ]

For this low, low price, you can get valuable insights like 'use the same doors for all the tenants in your building'

[Dom @db_econ]

@Timberwolf_1 yep, this explains roughly one third of the nim decline

[Dom @db_econ]

@ArguableM I meant interesting in that the normal competitive pressures (winning customers) don't work to lower prices

[Dom @db_econ]

@ArguableM they're starting to really squeeze the brokers, although the between-broker competition market is really interesting

[Dom @db_econ]

@ArguableM competition is absolutely brutal, there can't be much more juice left to squeeze

[Dom @db_econ]

endless springs of capital! And yet our housing went backwards!

[Dom @db_econ]

this happened at the same time as bank funding got cheaper too!

[Dom @db_econ]

@fictillius :)))))

[Dom @db_econ]

far out Bob Carr and Morris Iemma did a number on this state

[Mark 🇦🇺 @Mark_Graph]

I did not say successfully. ABS, completions per 1,000 adults. Vic 9.15, NSW 6.35. Melbourne doesn't have a supply success story, it has a less bad shortfall than Sydney. Both are underbuilding. Supply is the foundational problem.

Fix supply constraints and the rest eases. If you can't or won't fix supply, pressure lands on demand, which is why population growth matters. And you say investors should sell to developers, agreed, so why is zoning and approvals stopping those developers building? That's the actual bottleneck.