MT

[MT @superlatav]

@cmkusher Prove supply side has anything to do with it. Inventory growth over the last few years has been higher than any point in recent history.

[MT @superlatav]

@cjoye Depends on which income level you’re in. The most people by far fall in the bottom two tiers.

[MT @superlatav]

@parrapower2022 @_mumbling_me Yup in 7 years the property will double while incomes only grow 3% pa during the same time and the new buyer will be lucky enough to buy at a 1.1% gross yield.

[MT @superlatav]

@allaboutgold It’s actually $126m per person. Get your math right.

[MT @superlatav]

@AvidCommentator Australian household consumption % of gdp.

[MT @superlatav]

@AvidCommentator Doesn’t the net household savings account include super contributions? Which means accessible savings are actually deeply negative?

[MT @superlatav]

@AvidCommentator @LouiChristopher These types of headlines will just bring more stock on to market.

Property sites have a massive benefit from biasing these figures.

[MT @superlatav]

@economicsbyliam @DrCameronMurray Exactly. Consider Syd gross ylds were 2-2.5% last couple of years. Deduct inflation, depreciation, rates and net yld is around -10%. Now add the cost of interest for levered properties and it’s pretty much impossible to make a profit.

[MT @superlatav]

@LouiChristopher Would be good to see what this is relative to demand.

Can SQM look into publishing "months supply of housing"? This is tracked in the states. Total listings for the month / sales for the month. Estimates how long it takes to clear current listings.

https://t.co/3GGo5jI6my

[MT @superlatav]

@martindavidross @cjoye Brisbane not sure what you’re talking about.

[MT @superlatav]

@parrapower2022 @Itsme59261985 @onlylarp @davidjfindlay Where is this chart from?

[MT @superlatav]

@AvidCommentator @complex_maths

[MT @superlatav]

@AvidCommentator How are they calculating this? SQM has Sydney listings for the Sept quarter at 30k+ dwellings. And ABS reports Sydney dwelling transfers for the quarter at 5600. The ratio is worse for Melbourne.

[MT @superlatav]

@AvidCommentator The peak of Chinese investment was $70b in 2016 and closer to $20b recently. Even if we get back to peak levels, how meaningful is $70b vs a $10t asset class?

[MT @superlatav]

@LouiChristopher Is it correct to observe that the last few months have showed growing listings, during months where historically there’s been seasonal declines in listings?

[MT @superlatav]

@AvidCommentator Add the Fed to that too…

https://t.co/6EheduJzJO

[Bloomberg @business]

Fed Chair Powell said that the housing market may have to go through a correction https://t.co/bpWeOEc1tB

[MT @superlatav]

@Doranimated LOL. After years of repeating that Turkey and Azerbaijan are protecting western interests against Russia, you’ve just come to that realization now?

[MT @superlatav]

@AvidCommentator Cap rates in the US are netted after expenses (not incl repayments), so gross is possibly 6-7% there. Which makes yields in Aus even more pathetic.

Imagine earning half as much yield for the same asset class.

[MT @superlatav]

@AvidCommentator @pankit16 Not sure how this is possible. Nearly 5% of housing stock changed hands in 2021 alone. A 20% fall negates 25% of gains. So even those that bought before the full run up will be negative. Unless 50% of purchases put more than 20% down or made insane repayments in the last year.

[MT @superlatav]

@justthink1 Lol. As the cash rate surpasses capital city gross yields next month, making property the lowest yielding asset in the country, these guys still think the tide is about to turn in their favor.