MARKET SURVEYS

Australian capital cities rank among world’s least affordable markets to buy a home

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Original article by Clint Jasper
abc.net.au – Page: Online : 14-Jun-24

The Chapman University Frontier Centre for Public Policy examined housing markets in 94 cities in eight countries in terms of their affordability for middle-income buyers. Hong Kong, Sydney and Vancouver were rated as the most unaffordable markets for those buyers, while Sydney, Melbourne, Adelaide, Brisbane and Perth all sit in the least affordable 25 per cent of cities The study concluded that the leading cause of unaffordable housing in the cities it studied were land use policies that artificially restrict housing supply, pushing up land prices, while it pointed to Singapore’s success in transforming a "desperate housing situation" in the 1960s to one of the most affordable markets in the report.

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CHAPMAN UNIVERSITY

The great Aussie dream severely unaffordable

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Original article by Ben Wilmot
The Australian – Page: 17 : 23-Jan-19

Demographia’s latest International Housing Affordability survey shows that residential property in Australia’s five largest capital cities remains expensive, relative to income. Sydney now ranks third behind Hong Kong and Vancouver among the least affordable housing markets of the 91 that were surveyed; Sydney’s median house multiple is 11.7, ahead of Melbourne with a median multiple of 9.7. Gladstone and Rockhampton are now the most affordable housing markets in Australia, with median multiples of 3.2 and 3.9 respectively.

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DEMOGRAPHIA

‘Fluff and fail’: shameful report card for banks

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Original article by James Frost
The Australian Financial Review – Page: 19 : 19-Oct-18

Research by UK-based Lafferty Global has concluded that Australia’s major banks are underperforming their international peers when assessed using a range of qualitative and quantitative measures. The Commonwealth Bank had a rating of three stars out of five, while its three main rivals all had a two-star rating. Bendigo Bank and the Bank of Queensland also had three-star ratings. Lafferty Global founder Michael Lafferty says all of the "big four" banks had a zero rating for culture and digital dependability.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, LAFFERTY GROUP LIMITED, BENDIGO BANK, BANK OF QUEENSLAND LIMITED – ASX BOQ

Cracks emerging in the case for being bullish

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Original article by David Rogers
The Australian – Page: 27 : 22-Mar-18

The potential for a trade war has been identified as the biggest risk to the global bull market in a survey of fund managers by Bank of America Merrill Lynch. The prospect of a trade war has topped the list of "tail risks" for the first time since January 2017, in the wake of the tariff policies of US President Donald Trump. A sharp rise in inflation and a slowdown in global economic growth were the other key risks identified by the survey of 176 fund managers. However, 58 per cent of respondents expect growth of at least 10 per cent in global earnings per share over the next 12 months.

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, FEDERAL RESERVE BANK OF ATLANTA, FACEBOOK INCORPORATED, APPLE INCORPORATED, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, BAIDU.COM INCORPORATED, ALIBABA GROUP HOLDING LIMITED, TENCENT HOLDINGS LIMITED

Christmas rally shows no sign of slowdown

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Original article by David Rogers
The Australian – Page: 18 : 21-Dec-17

The latest survey of fund managers by Bank of America Merrill Lynch suggests that the global sharemarket rally may continue into 2018. The December survey shows that the average cash balance of respondents has increased from 4.4 per cent to 4.7 per cent, compared with the average over the last decade of 4.5 per cent. The survey also found that 54 per cent of the 203 respondents expect global economic growth to be above trend over the next year, while inflation is expected to be below trend.

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, UNITED STATES. FEDERAL RESERVE BOARD, EUROPEAN CENTRAL BANK, FACEBOOK INCORPORATED, APPLE INCORPORATED, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, ALPHABET INCORPORATED, BAIDU.COM INCORPORATED, ALIBABA.COM CORPORATION, TENCENT HOLDINGS LIMITED, BELL POTTER SECURITIES LIMITED

Australia rises in housing list

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Original article by Elizabeth Redman
The Australian – Page: 23 : 7-Dec-17

Iceland heads Knight Frank’s latest Global House Price Index, with annualised growth of 20.4 per in the September quarter. Australia is ranked seventh in the list, compared with 11th in the June quarter, with house price growth of 10.2 per cent year-on-year and 1.9 per cent in the three months to September. The data shows that house prices have risen by 5.1 per cent globally over the last year.

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KNIGHT FRANK

Fund managers wind back expectations and hoard a little extra cash

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Original article by David Rogers
The Australian – Page: 28 : 17-Aug-17

Bank of America Merrill Lynch’s latest survey of fund managers shows that just 33 per cent expect a rise in global corporate profits in the next 12 months, compared with 58 per cent in February 2017. Chief investment strategist ­Michael Hartnett says the survey provides a "warning sign" of the likely performance of shares against bonds, as well as cyclical stocks against defensive stocks. The survey also found that the average cash balance of the 174 respondents is now 4.9 per cent, compared with an average of 4.5 per cent over the last decade.

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, STANDARD AND POOR’S 500 INDEX, MSCI WORLD INDEX, STANDARD AND POOR’S ASX 200 INDEX, NASDAQ, UNITED STATES. FEDERAL RESERVE BOARD, EUROPEAN CENTRAL BANK

Pressure mounts on hedge funds over fees

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Original article by James Thomson
The Australian Financial Review – Page: 20 : 24-Jul-17

Investors in hedge funds are seeking a better deal on fees, as well as more flexible fee structures, according to a survey by Credit Suisse. The survey, which encompassed upwards of 200 corporate investors, also found that just under 90 per cent of investors who had withdrawn monies from poorly performing hedge funds intended to reinvest in the sector, and that 57 per cent of hedge funds envisage at least a "moderate" increase in their allotment to quantitative strategies.

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CREDIT SUISSE AG

Australia rises in house price index

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Original article by Michael Bleby
The Australian Financial Review – Page: 33 : 9-Jun-17

Iceland heads Knight Frank’s latest Global House Price Index, with annualised growth of 17.8 per in the March 2017 quarter. Of the 55 countries covered by the survey, 48 recorded house price increases, with 11 posting an annualised rise of more than 10 per cent. Australia ranks 20th in the list, with strong performances in the Melbourne and Sydney housing markets helping it to achieve annual growth of 7.7 per cent in the March quarter.

CORPORATES
KNIGHT FRANK, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Trump win would trigger volatility: fund managers

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Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 20-Oct-16

A survey of global fund managers shows that 53 per cent expect financial market volatility to increase if Republican Party candidate Donald Trump wins the US presidential election. The Bank of America Merrill Lynch survey also found that 55 per cent of respondents think equities and bonds are overvalued, while 44 per cent anticipate that treasury yields will be the biggest influence on share prices during the next six months.

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, REPUBLICAN PARTY (UNITED STATES)