🇦🇺 Australian mortgage debt to income: * Jan-1990: 31.3% * Mar-2022: 143.7% 4.6x higher now Monthly P&I Repayments comparison: * $100K @ 17.5% = $1,478 * $460K @ 0% = 1,533 Higher debt now means 0% has higher repayments than 17.5%! Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1

Average Victorian housing project cost (Victorian Building Authority building permits): * Dec-2020: $245,000 * Dec-2021: $313,000 (⬆️ 28% in 1 year) ABS Housing CPI over the same period was just 4.0% 😕 Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/politics/victo…

% of properties that were vacant in census 2021 in Melbourne suburbs: * Melbourne CBD West: 36.0% * Melbourne CBD East: 30.7% * Carlton: 29.2% * East Melbourne: 26.3% * South Yarra West: 24.8% * Docklands: 24.3% Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/national/victo…

Australian Housing Policy Failure (2001 to 2021): * Outright home ownership (i.e. no mortgage) has more than halved for 25 to 54-year-olds. * People with mortgages in retirement years has tripled. Tarric Brooker aka Avid Commentator 🇦🇺 Martin North Just Think Property theage.com.au/politics/feder…

The Highest US Federal Funds Rate was around 20% in 1980 due to double-digit inflation. Over time the basket of goods in the CPI index have changed. If inflation was now calculated the same way as in 1980 - US inflation would be higher now in 2022. shadowstats.com/alternate_data…

OECD highest level of wealth tied to property: 1. 🇱🇺 Luxembourg 2. 🇦🇺 Australia 3. 🇳🇴 Norway theage.com.au/politics/feder… OECD lowest manufacturing as a % of GDP: 1. 🇱🇺 Luxembourg (4.6%) 2. 🇳🇴 Norway (5.5%) 3. 🇦🇺 Australia (5.6%) data.worldbank.org/indicator/NV.I… Tarric Brooker aka Avid Commentator 🇦🇺 Martin North

$841 per week (or $43,732 per year) Melbourne median individual income according to Census 2021. theage.com.au/national/victo… $1.08 million: Melbourne median house price according to REIV. reiv.com.au/market-insight… 24.7x income multiple 🤔 Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1

Developer Land Banking to increase land prices: " More than 110,000 approved sites had been released to developers nationally over the past decade, but only 26,000 sites, or fewer than a quarter, had been sold. " Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/national/victo…

Annual House Price falls in Melbourne suburbs (Jul-2021 to Jun-2022): ⬇️ -16.9% (Toorak) ⬇️ -11.5% (Lower Plenty) ⬇️ -8.9% (Armadale) ⬇️ -6.7% (Box Hill) ⬇️ -6.3% (Caulfield) Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/property/news/…

Metricon has announced its going to layoff 9% of its staff, mainly in sales & marketing - around 225 staff (out of Metricon's 2,500 staff). Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 heraldsun.com.au/business/metri…

Australian Jun-2022 Quarterly House Price Falls: ⬇️ -$250,000 (Sydney - North Sydney and Hornsby) ⬇️ -$200,000 (Sydney - Inner West) ⬇️ -$187,500 (Sydney - Northern Beaches) ⬇️ -$107,500 (Melbourne - Inner East) Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/property/news/…

🇹🇼Taiwan has the world's largest trade SURPLUS from semiconductors: +$US 74.3 billion (in 2021) - mostly from TSMC 🇨🇳China has the world's largest trade DEFICIT from semiconductors: -$US 250.5 billion (in 2021) - larger than the Oil deficit (-$US 228.5b) worldstopexports.com/electronic-cir…

Number of divorced people per VIC suburb (Census 2021), correlates to suburbs with high financial stress: 1. Frankston (4,024) 2. Pakenham (3,673) 3. Werribee (3,350) 4. Reservoir (3,347) 5. St Albans (3,271) Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 heraldsun.com.au/news/victoria/…

🇺🇸US Video Game Auctions: " Obviously if there is only 1 bidder, the price will never go up, you are not going to bid more if you already have the top bid " They've never been to 🇦🇺Australian property auctions 🤔 Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 youtube.com/watch?v=rvLFEh…

Only in Australia do you get headlines telling vendors at auctions not to bid against themself - everywhere else in the world it's common sense " Why you don’t need to bid against yourself at auction this spring " Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/property/news/…

View of Melbourne CBD at sunrise with flooding in the: Maribyrnong River, parts of Flemington Racecourse, and parts of Footscray Park #VicFloods

Flemington Racecourse (home of the Melbourne Cup) is surrounded by flood water. Even though Flemington Racecourse is on a flood plain, it is not flooded. As Flemington Racecourse has a levee surrounding it - causing other areas to flood instead. #VicFloods

Melbourne reservoir storage levels are 97.7% - the highest since 1978. The Thomson Dam was completed in 1983, and now contributes ~60% of Melbourne's water storage capacity. Hence there is currently more water in Melbourne's Reservoirs than ever before. melbournewater.com.au/water-data-and…

The only countries the CommBank Socceroos were defeated by in World Cup 2022 are in the World Cup Final 23-Nov-2022: 4 (🇫🇷 FRA) defeated 1 (🇦🇺 AUS) 04-Dec-2022: 2 (🇦🇷 ARG) defeated 1 (🇦🇺 AUS) In both matches the Socceroos scored, amazing job Socceroos 🥳 #WorldCup #FRA #ARG #AUS

ABS: " Mortgage interest charges for employee households rose 26.6% over the quarter (Q4/2022), and 61.3% over the year (2022). " Mortgages will be the largest cost for many households, though not in the CPI. 🤷 Tarric Brooker aka Avid Commentator 🇦🇺 Martin North @JustThink1 theage.com.au/politics/feder…