Investor mortgage bubble enters blow-off phase

Tuesday, 9 September 2014

The Australian Bureau of Statistics (ABS) has released housing finance data for the month of July, which registered a 0.3% seasonally-adjusted rise in the number of owner-occupied finance commitments over the month:

The result missed analysts’ expectations, who had expected a 1.0% rise in finance commitments in July.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.