Behind the numbers: June AFG seasonal adjustments

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Unconventional Economist


  1. Thanks Nathan – good work.
    A little caution about reading the June numbers for non-refinancing. In Qld there is a return to the old lower Stamp duty regime that commenced 01/07/2012 whilst in Victoria constructions for FTB’s have just lost $13,000 in FHOG benefits. If that wasn’t enough to allow for, NSW has also introduced an extra FHOG incentive to build at the same time it has withdrawn the FHOG for existing dwellings.
    Exactly what impetus or restriction that puts upon buyers in the three most populated states is going to be difficult to forecast.

  2. The smell of free money always lures the suckers but does serve to bring forward demand, meaning poorer times ahead.