Markets add insult to first home buyer injury

Monday, 15 April 2013

Above find a segmented breakdown of today’s ABS Housing Finance data. Check out that divergence between first home buyers and the rest! And by state:

To be honest, I think market’s are doing them a favour locking them out as the Australian bull trap looms.

February Housing Finance

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.