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Yesterday’s housing finance data for March, released by the Australian Bureau of Statistics (ABS), revealed yet another surge in investor finance commitments, which has now reached truly historic proportions.
According to the ABS, while owner-occupier finance commitments (excluding refinancings) rose by a seasonally adjusted 0.3% over the month, they were down by 3.0% over the year:
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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.