New car sales track the bubble

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By Leith van Onselen

On Tuesday, the Pascometre published an interesting article noting that the growth in house sales is driving new car sales:

A 1 per cent rise in house prices is associated with a half-per cent rise in new car registrations, according to RBA researchers Christian Gillitzer and Jin Cong Wang…

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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.