A housing market Mexican standoff

Monday, 15 August 2016

More from CoreLogic with this week’s leading mortgage index:

No rise at all there with levels still moderately below last year. The next few weeks will give us a better read on the coming Spring season.

Even so, auction clearances are strong including in some areas where I expected an outright bust after the specufestor boom ended, like Western Sydney:

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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.