CoreLogic leading mortgage index still lifeless

Monday, 5 September 2016

The media might be loving out new Claytons property boom but there is still no sign of any credit underpinning for it with the CoreLogic leading mortgage index still flat-lined and down year on year:

Listing are still down a little year on year:

For those that bother with data the market remains defined by a Mexican standoff not a boom.

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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.