Australia’s housing specufestors are back!

Friday 9 December 2016

Today’s housing finance data for October, released by the Australian Bureau of Statistics (ABS), posted big seasonally adjusted rises in both owner-occupied and investor finance commitments, with the overall trend in mortgage growth also flattening-out.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) rose by a seasonally adjusted 0.9% over the month but was down 5.7% 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.