From CoreLogic comes new research showing that NSW and VIC now account for a record share of housing finance commitments, driven largely by investors, which continues to propel the housing markets of Sydney and Melbourne way beyond the other capitals:
The current housing market growth phase has really been all about Sydney and Melbourne…
At the same time, demand for mortgages has surged across NSW and Vic (both of which are proxies for Sydney and Melbourne) while it has barely increased across the remaining states and territories…
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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.
