ABA/Canstar shows weakening housing finance

Wednesday 29 March 2017

ABA/Canstar has released its housing finance data for the five major banks (covering 85% of lenders) to February 2017, with trend falls registered in both the number and value of housing finance commitments (excluding refinancings).

As shown in the next chart, the number of finance commitments rose a seasonal 8.3% in February, whereas the value of commitments rose by 4.3% over the month:

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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.