FHB patsies pulled into East Coast property bubble

Friday 8 September 2017

Today’s housing finance data for June, released by the Australian Bureau of Statistics (ABS), posted a large rise in owner-occupied lending (including a big jump in first-home buyer mortgage demand), but also a large fall in investor finance.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) rose by a seasonally adjusted 4.5% over the month to be up 14.8% over the year:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.