FHB patsies sucked into East Coast property bubble

Thursday 12 October 2017

Today’s housing finance data for August, released by the Australian Bureau of Statistics (ABS), posted a large rise in lending to first-home buyers (FHBs) and well as an increase in lending to investors.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) was dead flat in August in seasonally adjusted terms but was up 17.1% 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.