Dwelling prices re-converging with housing finance

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By Leith van Onselen

With the ABS yesterday releasing its total housing finance statistics for September at the jurisdictional level, it’s an opportune time to once again see how these are tracking against dwelling values, as measured by the CoreLogic index (current to end-October 2017).

First, below is the national picture, which shows finance approvals historically tracking price growth; although this relationship has broken down over recent years:

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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.