First home buyer bribes mask weak housing finance trend

Advertisement

By Leith van Onselen

Today’s housing finance data for October, released by the Australian Bureau of Statistics (ABS), posted a fall in lending to owner-occupiers but an increase in lending to investors.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by 0.8% in October in seasonally adjusted terms but was up 9.0% over the year:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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.