Property prices in all cities still sinking

David Llewellyn-Smith

Monday 22 January 2018

Via CoreLogic:

And the Leading Mortgage Index is now down a meaty 20% year on year, touching 2015 levels:

If you’re wondering why you’re seeing some mortgage discounts emerge, here it is. No demand.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.