CoreLogic housing indicators still soft

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Via CoreLogic comes the leading mortgage index which remains down solidly year on year, but has shown a trend seasonal rise off the canvas:

Total capital city for-sale listings are still higher year-on-year, led by Sydney:

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Whereas dwelling values continue to trend lower:

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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.