Housing finance weakening despite first home buyer stimulus

Thursday 12 April 2018

Today’s housing finance data for February released by the Australian Bureau of Statistics (ABS) revealed a weakening trend in overall finance commitments.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by 0.1% in February in seasonally adjusted terms and was down 0.3% 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.