New home finance also tanks

Friday, 12 October 2018

Today’s housing finance data for August posted a 4.2% slump in the number of new home finance commitments (both construction and new), with commitments crashing by 13.8% over the year:

The annual number of new home commitments is still running near the highest levels since the mid-1990s, but is clearly falling fast:

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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.