Why is Australian mortgage issuance collapsing?

David Llewellyn-Smith

Monday, 12 November 2018

As we noted Friday, mortgage issuance is in the midst of a mighty collapse for both own-occupiers:

And investors:

This has led to the formation of a bearish double-top charts that would make any technical analyst jizz in his pants:

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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.