A Roy Morgan Single Source Survey, which was carried out in the three months to October 2018, shows that 1.21 million Australians aged 14-plus intend to take out a home loan in the next 12 months, representing a decline of 17.7% from the 1.47 million recorded over the same period in 2017:
In the January quarter 2018, the level of home loan intentions was a very positive 7.3% of the population, representing 1.48 million people. This deteriorated significantly in the April quarter to 6.3% (1.29 million), a decline of 190,000 or 12.8%. The July and October quarters in 2018 fell further to 5.9% (1.21 million), representing an overall decline of 17.7% since the October 2017 quarter…
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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.
