New home finance also crashes

Friday 9 November 2018

Today’s housing finance data for September posted a 3.6% slump in the number of new home finance commitments (both construction and new), with commitments crashing by 16.5% over the year:

The annual number of new home commitments is also 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.