Housing finance records dead cat bounce

Monday 10 December 2018

Today’s housing finance data for October, released by the Australian Bureau of Statistics (ABS), posted a rebound in finance commitments, with both investor and owner-occupied demand lifting.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) rose by 2.3% in October in seasonally adjusted terms but has fallen 7.3% 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.