Housing finance records dead cat bounce

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By Leith van Onselen

Today’s housing finance data for February from the ABS recorded a small bounce after a long period of declines:

As shown above, total finance commitments (excluding refinancings) rose by 2.7% in February, with owner-occupied commitments rising 2.4% and investor commitments rising 0.9%.

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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.