ABA/Canstar: Mortgage market crashed pre-election

Monday 27 May 2019

Below is April’s ABA/Canstar’s mortgage data for the five major banks (covering 85% of lenders), which posted further collapses in both the number and value of finance commitments prior to last weekend’s federal election:

As shown above, the annual number of finance commitments is tracking 15.2% below the mid-2016 peak, whereas the value of commitments is tracking 12.9% lower.

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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.