CoreLogic’s leading mortgage index tanks

Monday 6 May 2019

CoreLogic has released its weekly leading indicators, which reveals a sharp fall in mortgage market activity:

Listings also remain elevated due to a build-up of stale stock:

And together, these are being reflected in falling prices, with Melbourne and Sydney down more than 10% over the past 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.