Housing finance crashes deeper into abyss

Monday 13 May 2019

Today’s housing finance data for March from the ABS recorded a heavy decline in mortgage commitments:

As shown above, total finance commitments (excluding refinancings) fell by 3.2% in March, with owner-occupied commitments falling 3.4% and investor commitments falling 2.7%.

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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.