Is stabilising housing finance a turning point for house prices?

Thursday 11 July 2019

By Leith van Onselen

Yesterday’s Lending to households and businesses release from the ABS revealed that total mortgage lending (excluding refinancings) stabilised in May, but have tanked by 19% over the year in trend terms, driven by an epic 27% crash in investor commitments, whereas owner-occupied commitments also fell by 16%:

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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.