Property leading indicators soften

Tuesday 8 October 2019

Via CoreLogic, leading mortgages are coming off:

And listing are ramping though unsold inventory is still clearing:

Both seasonal. It must be said that the story remains more about relatively tight stock than it does tearaway borrowing. Full report.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.