Property leading indicators still point down

Tuesday, 2 June 2020

CoreLogic weekly leading indexes. Listings have started to rise though the stock is still falling so clearance rate must be OK:

Owner-occupier mortgages are still up marginally year-on-year but the base level is low:

Not much to fear for price rises here. Add falling investor mortgages and it’s still down for prices. 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.