Owner-occupier mortgages have no pulse

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Via CoreLogic weekly indicators. Leading mortgages for owner-occupiers have no pulse, down materially year on year and flatlined:

Weak listings are some support for prices but for how long as we go over the fiscal and prudential cliffs:

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Does anyone doubt that if the RBA had any kind of power left in the monetary defibrillator then it would be complusively jerking the trigger? Full report.

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.