No sign of any bounce in specufestor mortgages in October APRA data. Year on year is still down marginally for the big eight:
Month on month was slightly positive but the trend is sideways. ANZ is making up for lost time. Others are becalmed. NAB is crunched:
Mad Macquarie remains…mad:
There is no rebound at all in these numbers. If house prices are to keep rising then it will have to happen without investors.
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.
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.
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