Leading property indicators still strong

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CoreLogic provides a series of leading indexes for property. They include mortgage demand and supply dynamics. On the supply side, the market has loosened marginally in Dictator Dan’s Ghost City but everywhere else is still tightening fast:

Owner-occupier mortgages are also rebounding post-Xmas:

This index does not include investors who are also beginning to warm up.

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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.