Property heads for Winter frenzy

CoreLogic’s leading property indicators continue to run red hot. There is a little hint that inventory on market is normalising as prices skyrocket:

CoreLogic property inventory

CoreLogic property inventory

However, so far, any rebound in the supply of properties for sale has been easily absorbed by the frenzy of buyers.

On the demand side, owner-occupier mortgage issuance is booming:

Mortgage issuance leading index

Mortgage issuance leading index

It’s unusual for the Autumn peak to match the Spring one but we’re headed that way. This is only owner-occupiers remember, investors are warming up as well.

It looks like a Winter frenzy ahead for property prices. Full report.

David Llewellyn-Smith
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