Property leading indicators finally ease…slightly

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CoreLogic produces a handy set of leading indicators for property markets. The first is for mortgages that have been seriously overheating. Normally we see an Autumn peak but this year it has come later and higher. Be aware that the index is only for owner-occupiers but they have driven the price boom to date anyway:

CoreLogic leading mortgage index does not include investors

CoreLogic leading mortgage index does not include investors

There’s still more than enough heat in that index to suggest very strong price growth ahead.

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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.