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CoreLogic’s leading property indexes remain red hot. On the supply side, for sale inventory is still very low despite resurgent listings:
CoreLogic leading index for property listings
On the demand side, we are yet to see any seasonal slowdown for winter mortgage issuance:
Corelogic leading index for mortgage volumes (owner-occupier only)
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Remember that this index only covers owner-occupiers and investors are also on the move now.
In terms of market internals, there is no end in sight for your COVID property boom. The solution will have to come from outside.
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.
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