Advertisement
Today’s housing finance data from the ABS showed that loans for new construction have collapsed from the HomeBuilder-induced peak.
As shown in the next chart, there were only 3,937 loans for construction in April 2022, down 60% from the 9,767 construction loans handed out in January 2021:
Boom to bust.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement