Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
The latest ABS residential lending data for January seasonally adjusted confirms that the home buyer strike that impacted housing markets over the latter part of 2018 has continued into 2019. Most states recorded falls in the value of lending to both investors and owner-occupiers excluding refinancing over the month. The exceptions were Victoria where owner-occupied…
The latest housing market scare campaign focuses on questionable analysis of household debt levels. Sharp declines in mortgage rates since 2011 have predictably activated housing markets with prices rising. Higher prices reflect higher mortgages with borrowers taking on more debt as prices rise and enabled by lower mortgage rates allowing purchasers to borrow more with…
