Oz Blog News Commentary

Mortgages point to softer property prices

August 5, 2021 - 00:10 -- Admin

On Tuesday, the Australian Bureau of Statistics (ABS) released data on new finance commitments, which registered the first decline in mortgages for nine months: As regular readers know, the growth in new mortgage commitments has historically been correlated very strongly with dwelling value growth. The reason is straightforward: the overwhelming majority of buyers borrow to

The post Mortgages point to softer property prices appeared first on MacroBusiness.

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