Business
Mortgage market points to once-in-generation property boom – MacroBusiness
As regular readers know, I consider the growth rate in new mortgage commitments to be the number one short-term indicator for Australian property prices.
This is due to the incredibly strong historical correlation between new mortgage commitments and dwelling value growth.
On Thursday, the Australian Bureau of Statistics (ABS) released data on new mortgage commitments for the month of February, which reported the strongest annual rate of growth in the series’ history, driven by owner-occupiers:
…
-
General20 hours agoQueensland government expands youth justice laws, David Crisafulli tells UN critics ‘you don’t control me’
-
General22 hours agoRestaurants on the brink as business failures plateau
-
General19 hours agoCharlotte McConaghy calls for climate change action in new novel Wild Dark Shore
-
General22 hours agoRegional house price growth outstrips capital cities