Walk The World The ABS reported a further fall in new credit commitments in December 2022, across most categories. Even refinancing was down a little, though still elevated as people seek cheaper loan options.
First time buyers are continuing on the sidelines, with volumes falling here too.
But borrowing for holidays rose significantly.
Average loan sizes rose however, with Western Australia leading the way!
More signs of further home price falls ahead?
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In other words, life isn't like a Box of Chocolates.
No way. I trust them as far as I can throw them
It all looks good to Me
Adelaide real estate still on fire and then hold.
In a few short months the average couple buying there first home will be able to borrow 250 000.
Tarric time later today?
Quite simple to see which sector ultimately benefits from house prices and the mortgage cash cows.
The free money ends and genuine Aussie Money has no desire to show its face. Well done Tory Liberals of Australia!
Australia’s economy ‘drunkeness’ on housing finally going ‘cold turkey’ LNP policies over 9 years now may finally bite!
Thanks !!.
But not many are forced to sell according to Bill Evans and the RBA, household budgets have plenty of built up cash. More Blah, blah from Depression Financial Analytics.