RBA Financial Aggregates released today show growth in housing finance continues to fall. Cuts in interest rates are taking no effect.
Growth is now at 5.1 percent, the worst figure since records exists.
Mortgage growth is considered a leading indicator as most people need to borrow to purchase a home.
Scary Graphs :
http://www.macrobusiness.com.au/wp-content/uploads/2012/06/ScreenHunter_03-Jun.-29-11.54.gif
- Forums
- Property
- forward indicator predicts house price crash
forward indicator predicts house price crash
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online