RBA Financial Aggregates released today show growth in housing...

  1. YChromozome
    487 Posts.
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    29/06/12
    13:09
    Post #: 10371787

    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

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