matty you didnt read my post---here is the link again
http://www.businessspectator.com.au/bs.nsf/Article/house-prices-interest-rates-RBA-euro-debt-crisis-p-pd20120117-QL2FC?OpenDocument&src=sph it has the data since 2007---now note trend is your friend--What we can see from the chart above is that since May 2011 the three-month moving average growth rate for the number of loans approved for purchases of existing dwellings (refer to the blue bars) has been around 1.5 per cent. That means that new home loan approvals have actually been rising at a double-digit pace since March 2011
and then today up 2.2% in nov
and poor old you wants to bring up jan to march 2011
ill repeat that---loans increasing since march leading to 2.2% in nov and remember we didnt get at rate cut till nov
talk about selective cherry picking---and just note i suggested you read a link previously from the rba and you replied you wouldnt bother wouldnt bother because it didnt fit your agenda
so now you have been caught out in your case it must be a terrifying thought to realize you may be wrong
