More Evidence Property Is Fading

The latest weekly data from CoreLogic underscores the weakness in the property market. First prices are drifting lower.

The indicator of mortgage activity is also down, suggesting demand is easing as lending rules tighten. But then we always have a decline over the summer break.

The question is, are we seeing a temporary blip, over the holiday season, or something more structural? We think the latter is more likely, but time will tell.


Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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