Latest Credit Decline Bombshell Spells More Property Price Falls Ahead!

Official figures today have put another nail in the property market, as new mortgages for property have fallen to record lows, reflecting a structural shift in the much worshipped Australian property market, you know that one that can only ever go up, according to the spruikers. Those following our work will remember that we showed consistently that growth in mortgage credit is strongly correlated with rises in home prices. No surprise, given that most property transactions require a mortgage, and the bigger the mortgage, the higher price can go, in a doom loop which has consistently driven housing affordability into the […]