Search results

On the contrary, I don't think I have any confusion as to your position... ;)

Strawman. I didn't say it was a bad sign - but you know that. What I said was that it has SHOWN HISTORICALLY to be uncorrelated with house price movements. My position is that only things that are POSITIVELY correlated with house price movements are positives for the property market...

I haven't raised any other signs, positive or negative, or queried them. Just that you've asserted that an uptick in housing finance commitments is a good sign for the property market. Yet the ABS data you quote doesn't support that since change in finance commitments is broadly uncorrelated...

...but you then say "This is a good sign for the property market". Yet, if I look at the housing finance stats from the ABS AND the house price stats, there's negligible correlation, regardless of lag. So, unless you have evidence otherwise, this is a false indicator for the property...