New data shows the banks contain billions more in investment housing loans than previously reported. But that’s not the only misfortune for the RBAThe latest housing finance figures show that the housing boom continues but has taken a very different shape. The investors are leaving the market and owner- occupiers are taking the lead. But some things remains the same: the boom is all approximately Sydney and Melbourne. In the past year it has been tough to gauge just what is happening in the Australian housing market, mostly because the data provided to the ABS by the banks has been shoddy. Continue reading...
Source: theguardian.com