There are just over 9 million private dwellings across Australia. At any one time about 85% or 7.8 million of them are occupied on a full-time basis. Of these 7.8 million occupied dwellings, around a third are owned outright (no mortgage); just over a third are held with a mortgage and just under 30% are
We keep on reading about how low residential vacancies rates are across much of the country. Ditto on how much rents have risen; and the expectation that they will continue rising, and at the same pace, well into the future. But several sub-measures of the rental market suggest that rental growth is already slowing down.
So what exactly is happening with Australia’s housing finance? Last week’s official statistics – well, more importantly, the media hype & reporting that seems these days to accompany such data – leaves most of us shaking our heads. “Best increase in four years.” “May’s interest rate cut has immediate impact.” “Largest ever volume in loans