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by light3
5543 days ago
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That's a very bold thing to claim, Australia is a very big place, cities such as Sydney and Melbourne were doing well last year, Sydney still reported positive growth for the last quarter. Although the Jan/Feb lending figures were indeed indicative of a slowdown, for NSW(where Sydney is) at least, they have rebounded somewhat in the latest AFG figures:
http://corporate.afgonline.com.au/idc/groups/public/document... AFG is a mortgage broker responsible for 10% of lending in Australia, their figures are updated monthly and are a good leading indicator of the slower official government stats. |
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