ONLY CHARTS #422
Aus job ads, NZ mortgage rates, NZ population & dwelling growth, Aus-NZ 2yr spread, NZ QSBO, Aus inflation, Aus consumer sentiment
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1. The stock of job ads in Australia declined 3.3% m/m in September according to ANZ-Indeed. Job ads had been broadly unchanged for close to a year prior to the latest reading.
2. The average interest rate on existing housing loans in New Zealand declined a further 10bps to 5.45% in August. Lower front-end rates and the flow of mortgage refinancing will see the average rate paid fall much further.
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