Only Charts
www.antipodeanmacro.com
1. The value of new housing loan commitments (ex refinancing) in Australia rose 1% m/m in November - consistent with rising housing prices
2. By number, owner-occupier housing loan commitments to buy existing homes continued to edge higher. Loans for new home construction by owner-occupiers dipped and remained very low
3. Very few borrowers in Australia are going fixed
4. The ABS’ monthly consumption indicator to November suggests consumption remains on track for another weak quarter in Q4
5. Unsurprising ongoing weakness in (nominal) discretionary spending growth in Australia
6. Discounted domestic airfares in Australia have broadly returned to the (rising) pre-COVID trend
