QLD Brisbane - Strongest increase in finance for investing

5601.0 - Lending to households and businesses, Australia, Aug 2019

“Strong refinancing activity was seen for the second month in a row, while new lending commitments for investment dwellings recorded the strongest monthly growth since September 2016.”

The value of new lending commitments for owner occupier dwellings rose 1.9 per cent nationally in August, with rises in all states and territories apart from the Northern Territory. New lending commitments for investment dwellings rose 5.7 per cent in August, with Queensland (up 10.4 per cent) and Victoria (up 9.5 per cent) recording the strongest growth.

Good news for all those parked in Brisbane , waiting to put another house on their monopoly board .

Cliff

 

Yet.. https://www.brisbanetimes.com.au/na...te-new-positions-created-20191017-p531oo.html

 

Queensland isn’t Brisbane...

 

Yes, it's a superset of Brisbane

 

If you'd read the article , you'd see they created lots of new jobs, just more people are moving there and that's not a bad thing .

Lies , damn lies and statistics ....

Cliff

 

Commercial Yields Continue to Tighten in Brisbane CBD Office Market offices and other commercial properties are doing well, that means jobs are being created and companies foresees growth in the city.

 

Well then this proves that unemployment isn't a lead indicator of house price crashes.

 

Nobody said anything about "crashes" due to moderate unemployment.. It's more that lack of high employment growth and wage growth continue to hold back Brisbane from a proper "boom".

 

Apart from every mainstream economist obviously.