The Reserve Bank released its October Chart Pack today.
You're more than capable of clicking on links, I'm sure, but a handful of charts that are well worth a look here.
1 - Finance
First up, Housing Loan Approvals appear to be flattening out in aggregate.
We looked at the Housing Finance data in detail here, and found that owner occupiers and investors are starting to look at Brisbane.
2 - Approvals
Secondly, Building Approvals appear to have passed their peak.
We looked at this data in detail at the state, city and regional level here, and found that the construction boom will lead to an oversupply of apartments in some suburbs.
3 - Household incomes
Existing mortgage holders with variable rate mortgages have seen loan repayments diving, and thus in aggregate household disposable incomes have jumped over the past 12 months.
We looked at this data in detail here, and found that while this may be true, to some extent this is a quirk of data sampling, and certainly those who rent where they live on a salaried income will feel no better off than a year ago.
4 - Dwelling prices
Lastly, dwelling prices are absolutely soaring in Sydney as rising household wealth creates new deposits and return-seeking investors push inner city prices ever higher.
We covered off the 2015 outlook in our monthly macro housing market update here.
In short we see more of the same in Sydney through 2015, with some of the best prospects for the years ahead now having also shifted north of the border to Brisbane.
Given exceptionally low interest rates, the outlook is all looking rather subdued elsewhere...
Weak services data today more or less confirmed that interest rates will not be be rising until 2016 at the earliest.
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