Anecdotally, having spoken to a few mortgage brokers, the word is that mortgage lending has been slowing through August and beyond.
So I'll just add that as a brief addendum to yesterday's post.
While on the subject of leading indicators, ANZ reported that job advertisements jumped again b+2 per cent in August to 181,435.
That now makes it six monthly gains on the bounce.
Total advertisements have ripped +13.2 per cent higher since the beginning of the year
And they not sit at the highest level in six years.
This should keep monthly hiring tracking at a rate of about +15,000 to +20,000 per month for a good while to come.
And if that happens the unemployment rate is likely to continue its decline.
All measures of vacancies and advertisements have been rising solidly since 2013.