Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

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Monday, 5 August 2019

Turning points & leading indicators

At the coalface

Filming a bit of content today down in Melbourne with the big fella Bryce Holdaway from Location Location and the famous Property Couch.

These guys have a mortgage broking arm at Empower Wealth, they run one of the most active property buying agencies, and they buy nationally.

I thought, therefore, it might be worth hearing about what's happening in terms of buyer sentiment, mortgage applications, and processing times: 


Official statistics on housing credit are interesting, but they are lagging indicators and tend to reflect what has gone before, not what is coming. 

I discussed the difference between lagging and leading indicators for the economy and markets here