More Political Spin...WHEN WILL IT END?? #shorts #Australia

By Scott Kuru

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One positive lending number doesn’t mean Australia’s housing crisis has suddenly been fixed. Yes, investor borrowing for new builds jumped. But at the same time, overall investor lending fell, first home buyer lending fell, owner-occupier lending fell and total home lending fell. That’s why context matters. More finance flowing towards new housing could be a positive sign, but ultimately Australia doesn’t need more impressive lending statistics. We need COMPLETED homes. Until construction catches up, builders stop collapsing and the gap to the 1.2 million home target starts closing, I think celebrating one favourable number is premature. Do you think the government’s housing reforms are actually starting to work, or are we being sold another cherry-picked statistic? Let me know in the comments. 👉

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