Maybe I'll do a full analysis of the Reserve's chart pack over the weekend.
The RBA's latest chart pack runs to 30 May.
While credit growth statistics have only shown a moderate upturn to date, I thought this chart below told an interesting story: namely that housing loan approvals are in a very significant uptrend over the past year, and climbing sharply.
What I really would like to see is the first homebuyer approvals picking up.
I have suggested for the last month or two that this seems likely, but the evidence below has yet to reflect much action in this sector.
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