The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Monday, September 3, 2012

Strongest home loan growth in August in 3 years: nation's biggest broker

Very interesting home loan numbers for August from Australia's no. 1 mortgage originator, AFG:

Australia’s largest mortgage broker processed more home loans in August than since March 2009, according to new figures published today. The latest AFG Mortgage Index shows that the company processed $3,071 million of mortgages in August – an increase of 10% on July figures and 7.4% on August 2011. AFG has 10% of the total national mortgage market (Source: ABS and AFG data) and its findings are usually reflected in ABS statistics published six weeks later.