Today’s housing finance data for October, released by the Australian Bureau of Statistics (ABS), posted big seasonally adjusted rises in both owner-occupied and investor finance commitments, with the overall trend in mortgage growth also flattening-out.
According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) rose by a seasonally adjusted 0.9% over the month but was down 5.7% over the year:
