ABA/Canstar shows a rebounding mortgage market

Advertisement

By Leith van Onselen

ABA/Canstar has released its housing finance data for the five major banks (covering 85% of lenders) to March 2018, with trend annual rises registered in both the number and value of housing finance commitments (excluding refinancings):

As shown above, the annual number of finance commitments is tracking just 3.1% below the mid-2016 peak, whereas the value of commitments is tracking 3.0% below the mid-2016 peak.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.