ABA/Canstar shows a sluggish mortgage market

Tuesday 22 May 2018

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

As shown above, the annual number of finance commitments is still tracking 3.4% below the mid-2016 peak, whereas the value of commitments is tracking 2.9% lower.

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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.