Strong mortgage rebound driven by Sydney and Melbourne

CoreLogic’s research analyst, Cameron Kusher, has released some interesting analysis of last week’s ABS housing finance data, showing that NSW (Sydney) and VIC (Melbourne) are leading the strong rebound, which is reflected by their rising dwelling values:

The ABS results confirmed that housing finance commitments data has shown a sharp rise with the uplift in commitments matching the turnaround in dwelling values seen since mid-May. According to CoreLogic research analyst Cameron Kusher, “this result has also mirrored the jump in auction clearance rates seen over the same period”…

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