CBA: Mortgage equity injection highest in living memory

By Gareth Aird, senior economist at CBA:

Key Points

  • RBA cuts to the cash rate have generated both a lift in new housing‑related lending and an acceleration in debt repayment.
  • We expect national dwelling prices will continue to grow faster than household income in 2020 but any increase in household leverage is likely to be modest.
  • Households are using lower mortgage rates to speed up debt repayment and housing equity injection sits at a 30‑year high.

Overview

There are 2913 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.