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Today’s new mortgage data for November from the Australian Bureau of Statistics (ABS) recorded more growth:
Total new mortgage commitments (excluding refinancings) rose by 1.8% in November, with owner-occupied mortgages rising 1.6% and investor mortgages rising 2.2%.
Year-on-year, total new mortgage commitments (excluding refinancings) rose by 5.9%, with owner-occupier mortgages rising by 10.0%, offsetting a 3.2% decline in investor mortgages:
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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.