Advertisement
Today’s new mortgage data for December from the Australian Bureau of Statistics (ABS) recorded more strong growth:
Total new mortgage commitments (excluding refinancings) surged by 4.4% in December, with owner-occupied mortgages rising 5.1% and investor mortgages rising 2.8%.
Year-on-year, total new mortgage commitments (excluding refinancings) rose by 14.0%, with owner-occupier mortgages rising by 17.9% and investor mortgages rising 4.9%:
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.