Australia’s mortgage market rebounds

Wednesday, 5 August 2020

Today’s new mortgage data from the Australian Bureau of Statistics (ABS) recorded a rebound in June as COVID-19 restrictions were lifted:

The next chart plots the time series:

Total new mortgage commitments (excluding refinancings) rose by 6.2% in June, with owner-occupied mortgages rising 5.5% and investor mortgages rising 8.1%.

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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.