Aussie mortgage growth bounces along the bottom

Wednesday, 30 September 2020

The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of August 2020, which reveals that mortgage growth continues to hover near record lows:

A chart plotting the long-run time series is shown below:

Overall mortgage growth was 3.2% in the year to August, a fraction above all time lows (3.0%).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.