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The RBA has released its private sector credit aggregates data for the month of September, which revealed a rebound in mortgage growth:
A chart plotting the long-run time series is shown below:
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Overall mortgage growth was 3.3% in the year to September, rebounding from the all-time low 3.0%.
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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.