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The Australian Bureau of Statistics (ABS) has released housing finance data for September which revealed another strong lift, driven by both owner-occupiers and investors:
The below chart plots the time series:
Total new mortgage commitments (excluding refinancings) surged by 5.9% in September, with owner-occupied mortgages rising 6.0% and investor mortgages rising 5.2%.
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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.