The RBA has released its private sector credit aggregates data for the month of December, 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 3.5% in the year to December, rebounding from the all-time low 3.0%.
A breakdown of owner-occupied credit (0.6% MoM; 1.5% QoQ; 5.6% YoY) and investor credit (0.1% MoM; 0.2% QoQ; 0% YoY) is provided below:
The below chart shows that quarterly mortgage growth has surged after bottoming in July/August:
With the rebound driven most by owner-occupiers:
More evidence of the Aussie property rebound.