Australian mortgage growth rockets

Friday 29 January 2021

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:

Overall mortgage growth was 3.5% in the year to December, 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.