Mortgage demand remains red hot

Thursday, 1 April 2021

The Australian mortgage market remains red hot according to new data released today by the Australian Bureau of Statistics (ABS).

While the value of new mortgage commitments retraced by a seasonally adjusted 0.4% in February 2021, it was up 48.8% year-on-year and remains only a whisker below all-time highs:

New mortgage commitments remain near record highs.

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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.