Australian mortgage growth ramps up

Monday, 31 May 2021

The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of April.

Quarterly mortgage credit growth continued to firm, rising for the 9th consecutive month to 1.5% – the highest rate of growth since September 2017:

Quarterly mortgage growth ramping up.

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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.