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The Australian mortgage market remained white hot in March, hitting new all-time highs according to new data released today by the Australian Bureau of Statistics (ABS).
The total value of new mortgage commitments rose by a seasonally adjusted 5.5% in March 2021 to be up 55.3% year-on-year:
New mortgage commitments hit another record high in March 2021.
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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.