Australian banksAustralian Property

Aussie mortgage growth hits 12-year high

Leith van Onselen
Monday, 31 January 2022
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The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of December.

Quarterly mortgage credit growth rose to 1.97% – the highest growth rate since since April 2010:

Owner-occupiers continue to drive mortgage growth, rising by 2.4% over the quarter versus 1.2% growth for investors:

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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.