Investor mortgage demand hits all-time high

Friday, 14 January 2022

The Australian mortgage market rebounded in November, 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 6.3% in November 2021 to be up 33.2% year-on-year:

Investor mortgage demand has finally surpassed its 2015 peak. They are also growing at turbo-charged rates, up 86.9% year-on-year versus 17.2% growth for owner-occupiers:

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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.