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The Australian mortgage market rebounded further in December, 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 4.4% in December 2021 to be up 26.5% year-on-year:
Investor mortgage demand continues to surpass its 2015 peak. They are also growing at turbo-charged rates, up 73.9% year-on-year versus 12.4% 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.
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