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The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of February.
Quarterly mortgage credit growth slowed to 2.0% – down 0.1% from January’s 12-year high:
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.
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