Advertisement
In the months prior to the recent federal budget, data suggested that mortgage demand was beginning to trend downward.
Against a backdrop of deeply depressed consumer confidence and falling per capita real consumer spending, it was arguably an entirely expected set of circumstances.
When assessing mortgage demand through the lens of the Reserve Bank’s credit aggregates data, it’s clear that at least up until the end of May demand for mortgage credit from property investors appeared to remain robust.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
Advertisement