Today’s housing finance data for July from the Australian Bureau of Statistics (ABS) recorded a strong rebound in mortgage commitments:
As shown above, total finance commitments (excluding refinancings) rose by 5.1% in July, with owner-occupied commitments rising 5.3% and investor commitments rising 4.7%.
However, 0ver the year, total finance commitments (excluding refinancings) crashed by 11.8%, with investor commitments tanking by 20.4% and owner-occupied falling by 8.1%.
Advertisement
