Australian mortgage market goes boom!

Tuesday 11 February 2020

Today’s new mortgage data for December from the Australian Bureau of Statistics (ABS) recorded more strong growth:

Total new mortgage commitments (excluding refinancings) surged by 4.4% in December, with owner-occupied mortgages rising 5.1% and investor mortgages rising 2.8%.

Year-on-year, total new mortgage commitments (excluding refinancings) rose by 14.0%, with owner-occupier mortgages rising by 17.9% and investor mortgages rising 4.9%:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.