Mortgage market stillborn before virus bust

Leith van Onselen

Thursday 30 April 2020

The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of March 2020:

A chart showing the long-run breakdown in the components is provided below:

While the flow of personal credit crashed by 6.5% year-on-year, business credit growth surged to 6.3%.

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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.