The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of May 2020: A chart plotting the long-run time series is shown below: Overall mortgage growth was 3.1% in the year to May, a fraction above all time lows (3.0%). A breakdown of owner-occupied credit (0.5% MoM; 1.5%
The post Investor mortgage demand collapses appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]