Oz Blog News Commentary

Investor mortgage demand collapses

June 30, 2020 - 11:48 -- Admin

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%

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