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Mortgage growth tanks amid record RBA rate hikes

September 30, 2022 - 14:44 -- Admin

The Reserve Bank of Australia (RBA) released aggregate mortgage data for August, with mortgage growth tanking to 1.6% over the August quarter – the weakest result since April 2021: As illustrated in the next chart, mortgage growth has tanked across both owner-occupiers (1.7%) and investors (1.5%): Annual mortgage growth is also now falling at 7.6%

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