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Property investors continue to pile into mortgage market

July 4, 2022 - 12:30 -- Admin

The Australian mortgage market held firm in May, despite the Reserve Bank of Australia (RBA) commencing its rate tightening cycle with its initial 0.25% hike. According to the Australian Bureau of Statistics (ABS), the total value of new mortgage commitments rose a seasonally adjusted 1.7% in May 2022, but was down 0.4% year-on-year: Owner-occupier commitments

The post Property investors continue to pile into mortgage market appeared first on MacroBusiness.

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