Mortgage growth points to stronger property market – MacroBusiness

Friday’s housing finance data from the Australian Bureau of Statistics (ABS) points to a rebound in Australian property price growth.
This data showed a dramatic 12.6% lift in mortgage finance commitments (excluding refinancings) in August, with owner-occupied mortgages surging 13.6% and investor mortgages rising 9.3%:
As regular readers know, mortgage growth is one of the best indicators for property price growth having displayed a very strong historical correlation.
Below are charts plottin…

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