Business
Property investors flee Australia’s mortgage market – MacroBusiness
The Reserve Bank of Australia has released mortgage data for June, which reveals that mortgage credit growth continues to soften, driven by fleeing property investors. As shown in the next chart, overall mortgage growth fell to just 0.7% over the June quarter…
The Reserve Bank of Australia has released mortgage data for June, which reveals that mortgage credit growth continues to soften, driven by fleeing property investors.
As shown in the next chart, overall mortgage growth fell to just 0.7% over the June quarter:
Growth has been dragged down by property investors where demand continues to fall, down 0.4% over the June quarter:
Annual mortgage growth has bottomed out at 3.1%:
However, demand from property investors has collapsed, with the stock …
-
Noosa News21 hours agoBrisbane vs Collingwood live blog: Richmond selects Noah Balta as unbeaten Lions prepare for Magpies test
-
General22 hours agoCanberra man named as doctor accused of rape after suppression order lifted
-
Noosa News24 hours agoAustralians tell ABC’s Your Say how they saw the second leaders debate
-
General20 hours agoNT Coalition candidate Lisa Siebert diverges from Jacinta Nampijinpa Price on royal commission call