Mortgage demand for established housing stock continues to climb

Housing finance data for December 2016 was released earlier today by the Australian Bureau of Statistics.  Demand for mortgage finance continues to increase over the month reflective of the ongoing growth in home values currently being experienced.

Unlike the rest of the charts throughout this post, the above chart does not use seasonally adjusted figures.  It does show the different segments of the market borrowing at the moment with the market being driven by owner occupier non first…