Mortgage Demand Lifting On Lower Rates And Easier Credit, Pushing Values Higher Values Rise

In July 2019, housing finance commitment data has shown a sharp rise. The uplift in commitments has matched the turnaround in dwelling values seen since mid-May and has also mirrored the jump in auction clearance rates seen over the same period.

The first chart shows the value of lending monthly split out between owner-occupiers (divided between non first home buyers and first home buyers) and investors (note these figures include refinances). As the chart highlights, each of the three…