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 …
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