The Value Of New Mortgage Commitments Has Been Rising Sharply Since Bottoming Out In May 2019

Since moving through a trough in May, the value of new owner occupier home loan commitments has increased by 17.3% through to the end of September and the value of investor loan commitments is up 8.4%

The latest ABS data on new housing credit showed a sharp rise in the value of home loan commitments, driven by a surge in owner occupier lending as well as a smaller rise in investment lending.  

The rise in the value of owner occupier housing finance commitments over the September…