Oz Blog News Commentary

Aussie mortgage growth fades away

September 29, 2023 - 11:52 -- Admin

The Reserve Bank of Australia (RBA) has published data on outstanding mortgage debt, which increased by 0.31% in August to be up only 0.9% for the quarter: It was the weakest quarter of mortgage growth since October 2020 during the height of the pandemic. Owner-occupier mortgage credit growth rose by 1.0% over the quarter, whereas

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