It’s the end of the month again and time for another update from the RBA on private credit aggregates. The trend continues with another all time record low for growth in annual housing credit growth, this time down to just 4.4 per cent.
On a monthly basis, there was no change for owner-occupier housing with growth remaining at a positive 0.3 per cent, but a slight kick up in investor appetite for debt to 0.5 per cent. This caused a monthly rise on overall demand for housing debt to 0.4 per cent.
» Financial Aggregates, January 2013 – The Reserve Bank of Australia, 28th February 2013.
» Annual mortgage growth plumbs fresh lows – MacroBusiness, 28th February 2013.
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