Mortgage markets in an upward trend: RBA

The Reserve Bank released its latest report last Friday showing clear signs that the mortgage markets are growing. January figures show that the market has increased by 5.6% in January as compared to the same time last year. The mortgage market posted a 0.6% growth for that month.

The Australian Prudential Regulation Authority has releases a similar report showing the mortgage market increasing by 5.9%. Household deposits have also increased by 8.9%, higher than the growth in the mortgage industry.

Read more about this on the Broker News website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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