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.