Mortgage market picking up led by NSW: RP Data monitor

Mortgage market activity picked up across the country in April led by NSW, the latest RP Data figures show.

There was also a strong pick-up in activity in Queensland, WA, Victoria and Tasmania.

The figures are a lead indicator of official housing finance data, coming out around six weeks ahead of ABS figures.

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RP Data systems monitor more than 100,000 mortgage activity events every month across four main finance industry platforms.

The index shows an 81% correlation with the ABS housing finance data series (88% using the seasonally adjusted series).

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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