Tasmania leads flat mortgage market in June: RP Data

Mortgage market activity picked up by 5.2% in Tasmania over June, according to RP Data's Mortgage Index.

This compared with just 0.5% growth nationally with Victoria (2.1%) and Western Australia (2%) the only other two states to register notable gains over the month.

The data is correct up to June 16.

mortgage_activity_june

Mortgage activity appears to have flattened out:

mortgage_index_graph

RP Data systems monitor more than 100,000 mortgage activity events every month across our four main finance industry platforms providing a lead indicator to housing finance commitments.

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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