Housing credit grows at its fastest annual pace in April since the GFC
The Reserve Bank's headache over the rampant housing market just got worse because of figures showing mortgage lending stepped up a gear in April. With special feature audio.
Jenny Ruth Wed, 01 Jun 2016
Mortgage lending picked up a pace in April, taking annual growth to its highest level since before the global financial crisis.
Reserve Bank figures show mortgage credit rose to $1.8 billion in April from $1.5 billion in March, will growth in the year ended April now 8.3%, the fastest since June
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