Brighton beach bathing boxes, Melbourne.

First home buyers came back for Christmas as the average mortgage heads to $500,000

News

Australians started borrowing again before Christmas, with the value of new home loans up by 4.4% in December (seasonally adjusted), while personal fixed term loans rose by 3.5% according to data released today by the Australian Bureau of Statistics. The value of mortgages to owner-occupier rose by 5.1%, an eight-year high, and 17.9% over the…

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