NSW new mortgage activity hits two-year high By Annie Kane 15 December 2020
The number of newly originated mortgages on resi titles has hit a two-year high in NSW, with CBA continuing to take the lion’s share, new data shows.
Data from the latest
Residential Mortgage Activity report from NSW Land Registry Services (NSW LRS) shows that newly originated mortgage activity remained strong in NSW in November 2020, driving overall mortgage growth in the state.
This growth, combined with a buoyant refinancing market, saw the second highest month for volumes coming onto the register in 24 months, just behind October 2020.
According to the report, the volume of newly originated mortgages on residential titles reached two-year highs on the register, increasing by more than 50 per cent since May 2020.
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