ONLY CHARTS #407
Aus offset accounts, Aus short-term arrivals, Aus net immigration, Aus consumer spending, US PPI, US GDP growth nowcast
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1. Balances in Australian mortgage offset accounts - deposit accounts offset against a housing loan for the purposes of calculating interest payments - reached nearly $315b in Q2 (seasonally adjusted).
Mortgage offsets account for around one-sixth of total household deposits in Australia and reduce the housing loan-to-income ratio by 16ppts.
2. The share of new housing loans in Australia at debt-to-income ratios of at least 6-times has barely changed at a little more than 5%.
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