Ten things to know about mortgage debt

But there are now signs of a turnaround for those variables, and lending activity is also starting to rise – albeit from a low base.  So what’s the current lie of the land and what are key things to keep in mind?

CoreLogic’s chief property economist Kelvin Davidson takes a deep dive into the mortgage market stats.

1. New lending flows over August-October were 4% higher than a year ago

The Reserve Bank figures show gross new lending flows for house purchases, bank switches and loan top-ups over August-October were 4% higher than a year ago, but the total of $16.8 billion is still well below the figures for the same period in both 2020 and 2021, of $21.9 billion and $22.8 billion respectively.