Average loan size
The average loan size has jumped by about 10 per cent in recent months, according to CBA's internals:
Lending volumes are obviously up strongly, by 50 per cent from the nadir of a year ago.
Many are looking to renovate their homes, given the lack of ability to take overseas holidays.
There has been a rush to fix mortgage rates, as borrowers figure that the bottom may be in for interest rates.
This will probably begin to happen from the middle of the year, if modestly, as the Term Funding Facility is ended.
