Australian Finance Group (AFG) has released its housing finance data for the month of August, which registered a small monthly decline in mortgage applications, although both the number and value of applications were up on the same time last year and a record for the month of August.
The number of mortgage applications fell by 2% in August but were up 4% over the year to 9,087, whereas the value of applications fell by 4% over the month but were up by 10% over the year to $3,959 million (see next chart).
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