AFG: Investor mortgages hit record as FHBs retreat
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Australian Finance Group (AFG) has released its housing finance data for the month of September, which registered a large monthly increase in mortgage applications, with both the number and value of applications also up strongly on the same time last year after hitting a record high.
The number of mortgage applications rose by 8% in September and were up 14% over the year to 9,839, whereas the value of applications rose by 10% over the month and were up by 20% over the year to $4,365 million (see next chart).
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.