Australian Finance Group (AFG) has released its housing finance data for the month of November, which registered a decrease in monthly mortgage applications, altough both the number and value of applications were up strongly on the same time last year.
The number of mortgage applications fell by 6.3% in November but were up 7.0% over the year to 9,806, whereas the value of applications fell by 6.3% over the month but were up by 11.5% over the year to $4,455 million (see next chart).