Australian Finance Group (AFG) has released its housing finance data for the month of February, which registered a massive increase in monthly mortgage applications, with both the number and value of applications also up strongly on the same time last year.
The number of mortgage applications rocketed by 49.3% in February and were up 12.1% over the year to 9,799, whereas the value of applications jumped by 58.1% over the month and by 16.2% over the year to $4,368 million (see next chart).
