Australian Finance Group (AFG) has released its housing finance data for the month of April, which registered a large drop in monthly mortgage applications, but a big increase year-on-year.
The number of mortgage applications fell by 14.0% in April but were up 13.4% over the year to 9,661, whereas the value of applications fell by 16.3% over the month but were up by 22.6% over the year to $5,380 million (see next chart).
