AFG: First home buyers near record low

Monday 4 August 2014

Australian Finance Group (AFG) has released its housing finance data for the month of July, which registered a large monthly rise in mortgage applications, with both the number and value of applications also well up on the same time last year and a record for the month of July.

The number of mortgage applications rose by 6% in July and were up 10% over the year to 9,300, whereas the value of applications rose by 9% over the month and were up by 21% over the year to $4,122 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.