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Australian Finance Group (AFG) has released its housing finance data for the month of October, which once again 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 another record high.
The number of mortgage applications rose by 6.3% in October and were up 9% over the year to 10,463, whereas the value of applications rose by 8.9% over the month and were up by 17.2% over the year to $4,755 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.
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