AFG: NSW first home buyers go extinct

Wednesday 3 December 2014

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).

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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.