AFG: FHBs in dead cat bounce

Monday 2 February 2015

Australian Finance Group (AFG) has released its housing finance data for the month of January, which registered a seasonal decrease in monthly mortgage applications, although both the number and value of applications were up on the same time last year.

The number of mortgage applications fell by 22.9% in January but were up 4.2% over the year to 6,562, whereas the value of applications fell by 26.9% over the month but were up by 6.9% over the year to $2,763 million (see next chart).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.