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).
