AFG: Investor mortgage demand goes nuclear

Tuesday 5 May 2015

Australian Finance Group (AFG) has released its housing finance data for the month of April, which registered a large drop in monthly mortgage applications, but a big increase year-on-year.

The number of mortgage applications fell by 14.0% in April but were up 13.4% over the year to 9,661, whereas the value of applications fell by 16.3% over the month but were up by 22.6% over the year to $5,380 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.