AFG shows booming mortgage demand in May

Monday 15 June 2015

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

The number of mortgage applications rose by 10.4% in May and were up 8.7% over the year to 10,668, whereas the value of applications rose by 14.5% over the month and were up by 18.9% over the year to $5,017 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.