From AFG yesterday:
Australian Finance Group (ASX: AFG) has today released its Mortgage Index for the final quarter of 2015. Investors have continued their retreat from the market with the latest figures showing investor lending had fallen from 40% of total loans processed early in the calendar year to 31% in the last quarter. Gains in both refinancing (36% to 38% of total loans) and upgrader (30% to 35%) categories led to a 7% lift in the total number of home loans processed by AFG for the December quarter compared to the same lending period in 2014. The figures were led by upward swings in Victoria of 17.69% and New South Wales at 12.23% with a surge in South Australia of 13.41%. These positive results offset a flat market in Queensland at 0.85%, and a decline in the Northern Territory -21.7%, in a comparatively smaller market. WA dipped, -9.55% reflecting a cooling housing market in that state.
Meh. Here are the charts, headline numbers falling as subsiding investors outpace rising owner occupiers:
And being a broker AFG headline figures tend to flatter given it favours non-bank lenders which are growing faster than macroprudential restricted majors:
Only Victoria has any life left in it:
:
Bubble trouble.