Australian Finance Group (AFG) has released its housing finance data for the March quarter, which registered a third consecutive quarterly fall in mortgage applications, but still an increase year-on-year.
The number of mortgage applications fell by 5.3% over the March quarter but were up 0.5% over the year, whereas the value of applications fell by 5.3% over the quarter but were up by 5.8% over the year (see next chart).
