AFG posts seasonal mortgage rebound

Wednesday 6 July 2016

Australian Finance Group (AFG) has released its housing finance data for the June quarter, which registered a third consecutive quarterly fall in mortgage applications, but still an increase year-on-year.

The number of mortgage applications rose by 11.6% over the June quarter but were down by 2.4% over the year, whereas the value of applications rose by 12.9% over the quarter and were up by 1.5% over the year (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.