AFG posts Q3 mortgage rebound

Thursday 6 October 2016

Australian Finance Group (AFG) has released its housing finance data for the September quarter, which registered a decent bounce in mortgage applications.

The number of mortgage applications rose by 4.1% over the September quarter to be up by 5.8% over the year, whereas the value of applications rose by 4.8% over the quarter to be up by 8.0% 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.