AFG posts Q1 first home buyer bounce

Wednesday 19 April 2017

Australian Finance Group (AFG) has released its housing finance data for the March quarter, which registered a seasonal fall in mortgage applications.

The number of mortgage applications fell by 7.1% over the March quarter but was up by 5.0% over the year, whereas the value of applications fell by 7.5% over the quarter but was up by 8.1% 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.