AFG posts annual decline in mortgage volumes

Thursday 13 July 2017

Australian Finance Group (AFG) has released its housing finance data for the June quarter, which registered a seasonal rise in mortgage applications, but a decline year-on-year.

The number of mortgage applications rose by a seasonal 5.1% over the June quarter but was down by 0.9% over the year, whereas the value of applications rose by 4.6% over the quarter but was up by just 0.6% over the year:

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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.