AFG also shows rotation from investors to first home buyers

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By Leith van Onselen

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

The number of mortgage applications rose by a seasonal 1.4% over the September quarter but was down by 3.4% over the year, whereas the value of applications rose by 3.0% over the quarter but was down 0.8% 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.