AFG shows huge drop in interest-only mortgages

Thursday 11 January 2018

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

The number of mortgage applications fell by 2.3% over the December quarter and was down by 3.0% over the year, whereas the value of applications fell by 0.4% over the quarter and was down 0.3% 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.