AFG data underlines fading housing market

Wednesday 11 April 2018

Australian Finance Group (AFG) has released its housing finance data for the March quarter, which registered another quarterly fall in mortgage applications, with annual applications falling as well.

The number of mortgage applications fell by 6.5% over the March quarter and was down by 4.2% over the year, whereas the value of applications fell by 6.5% over the quarter and was down 1.8% 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.