AFG: investors cause dive in mortgage applications

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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 quarterly decline in the number of mortgage applications, with applications also falling heavily over the year.

The number of mortgage applications fell by 3.4% over the September quarter and was down by 8.4% over the year, whereas the value of applications fell by 2.3% over the quarter and by 4.8% 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.