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Australian Finance Group (AFG) has released its housing finance data for the December quarter, which registered a heavy quarterly decline in the number of mortgage applications, with applications also crashing over the year.
The number of mortgage applications fell by 8.3% over the December quarter and was down by 13.9% over the year, whereas the value of applications fell by 8.2% over the quarter and by 12.2% 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.
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