Australian Finance Group (AFG) has released its housing finance data for the June quarter, which registered a bounce in the number and value of mortgage applications; although applications were still down solidly over the year.
The number of mortgage applications rose by 9.6% over the June quarter but were down by 12.5% over the year, whereas the value of applications jumped by 11.9% over the quarter but were down 10.6% over the year:
Investor mortgage demand rebounded to 28% of total applications in the June quarter, but remains well down from the record 40% share in both the March and June quarters of 2015, whereas the share of mortgages going to first home buyers (FHB) was steady at 14%:
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