Australian Finance Group (AFG) has released its housing finance data for the December quarter, which registered a strong annual bounce in the number and value of mortgage applications.
The number of mortgage applications fell by 1.9% over the December quarter but surged by 18.9% over the year, whereas the value of applications fell by 1.8% over the quarter but surged 12.1% over the year:
Investor mortgage demand was 26% of total applications in the December quarter, and 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 15%:
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