AFG Competition Index October 2013
NON-MAJOR LENDERS CLAW BACK MARKET SHARE FROM INVESTORS, REFINANCING Non-major lenders doubled their share of new fixed rate loans between March and September this year, according to AFG, Australia’s largest mortgage broker. The latest AFG Competition Index shows that non-major lenders accounted for 15.5% of fixed rate loans in March 2013, but this figure rose […]
The big four – banking on smaller lenders
Whether we realise it – or care to admit it – Australians are very loyal to our big banks. In fact, more than 80 percent of home loans in Australia are held by one of the big four or their subsidiaries. But there are other options out there in the form of non-bank lenders. We […]
Mortgage Index October 2013
AVERAGE HOME LOAN LEAPS TO $418,000 – BUT GEARING REMAINS CONSTANT New mortgages processed in September were for an average of $418,000 – a leap of $17,000 from two months ago, but borrowers are not proportionally taking on any more debt according to AFG, Australia’s largest mortgage broker. AFG’s latest Mortgage Index shows that the […]
Mortgage Index September 2013
1 IN 2 NSW HOME LOANS FOR INVESTORS: AFG MORTGAGE INDEX 49.5% of all home loans processed in NSW last month were for investors, according to AFG, Australia’s largest mortgage broker. This is the highest level of investor activity the company has ever recorded for any state. Investor participation across the nation was generally high. […]
Commercial Appeal – are you considering commercial property?
When mum and dad investors consider property, most look no further than the residential market. While homes and apartments may be seen as simpler and safer options, many investors are prepared to defy tradition and set their sights on the commercial sector. Commercial property differs to residential, but with the right understanding of the key […]
Mortgage Index – August 2013
1 IN 4 HOME LOANS NOW FROM NON-MAJOR LENDERS: AFG MORTGAGE INDEX Over 1 in 4 home loans processed last month were for non-major lenders, according to AFG, Australia’s largest mortgage broker. This is the highest such figure recorded since AFG began reporting competitor trends in 2010. The latest AFG Mortgage Index, published today, shows […]
AFG Competition Index July 2013
NON-MAJOR LENDERS CLAW BACK MARKET SHARE FROM INVESTORS, REFINANCING Non-major lenders steadily gained home loan market share back from the major banks during the second quarter of the year, according to AFG’s latest Competition Index, published today. Figures show that the overall share of loans processed for non-majors rose from 20.6% in March to 24.8% […]
Mortgage Index – July 2013
MORTGAGE FIGURES REVEAL PATCHY RECOVERY OVER LAST FINANCIAL YEAR Mortgage figures for June published today by AFG, Australia’s largest mortgage broker, show that while some states surged ahead during the last financial year, others are struggling. Overall, national mortgage sales were up 17% in June 2013 compared to the same month last year. Leading the pack […]
Mortgage Index – June 2013
MORTGAGE SALES SURGE TO UNPRECEDENTED LEVELS: MAY FIGURES AFG, Australia’s largest mortgage broker, processed over $3.6 billion in mortgages last month – an increase of nearly 13% from an already record-breaking April figure of $3.2 billion. AFG has 10% of the national mortgage market (Source: AFG and ABS data) and the indicative trends of its figures […]
Mortgage Index – May 2013
APRIL MORTGAGES UP 40% ON A YEAR AGO Fixed rates push to new high The number of mortgages processed last month was 40% higher than in April 2012 according to AFG, Australia’s largest mortgage broker. The monthly AFG Mortgage Index shows that the company processed $3.2 billion in home loans compared to $2.2 billion a […]