Mortgage Index – November 2011
FIRST HOME BUYERS RETURN AS LENDERS COMPETE ON RATES First Home Buyers are returning to the market in greater numbers than at any time since September 2009, according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that First Home Buyers comprised 16.4% of all loans processed – a 40% increase for this buyer category compared to […]
Mortgage Index – October 2011
MASSIVE LEAP IN FIXED RATE LOANS AS FIRST HOME BUYERS RETURN TO THE MARKET IN NSW AND WA Fixed rate home loans rose sharply in popularity in September, as first home buyers returned strongly to the market, especially in New South Wales and Western Australia. The AFG Mortgage Index, published today by AFG, Australia’s largest mortgage broker, shows […]
Mortgage Index – September 2011
MORTGAGE SALES SURGE ON RATE EXPECTATIONS: AUGUST DATA August mortgage sales surged to their highest volume in over eighteen months according to AFG, Australia’s largest mortgage broker. AFG processed over $2.7 billion of mortgages in August – the highest volume figure since March 2010. Refinancing accounted for 38.2% of all mortgages as property owners took advantage of a highly competitive […]
Mortgage Index – August 2011
MORTGAGE MARKETS STAGNATE ON CONSUMER FEARS Only 11.7% of mortgages for owner occupiers: July data Australia’s mortgage sales declined by 3.7% in July, as consumers remain fearful about the threat of further rate hikes, taxes and global economic worries, according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that month on month mortgage sales fell […]
Mortgage Index – July 2011
BIG BANKS GRAB MARKET SHARE AS BUYERS REFINANCE: JUNE MORTGAGE DATA Highly competitive home loan deals offered by Australia’s big four banks has seen them grab market share from their non major competitors, according to AFG, Australia’s biggest mortgage broker. AFG Mortgage Index shows the market share of the major banks and the brands owned by them increased to 82.1% […]
Mortgage Index – June 2011
SURPRISE UPLIFT FOR MORTGAGES AS INVESTORS SWOOP: MAY FIGURES Mortgage sales increased by 18.8% in May as investors took advantage of softer market conditions according to AFG, Australia’s largest mortgage broker. While May is traditionally a strong month for sales before the quieter winter period, AFG Mortgage Index figures showed surprising strength, after a disaster-hit first quarter, and subdued figures […]
Mortgage Index – May 2011
AFG CALLS ON GOVERNMENT TO BOOST CONSUMER CONFIDENCE AFTER ANOTHER FLAT MONTH: APRIL FIGURES AFG, Australia’s largest mortgage broker, has called on the Government to address weak consumer confidence, after figures for April showed mortgage sales fell by nearly 10% compared to April 2010. AFG processed $2.1 billion in mortgages in April 2011 compared to $2.3 billion in April […]
Mortgage Index – April 2011
MORTGAGE SALES RECOVER AFTER THE FLOODS – BUT STILL LOWER THAN MARCH 2010: LATEST FIGURES New South Wales bucks the trend with stronger figures Mortgage sales during March saw a recovery from the record lows of January and February, but figures were still 9% lower than those recorded a year ago, according to AFG, Australia’s largest mortgage broker. […]
Mortgage Index – March 2011
LENDER WARS ARE ON – BUT CONSUMERS CAUTIOUS TO BUY OR SWITCH LOANS: FEBRUARY FIGURES Increased competition among mortgage lenders has seen the market share of non bank lenders rise to levels last seen before the GFC according AFG Australia’s largest mortgage broker. Non bank lenders comprised around 21% of all home loans processed in February according to AFG […]
Mortgage Index – February 2011
LOWEST MONTHLY SALES SINCE 2004 AS FLOODS HIT NATIONAL MORTGAGE MARKET: JANUARY FIGURES The number of mortgages processed in January was the lowest recorded by AFG, Australia’s largest mortgage broker, since the inception of its Mortgage Index in 2004. AFG’s Mortgage Index shows that mortgages processed in January (a volume of $1.3 billion) were 40% below the average […]