Mortgage Index – March 2010
INVESTORS STORM THE PROPERTY MARKET AS SECOND-TIER LENDERS STAGE A COME-BACK: FEBRUARY MORTGAGE FIGURES After a lull over the summer holidays property investors are flocking back to the market according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index out today shows that 34.1% of all mortgages arranged nationally in February were for property […]
Mortgage Index – February 2010
47% SLUMP IN MORTGAGE SALES: AFG WARNS RBA ON ANOTHER RATE RISE A dramatic slump in mortgage sales in January has prompted AFG, Australia’s largest mortgage broker, to warn the RBA that another rate rise in February would be a crippling blow to the country’s fast-shrinking property markets. AFG arranged $1.5 billion of mortgages in […]
Mortgage Index – January 2010
2 OUT OF EVERY 5 MORTGAGES FOR INVESTMENT AS NSW BUCKS NATIONAL DECLINE – DECEMBER FIGURES Two out of every five mortgages arranged in NSW in December were for investment properties according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that increasing interest in NSW property saw the state end the year […]
Mortgage Index – December 2009
AVERAGE MORTGAGES HIT ALL TIME HIGH DESPITE CAUTIOUS MARKET – NOVEMBER FIGURES The average new mortgage arranged in Australia in November reached $367,000, the highest on record, according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that mortgage sizes have been on the rise since the middle of the year, having increased by […]
Mortgage Index – November 2009
MORTGAGE MARKET COOLS AS RATES RISE AND FIRST HOME BUYING FALLS – LATEST FIGURES The mortgage market cooled in October as the number of first home buyers fell by 27% from September and the early October rate rise created caution among property buyers in general. The AFG Mortgage Index, published by Australia’s largest mortgage broker, shows […]
Mortgage Index – October 2009
NO LAST MINUTE RUSH FOR FIRST HOME GRANTS – SEPTEMBER MORTGAGE FIGURES Despite first home buyer grants being reduced at the end of last month, there was no last minute rush by first home buyers to buy property in September according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that loans to first […]
Mortgage Index – September 2009
TRADE-UP BUYERS RETURN TO MARKET – AUGUST MORTGAGE FIGURES Property owners trading up their family homes are returning to the market after a period in the deep freeze according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that in August 2009, after property investors, first home buyers and refinancing were taken out of the […]
Mortgage Index – August 2009
$354,000 – THE AVERAGE SIZE OF A NEW MORTGAGE IN AUSTRALIA REACHES RECORD: JULY MORTGAGE FIGURES The average new mortgage lodged in Australia rose to $354,000 in July – the highest figure on record, according to AFG, Australia’s largest mortgage broker. AFG’s Mortgage Index shows that average mortgage sizes have been on the rise since […]
Mortgage Index – July 2009
FIRST HOME BUYER ACTIVITY FALLS 30% – JUNE MORTGAGE FIGURES Mortgage sales to first home buyers have fallen by 30.6% since their peak in March according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that 19.5% of all mortgages sold in June were to first home buyers – compared to 28.1% just three […]
Mortgage Index – June 2009
FIRST HOME BUYER PEAK OVER – BUT INVESTORS TIP TOE BACK : LATEST MORTGAGE FIGURES The peak of first home buying activity is over according to AFG, Australia’s largest mortgage broker. Since the rush to secure federal government grants peaked in March, when 28.1% of all new mortgages were arranged for first home buyers, AFG has […]