Blog posts

Non major lenders have significantly increased their share of the first home buyer and refinancing markets in the past twelve months according to AFG, Australia’s largest mortgage broker. AFG’s Competition Index, published today, shows that twelve months ago, the total market share of non major lenders among first home buyers averaged 22% - 23% a month. In recent months that figure has held...

Biggest month for mortgage sales in 3 years – May figures
AFG, Australia’s largest mortgage broker, processed more home loans in May than in any month since March 2009, according to figures published today. The AFG Mortgage Index shows that the company processed over $3 billion in loans during May. AFG has approximately 10% of the total mortgage market (Source ABS and AFG statistics).

The Housing Industry Association, the voice of the residential building industry, is disappointed that tonight’s Federal Budget represents a missed opportunity to reinvigorate new home building activity and alleviate the nation’s housing affordability pressures.
HIA’s Senior Economist, Andrew Harvey, said that while the Federal Budget provides a handful of useful measures more broadly, it...

Figures from SQM Research have shown housing stock decreased by 4.2% in April. The month also marked the most modest year-on-year increase recorded in the last 12 months, with stock up only 0.3% on last April.
The research company has claimed the figures may indicate that stock levels have finally peaked.