RESIDENTIAL PROPERTY
MORTGAGE aggregator Australian Finance Group (ASX: AFG) recorded $23.3 billion in mortgage finance lodged over Q4 2024, its largest volume since Q2 2022 and...
The group ended the year with a total of $23,314,816,089 in mortgage finance, after more than 36,000 lodgements were filed in the last quarter, up from the $20 billion in home loans...
“Broker activity over the quarter was high and lodgement numbers hit more than 36,395 in the final three months of the 2024 financial year,” said David Bailey,...
“This lift was led by compelling contributions from Western Australia and New South Wales which saw a jump in volumes of 22.02% and 18.7% respectively. Other states also contributed...
The average loan size was up by almost $12,000 compared to the previous quarter, reaching the largest loan size on record for AFG, at $640,605...
This is in line with the latest lending data from the ABS, with the average new owner-occupier mortgage hitting a new record high over May...
Whilst total investor loan lodgements for the quarter increased by 16% ($1 billion) on the same period of FY23, and 19% on the prior quarter, Victoria’s share of investor loans has...
“It will be interesting to see if the Victorian state government property tax changes continue to impact the attractiveness of property investment in the education state.”...
However, in a sign of competition slowly returning to the market, the non-majors did report market share increases across the board for the quarter, picking up market share with...
Fixed Interest Rate products were up from 1.6% in the third quarter to 2.3% in Q4 2024, though this is still well below their longer term averages...
Lender Turnaround Times from lodgement to formal approval came in at 16.4 days for the quarter, the lowest level since we began reporting this metric...