Australian Mortgage Index grows positively: AFG (21-Aug-2007)
Australia has ended the first six months of 2007 with a positive coast-to-coast outlook for property markets, according to recent figures out from Australian Finance Group (AFG). AFG Mortgage Index shows that the average Australian mortgage size – a reflection of property prices and confidence – increased 5.6% from $300k in December 2006 to $317 in June 2007.
Increasing property confidence drives Australian mortgage industry (4-May-2007)
Australian Finance Group Limited (AFG), an Australian mortgage broker reports that one in three new mortgages was sold to property investors, as opposed to owner occupiers, during March. And AFG Mortgage Index shows that 32.9% of all new mortgages were sold to investors – the peak figure AFG has recorded in the four years it has been running the index.