11Nov
Record-breaking mortgage month for biggest broker
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Liquidity Finance’s aggregator, Australian Finance Group (AFG), processed $3.1 billion worth of mortgages in October, the highest month recorded since early 2009, representing a 14.6 per cent month-on-month increase. |
Loan-to-value ratios (LVRs) rose to 70.5 per cent in October, the highest level since September 2009. Higher LVRs typically signal increased activity among first-time buyers.