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First home buyer numbers have fallen significantly over the past 12 months, according to AFG statistics.
The aggregator revealed that it processed 8,745 mortgages in June, which was 15.4 per cent higher than the year before.
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The combined value of those mortgages jumped 23.2 per cent to $3.8 billion, while the average loan size rose 6.7 per cent to $433,000.
Investors increased their share of the mortgage pie from 37.9 per cent to 39.2 per cent, while first home buyer numbers fell from 12.8 per cent to 10.8 per cent.
LVRs also declined from 68.6 per cent in June 2013 to 66.6 per cent in June 2014.
AFG’s general manager of sales and operations, Mark Hewitt, said AFG had performed strongly in 2013/2014.
“We processed almost $44 billion in home loans, which is 24 per cent more than in the last financial year,” he said.
Meanwhile, Vow Financial revealed that its settlement numbers for June were up 40.6 per cent on the year before.
[Related: AFG loans win investor approval]
