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New mortgage statistics have revealed a big jump in volumes for AFG, while Westpac has been revealed as the most popular lender with Vow Financial brokers.
AFG reported $3.7 billion of loans for April 2014, a 14.8 per cent increase on the year before.
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The average loan size jumped 8 per cent year-on-year to $436,000, while the average LVR fell from 68.6 per cent to 66.7 per cent.
First home buyers’ share of the market fell from 12.4 per cent to 10.1 per cent, while investors’ share climbed from 35.9 per cent to 39 per cent.
Meanwhile, Vow revealed that its loan book had climbed to $19.2 billion by the end of April.
The aggregator said it had 700 accredited brokers, with 62 per cent coming from NSW, 19 per cent from Victoria, 9 per cent from Queensland, 5 per cent from Western Australia and 5 per cent from the rest of Australia and New Zealand.
Westpac was the leading lender by settlement volumes, followed by Homeside, ANZ and the Commonwealth Bank.
The next most popular lenders were St George, Suncorp, Macquarie, ING Direct, Bankwest, Citibank and NAB.
