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PEXA Mortgage Insights

March 2022 Quarter

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Mortgage highlights

New loan volumes were largely unchanged in the Mar-22 quarter

When compared the corresponding period a year ago, remaining at historically high levels. VIC recorded the most new loans at 38,619, edging out QLD (36,814) and NSW (35,303).

Download the PEXA Mortgage Insights Report – Quarter to March 2022

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Refinances on the other hand were well up on the prior year.

All states posted significant year-on year increases led by WA (+53.5%) and QLD (+42.6%) as property owners continued to refinance at high levels, motivated to take advantage of record low interest rates. 

Download the PEXA Mortgage Insights Report – Quarter to March 2022

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Postcode 3029 (Truganina VIC) topped the country for both new loans and refinances in the Mar-22 qtr.

The outer western suburb of Melbourne recorded over 1,000 new loans and refinances during the quarter.

Download the PEXA Mortgage Insights Report – Quarter to March 2022

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Overview

This PEXA Insights report aims to provide a comprehensive view of mortgages in Australia, using the unique data captured in the PEXA digital property exchange. This analysis only includes transfers and refinances lodged digitally via PEXA and excludes any paper based lodgments. As of Mar-22, over 85% of transfers and 95% of all refinances nationally were lodged via PEXA. 

Methodology

This report covers they key states of NSW, VIC, QLD & WA and both residential and commercial property unless otherwise specified (our analysis excludes SA, TAS, ACT & NT). Refinance numbers reported only include external refinances (where the home loan is refinanced with a different lender) and exclude internal refinances (where the home loan is refinanced with the same lender).

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