Tasmanian mortgage applications up 22.6 per cent over March quarter

Consumer credit agency Equifax says that mortgage applications and personal loan applications have grown substantially in Tasmania over the March quarter.
Consumer credit agency Equifax says that mortgage applications and personal loan applications have grown substantially in Tasmania over the March quarter.

Mortgage applications in Tasmania grew by more than one-fifth over the March quarter, according to consumer credit reporting agency Equifax.

In their most recent quarterly report, the agency reported application in Tasmania was 22.6 per cent – far above the next highest region ACT with 12.2 per cent.

Western Australia sunk by 12.3 per cent.

Angus Luffman, of Equifax, said mortgage demand in Tasmania had filtered through to house prices with Hobart, in particular, experiencing an 8-per-cent growth in the median price over 12 months to December 2016.

Tasmania had the second highest growth in personal loan applications, behind South Australia, for the March quarter at 14.1 per cent.