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.