again from macro business "AFG's headline results for March are out and the speculator frenzy has hit an all time high in terms of the proportion of home loans: Two in five new home loans last month were processed for investors according to AFG, Australia’s largest mortgage broker. AFG’s Mortgage Index shows that 39.6% of all mortgages processed in March were for investors – the highest such figure the company has recorded in the seven years it has been reporting mortgage data. A total of 3,384 loans with a total value of $1.6 billion was processed for investors during March by AFG. The company has 11% of the total.. gk.
