Mortgage demand on the rise


Angus Luffman of data analytics and credit information company Veda Group Limited (ASX:VED) speaks to FNN about its latest Consumer Credit Demand Index and why mortgage demand is growing.

Mr Luffman says Veda’s data indicates the rising mortgage demand is investor led, with first home buyer enquiries slipping.

He tells FNN where the property hot spots were and where the most mortgage enquiries were emerging from.

Mr Luffman says the figures show although there was an uptick in mortgage enquiries, personal loan and credit card consumer activity appears to be softening.