--- title: AFG reports solid quarter as majors take a tumble description: "Every quarter we release our index report which highlights the national lending data. In our latest report, our CEO David Bailey explained that our company’s brokers had come through a period of record volumes and had delivered outstanding support to their customers." image: https://afgonline-com-au-2946851.hs-sites.com/hubfs/PM%20Update%20Images/pm-update_industry-update-4.jpg --- # AFG reports solid quarter as majors take a tumble [ AFG ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/author/afg) 5 May 2022 12:22:56 PM ![](https://afgonline-com-au-2946851.hs-sites.com/hubfs/PM%20Update%20Images/pm-update_industry-update-4.jpg) Every quarter we release our index report which highlights the national lending data. In our latest report, our CEO David Bailey explained that our company’s brokers had come through a period of record volumes and had delivered outstanding support to their customers. “The traditionally quieter new year period was marked by strong customer demand with homebuyers navigating the end of ‘cheap money’ as the big banks’ Term Funding Facility came to an end.” “As a result, fixed rate volumes have plummeted,” he said. “The record low interest rate environment is over, and as lenders evaluate their future funding costs, they have been increasing fixed rates. The percentage of people choosing to fix their home loan has dropped from highs of 38.2% in Q1 22 to now be down to 20%. This is the lowest it has been in two years.” “This activity saw the market share of the country’s major lenders and their associated brands drop from 53.5% last quarter to 50.8% by the end of March 2022, the lowest level recorded in our time series. Key points: - The average loan size is down by $8,409 on last quarter to $615,668 - Loan to Value Ratio (LVR) has also dropped to 66.8% - Upgraders were once again the drivers of most of the activity at 44% of lodgements - Investor loans maintained their level from the prior quarter, at 26% - First home buyers fell by 5% on the same period last year [Read more here](https://www.afgonline.com.au/afg-reports-solid-quarter-as-majors-take-a-tumble/). [Industry Update](http://afgonline-com-au-2946851.hs-sites.com/pm-update/tag/industry-update) [1 May 2023 4:53:41 PM AFG Quarterly Index - Customer and Lender Landscape ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/afg-quarterly-index-customer-and-lender-landscape) [21 June 2024 3:23:42 PM Get ready for tax time with the commission breakdown report ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/get-ready-for-tax-time-with-the-commission-breakdown-report) [11 December 2023 4:05:00 PM How can I export my customer details to create a holiday card list? ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/how-can-i-export-my-customer-details-to-create-a-holiday-card-list) ## Recommended Articles [![Cyber security matters](https://afgonline-com-au-2946851.hs-sites.com/hubfs/PM%20Update%20Images/pm-update_tools-and-resources-5.jpg) Cyber security matters ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/cyber-security-matters) [![The top three things you can do to make the most out of your SMART website](https://afgonline-com-au-2946851.hs-sites.com/hubfs/PM%20Update%20Images/pm-update_tools-and-resources-5.jpg) The top three things you can do to make the most out of your SMART website ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/the-top-three-things-you-can-do-to-make-the-most-out-of-your-smart-website) ## Stay up to date with the latest updates View all of the latest articles to help enable you to grow and succeed as a mortgage broker with AFG. [ View all ](https://afgonline-com-au-2946851.hs-sites.com/pm-update)