Article: Property sales warning.

Jul 04, 2005 (Herald Sun - ABIX via COMTEX)

Australian Finance Group (AFG) has released new data which highlight the downturn in the Victorian residential property market. Mortgage sales fell by 10.3 per cent, compared with a nine per cent slump nationally. A total of 1,304 mortgages were approved in Victoria during the month, compared with 1,455 previously. Property investors accounted for just 17.2 per cent of mortgage loans, down from 23.5 per cent in May. AFG's Malcolm Watkins ...

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