Veda Advantage today reported its strongest demand for credit in years. However, the mortgage demand is focussed on only two states - WA and NSW:
"Mortgage enquiries were strongest in WA (+12.7%), followed by NSW (+5.1%) and SA (+3.7%). Mortgage enquiries decreased in TAS (-8.5%), QLD (-5.3%) and VIC (-1.1%), with the pace of decline in mortgage enquiries worsening in each of these states in the March quarter. There was also weakness in the ACT (-4.8%), while the growth in mortgage enquiries has levelled out in the NT (+0.7%) after a period of strength in late 2012."