However, some states are faring much better than others:
"Mortgage figures for June published today by AFG, Australia's largest mortgage broker, show that while some states surged ahead during the last financial year, others are struggling.
Overall, national mortgage sales were up 17% in June 2013 compared to the same month last year. Leading the pack was WA, up 30% followed by VIC (25.8%) and NSW (19.9%).
But QLD sales for June were 2.7% lower than in June 2012, and SA figures were 10.3% lower."
This is being reflected in strong property price growth in Sydney and Perth.