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Briefs: AFG's low investor volume, ANZ seeks Japan licence

AFG's latest Mortgage Index up to September shows that investor volume is "now sitting at an all-time low of 29 per cent" of AFG's flows. "The number of people looking to refinance has dropped to 25 per cent, whilst those keen to upgrade their living situation is increasing with upgraders now representing 41 per cent of the market:" said AFG CEO David Bailey. ANZ's 48 year old Japanese business hopes to secure a securities licence. Grant Knuckey, chief executive of the Japan business, told the Financial Review ANZ's financial institutions business had grown its client list five-fold in the last two years.

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