This note presents an overview and commentary on new loan commitments provided for the purpose of housing. Data includes new loans and refinancing to both owner occupiers and investors and includes a snapshot of individual states around Australia.
- 01 Sep 2023 Housing Finance July 2023
The value of new home loans (excluding refinancing) fell a seasonally adjusted 1.2% in July, against market expectations for a flat result. This followed a 1.6% decline in June and was the second decline in a row after a sharp rise in May.
- 01 Aug 2023 Housing Finance June 2023
The value of new home loans declined a seasonally adjusted 1.0% in June, against market expectations of a 1.8% increase.
- 03 Jul 2023 Housing Finance May 2023
The value of new home loans (excluding refinancing) rose a seasonally adjusted 4.8% in May (exp. 1.4%) following a 1.0% fall in April (revised from a -2.9% decline).
- 02 Jun 2023 Housing Finance April 2023
The value of new home loans (excluding refinancing) fell a seasonally adjusted 2.9% in April, against market expectations of a 2.0% gain. The April decline in new home loans was broad-based.
- 05 May 2023 Housing Finance March 2023
The value of new home loans (excluding refinancing) rose a seasonally adjusted 4.9% in March, against market expectations of a 0.4% decline. The rise was broad-based, with new home buyer loans surging 12.3%.
- 03 Apr 2023 Housing Finance February 2023
The value of new home loans (excluding refinancing) declined by 0.9% in February, less than the 1.5% expected by the markets. The pace of decline was slower than in the previous month.
- 03 Mar 2023 Housing Finance - January 2023
The value of new home loans (excluding refinancing) fell a seasonally adjusted 5.3% in January (mkt exp.: -3.0%), following a 4.3% fall in December. This was the 12th consecutive drop in the value of new home loans, with the 35% annual decline the biggest in the series that goes back to 2002.
- 03 Feb 2023 Housing Finance - December 2022
The value of new home loans (excluding refinancing) fell a seasonally adjusted 4.3% in December, which was more than the 2.8% envisaged by the market consensus. The fall in new home loans in December was again broad-based, with all borrower groups seeing declines both in monthly and annual terms. Refinancing ebbed from record levels from November but remained elevated.
- 13 Jan 2023 Housing Finance - November 2022
The value of new home loans (excluding refinancing) fell a seasonally adjusted 3.7% in November, which was more than the 2.0% envisaged by the market consensus. The fall in new home loans in November was again broad-based, with all borrower groups seeing a decline both in monthly and annual terms.
- 02 Dec 2022 Housing Finance - October 2022
The value of new home loans (excluding refinancing) fell a seasonally adjusted 2.7% in October, slightly more than the 2.5% expected by the markets.