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.
- 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.
- 02 Nov 2022 Housing Finance - September 2022
The value of new home loans (excluding refinancing) fell a seasonally adjusted 8.2% in September, slightly more than the 2.5% expected by the markets. New home loans are now 18.5% down through the year. The fall in new home loans in September was broad-based, with all borrower groups seeing a decline both in monthly and annual terms.
- 04 Oct 2022 Housing Finance - August 2022
The value of new home loans (excluding refinancing) fell a seasonally adjusted 3.4% in August, following an 8.5% drop in the previous month. The market consensus was for a 4.0% decline in August. Western Australia was the only mainland state to see a rise in new home loans in August (+7.2%) and recorded the smallest annual decline in loan commitments of all the states (-5.3%).
- 01 Sep 2022 Housing Finance - July 2022
The value of new home loans (excluding refinancing) fell a seasonally adjusted 8.5% in July, following a 4.4% decline in the previous month. The market consensus was for a 2.5% decline in July. The fall was again broad-based across loan applicant groups.