Housing Finance

  • March 2022

    May 4, 2022

    The value of new home loans (excluding refinancing) rose a seasonally adjusted 1.6% in March, following a 3.5% fall in February, to be up 11.1% over the year. The market expectation had been for a 1.9% monthly fall.

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  • February 2022

    April 1, 2022

    The value of new home loans (excluding refinancing) declined a seasonally adjusted 3.7% in February but remained up 12.6% over the year. The February decline was mainly driven by a 4.7% drop in owner-occupier loans, with loans to first home buyers plunging 9.7%. Loans to investors retreated 1.8% from a record high in January and were up 55.8% over the year.

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  • January 2022

    March 1, 2022

    The value of new home loans (excluding refinancing) rose a seasonally adjusted 2.6% in January, hitting a fresh record high of A$33.7 billion.

    The increase in January was primarily driven by a 6.1% rise in investor loans.

    New owner occupier loans rose 1.0%, although the value of first homebuyer owner-occupier loans fell 5.0%.

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  • December 2021

    February 1, 2022

    The demand for housing credit remained strong at the end of 2021. The value of new home loans (excluding refinancing) rose a seasonally adjusted 4.4% in December, following a 6.3% increase in November, to be up 26.5% from a year earlier.

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  • November 2021

    January 14, 2021

    The value of new home loans (excluding refinancing) rose a seasonally adjusted 6.3% in November 2021, which was the first increase in four months and the strongest gain since January 2021.

    The largest gains were recorded in New South Wales and Victoria which, according to the ABS, corresponds with the easing of COVID-related restrictions in those states in October and November.

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  • October 2021

    December 2, 2021

    The value of new home loans (excluding refinancing) fell a seasonally adjusted 2.5% in October, the fourth decline in the past five months.

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  • September 2021

    November 1, 2021

    The value of new loan commitments for housing (excluding refinancing) fell another 1.4% in September.

    The fall was driven by owner occupier housing loans, while investor loans continued to rise to be just 4.5% below their record high from April 2015.

    Western Australia was one of the states to see a rise in new home loans in September.

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