Housing Finance

  • July 2022

    September 1, 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.

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  • June 2022

    August 2, 2022

    The value of new home loans (excluding refinancing) fell a seasonally adjusted 4.4% in June, which followed an upwardly revised increase of 1.8%. The fall was broad-based across the loan applicant groups. The value of borrower refinancing of owner-occupier housing loans rose by 9.7% in June, reaching a fresh record high of A$12.7b.

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  • May 2022

    July 4, 2021

    The value of new home loans (excluding refinancing) rose a seasonally adjusted 1.7% in May. According to the ABS, the gain in May reflected clearing of processing backlogs from April, when Easter and ANZAC Day holidays reduced the number of loan applications.

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  • April 2022

    June 3, 2022

    The value of new home loans (excluding refinancing) declined a seasonally adjusted 6.4% in April, the most since May 2020, to be 12.8% down over the year.

    The decline was driven by owner occupier and investment loans, which both saw the largest declines since May 2020.

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  • 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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