Housing Finance

  • December 2022

    February 3, 2023

    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 as borrowers continued to shop around for lower mortgage rates amid RBA monetary policy tightening.

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  • November 2022

    January 13, 2023

    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.

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  • October 2022

    December 2, 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.

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  • September 2022

    November 2, 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.

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  • August 2022

    October 4, 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%).

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  • 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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