The value of new loans granted for owner-occupied homes in Australia decreased by 3.3 percent from the previous month to AUD 20.50 billion in June 2022, compared with market forecasts of a 3.0 percent fall and reversing from a 2.1 percent rise in May. The decline mainly linked to falls in both purchases of newly erected dwellings (-2.7 percent vs 2.3 percent in May) and purchases of existing ones (-4.4 percent vs 0.3 percent). “Even with the June falls, the value of new owner-occupier loan commitments remained 50 percent higher than the pre-pandemic level in February 2020, and the value of new investor loan commitments remained 101 percent higher," said Katherine Keenan, ABS head of Finance and Wealth. On a yearly basis, the value of these loan commitments fell 9.6 percent. Meantime, the value of new loan commitments for total housing went fell 4.4 percent but remained at a historically elevated level of AUD 31.0 billion. source: Australian Bureau of Statistics

Home Loans in Australia averaged 11428.60 AUD Million from 2002 until 2022, reaching an all time high of 23437.40 AUD Million in May of 2021 and a record low of 5986.30 AUD Million in August of 2002. This page provides - Australia Home Loans- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Home Loans - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Home Loans in Australia is expected to be 22000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Home Loans is projected to trend around 20000.00 AUD Million in 2023, according to our econometric models.

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Australia Home Loans

Related Last Previous Unit Reference
Building Permits -0.70 11.20 percent Jun 2022
Housing Index 183.90 175.60 points Dec 2021
Home Loans 20500.00 21184.90 AUD Million Jun 2022
Construction Output -0.90 0.60 percent Mar 2022
Home Ownership Rate 66.20 67.50 percent Dec 2018

Australia Home Loans
In Australia, Home Loans record the value of new loans granted for owner-occupied homes. A housing unit is said to be owner-occupied if the owner or co-owner lives in the unit. It is a leading indicator of demand in the housing market.
Actual Previous Highest Lowest Dates Unit Frequency
20500.00 21184.90 23437.40 5986.30 2002 - 2022 AUD Million Monthly