The value of new loans granted for owner-occupied homes in Australia sank 9.3 percent from the previous month to AUD 16.81 billion in September 2022, worse than market forecasts of a 2.65 percent fall and after a 2.7 percent fall in August. Construction of dwellings plunged 12.4% after growing 1.4% a month earlier, along with purchases of existing dwellings (-8.7% vs -2.8%) and those of newly erected homes (-6.0% vs -11.3%). Meantime, the value of new loan commitments for housing slumped 8.25% to AUD 25.1 billion in September, after a 3.4% decline in August. "Although housing lending has fallen for four consecutive months, the value of loan commitments in September remained well above pre-pandemic levels. Owner-occupier loans in September were 23% higher than in February 2020, while investor loans were 60% higher,” said Katherine Keenan, ABS head of Finance and Wealth. source: Australian Bureau of Statistics
Home Loans in Australia averaged 11506.52 AUD Million from 2002 until 2022, reaching an all time high of 23467.50 AUD Million in May of 2021 and a record low of 5982.60 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 November of 2022.
Home Loans in Australia is expected to be 19000.00 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 18000.00 AUD Million in 2023 and 20000.00 AUD Million in 2024, according to our econometric models.