The value of new home loans for owner-occupied homes in Australia fell 4.9% MoM to AUD 14.67 billion in January 2023, declining for the eighth consecutive period and coming in worse than forecasts of a 3.5% drop. January’s figure was also 35.1% lower compared to a year ago. Construction of dwellings decreased by 8.9%, the purchase of newly erected dwellings - by 7.3%, and the purchase of existing dwellings - by 3.8%. On a geographical basis, the value of new loan commitments for owner-occupier housing dropped in Victoria (-9.8%), New South Wales (-7.1%), Queensland (-3.5%), Western Australia (-5.4%), South Australia (-4.2%), Tasmania (-4.6%), and Northern Territory (-1.2%). Meanwhile, the Australian Capital Territory saw an increase of 7.2%. source: Australian Bureau of Statistics

Home Loans in Australia averaged 11579.24 AUD Million from 2002 until 2023, reaching an all time high of 22871.20 AUD Million in May of 2021 and a record low of 5980.30 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 March of 2023.

Home Loans in Australia is expected to be 14890.00 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 14600.00 AUD Million in 2024 and 16800.00 AUD Million in 2025, according to our econometric models.

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Australia Home Loans



Calendar GMT Actual Previous Consensus TEForecast
2023-02-03 12:30 AM Dec -4.2% -3.8% -2.75% -2.7%
2023-03-03 12:30 AM Jan -4.9% -4.2% -3.5% -3.0%


Related Last Previous Unit Reference
Building Permits 12065.00 16673.00 Jan 2023
Housing Index 183.90 175.60 points Dec 2021
Home Loans 14668.10 15428.80 AUD Million Jan 2023
Construction Output -0.40 2.20 percent Dec 2022
Home Ownership Rate 66.00 66.20 percent Dec 2020

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
14668.10 15428.80 22871.20 5980.30 2002 - 2023 AUD Million Monthly
SA

News Stream
Australia Home Loans Fall More Than Expected
The value of new home loans for owner-occupied homes in Australia fell 4.9% MoM to AUD 14.67 billion in January 2023, declining for the eighth consecutive period and coming in worse than forecasts of a 3.5% drop. January’s figure was also 35.1% lower compared to a year ago. Construction of dwellings decreased by 8.9%, the purchase of newly erected dwellings - by 7.3%, and the purchase of existing dwellings - by 3.8%. On a geographical basis, the value of new loan commitments for owner-occupier housing dropped in Victoria (-9.8%), New South Wales (-7.1%), Queensland (-3.5%), Western Australia (-5.4%), South Australia (-4.2%), Tasmania (-4.6%), and Northern Territory (-1.2%). Meanwhile, the Australian Capital Territory saw an increase of 7.2%.
2023-03-03
Australia Home Loans Fall for 7th Straight Month
The value of new home loans for owner-occupied homes in Australia fell 4.2% MoM to AUD 15.55 billion in December 2022, declining for the seventh straight month and coming in worse than forecasts of a 2.75% drop. December’s figure was also 29.8% lower compared to a year ago. Construction of dwellings decreased by 4.9%, the purchase of newly erected dwellings - by 1.1%, and the purchase of existing dwellings - by 4.3%. On a geographical basis, the value of new loan commitments for owner-occupier housing fell in New South Wales (-4.2%), Victoria (-3.9%), Queensland (-4.8%), Australian Capital Territory (-13.8%), Western Australia (-1.7%), and South Australia (-1.8%). Meanwhile, the Northern Territory saw an increase of 4%. Tasmania showed no change.
2023-02-03
Australia Home Loans Fall More Than Expected
The value of new home loans for owner-occupied homes in Australia fell 3.8% MoM to AUD 16.4 billion in November 2022, down for a sixth straight month and coming in worse than forecasts for a 3% decline. November’s figure was also 24.8% lower compared to a year ago. Construction of dwellings fell 7%, purchase of newly-erected dwellings dropped 5.5% and purchase of existing dwellings declined 2.7%. On a geographical basis, the value of new loan commitments for owner-occupier housing fell in Victoria (-6%), New South Wales (-3.4%), Western Australia (-3.9%), Queensland (-2.1%), Australian Capital Territory (-5.4%), South Australia (-1.9%), Tasmania (-4.6%) and Norther Territory (-7.4%).
2023-01-13