Lending indicators

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This release is about new borrower-accepted finance commitments for housing, personal and business loans

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Reference period
June 2022
Released
2/08/2022
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Key statistics

In June 2022 in seasonally adjusted terms, the value of new loan commitments:

  • fell 4.4% for housing
  • fell 15.2% for personal fixed term loans
  • rose 7.7% for business construction (a typically volatile series)
  • fell 19.4% for business purchase of property (a typically volatile series)

Value of new borrower-accepted loan commitments (seasonally adjusted)

  Jun-2022 ($b) Month percent change (%) Year percent change (%)
Households      
 Housing 30.97 -4.4 -2.0
  Owner Occupier (a) 20.50 -3.3 -9.6
  Investor (a) 10.48 -6.3 17.3
 Personal      
  Fixed term loans 1.95 -15.2 10.4
Businesses      
 Construction 2.29 7.7 32.7
 Purchase of Property 5.84 -19.4 -11.9

(a) Loan commitments for owner occupier, investor housing and personal fixed term loans exclude refinancing.

Important data quality notes

     

Housing finance

In June 2022 in seasonally adjusted terms, the value of new loan commitments:

  • for total housing fell 4.4% to $31.0b, close to the level seen in September 2021
  • for owner-occupier housing fell 3.3% to $20.5b but remained 50.2% higher than the pre-pandemic level seen in February 2020
  • for investor housing fell 6.3% to $10.5b but remained 101.0% higher than the pre-pandemic level seen in February 2020

New loan commitments, total housing (seasonally adjusted), values, Australia

New loan commitments, total housing (seasonally adjusted), values, Australia

Line chart with 3 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 4.18 to 33.2.
End of interactive chart.

In June 2022 in seasonally adjusted terms, the value of external refinancing:

  • for total housing rose 6.2% and was 17.8% higher compared to a year ago
  • for owner-occupier housing rose 9.7% to a new record high of $12.7 billion. It was 24.6% higher compared to a year ago.
  • for investor housing fell 1.2% but was 4.6% higher compared to a year ago

External refinancing (seasonally adjusted), values, Australia

External refinancing (seasonally adjusted), values, Australia

Line chart with 3 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.707 to 18.157.
End of interactive chart.

Personal finance

In June 2022 in seasonally adjusted terms, the value of new loan commitments:

  • for total fixed term personal finance fell 15.2%, the largest fall in the series with the exception of April 2020
  • for the purchase of road vehicles fell 14.4%, the largest fall in the series with the exception of April 2020
  • for personal investment fell 37.1%, the largest fall since June 2020

New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia - larger purposes

New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia - larger purposes

Line chart with 4 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.123 to 2.302.
End of interactive chart.

New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia - smaller purposes

New loan commitments, personal fixed term loans (seasonally adjusted), values, Australia - smaller purposes

Line chart with 4 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.002 to 0.296.
End of interactive chart.

Business finance

In June 2022 in seasonally adjusted terms, the value of new loan commitments:

  • for total construction finance rose 7.7%, after a fall of 3.5% in May
  • for the purchase of property fell 19.4%, after a rise of 19.5% in May. This series has begun trending down in recent months after an upward trend through 2021.

New loan commitments, business finance by purpose (seasonally adjusted), values, Australia

New loan commitments, business finance by purpose (seasonally adjusted), values, Australia

Line chart with 2 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.692 to 8.322.
End of interactive chart.

Housing finance (detailed)

New loan commitments by purpose (seasonally adjusted)

  Jun-2022 Month percent change Year percent change
Value ($b) (%) (%)
 Owner occupier      
  Total housing (a) 20.50 -3.3 -9.6
   Construction of dwellings 2.43 2.2 -5.8
   Purchase of newly erected dwellings 1.16 -2.7 -29.2
   Purchase of existing dwellings 15.46 -4.4 -9.2
  First home buyers 4.49 -10.0 -29.0
 Investor      
  Total housing (a) 10.48 -6.3 17.3
       
Number (No.) (%) (%)
 Owner occupier      
  Total housing (a) (b)      
   Construction of dwellings 4 436 2.6 -25.9
   Purchase of newly erected dwellings 1 912 -7.8 -35.6
   Purchase of existing dwellings 24 895 -3.0 -16.2
  First home buyers 9 393 -8.0 -32.2
 Investor      
  Total housing (a) (b)      

(a) Housing includes loan commitments for dwellings, purchase of residential land and for alterations and additions.
(b) There is no seasonally adjusted or trend data available for the number of owner occupiers or investors for total housing as the data was collected from July 2019.

 

In June 2022 in seasonally adjusted terms, the value of new loan commitments:

  • to owner-occupiers fell 3.3%, after a rise of 2.2% in May
  • to investors fell 6.3%, after a rise 0.9% in May

New loan commitments for housing by purpose (seasonally adjusted), monthly growth in value, Australia

New loan commitments for housing by purpose (seasonally adjusted), monthly growth in value, Australia

Bar chart with 2 data series.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying % month-on-month movement. Data ranges from -6.3 to 13.6.
End of interactive chart.

  

In June 2022 in seasonally adjusted terms for owner-occupier housing, the value of new loan commitments:

  • for the purchase of existing dwellings fell 4.4% and was 9.2% lower compared to a year ago
  • for the purchase of new dwellings fell 2.7% and was 29.2% lower compared to a year ago
  • for the construction of new dwellings rose 2.2% but was 5.8% lower compared to a year ago

New loan commitments for owner occupier housing by purpose (seasonally adjusted), values, Australia

New loan commitments for owner occupier housing by purpose (seasonally adjusted), values, Australia

Line chart with 5 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.183 to 17.142.
End of interactive chart.

(a) For periods prior to July 2019, statistics about owner occupier commitments for residential land are modelled using data about the total value of  commitments for residential land.

* Hide/unhide series in the graph by clicking the legend above (toggle the 'purchase of existing dwellings' series for a closer look at the other purposes of owner occupier lending).

 

In June 2022 in seasonally adjusted terms for owner-occupier housing, the value of new loan commitments:

  • in Victoria fell 7.1%, in New South Wales fell 2.0%, in Western Australia fell 4.7%, in the Australian Capital Territory fell 6.2% and in Tasmania fell 5.1%
  • in Queensland remained flat
  • in South Australia rose 2.2% and in the Northern Territory (a smaller and typically more volatile series) rose 22.1%

New loan commitments for owner occupier housing (seasonally adjusted), values, by state

New loan commitments for owner occupier housing (seasonally adjusted), values, by state

Line chart with 8 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.052 to 7.911.
End of interactive chart.

  

In June 2022 in seasonally adjusted terms for investor housing, the value of new loan commitments:

  • in New South Wales fell 10.5%, in Victoria fell 3.4%, in Western Australia fell 10.6%, in Queensland fell 2.6%, in South Australia fell 3.2% and in the Australian Capital Territory fell 4.3%
  • in the Northern Territory (a smaller and typically more volatile series) rose 21.6%, and in Tasmania rose 1.4%

New loan commitments for investor housing (seasonally adjusted), values, by state

New loan commitments for investor housing (seasonally adjusted), values, by state

Line chart with 8 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.007 to 4.466.
End of interactive chart.

In June 2022, in original terms:

  • the value of new variable rate loan commitments funded in the month rose 5.3%
  • the value of new variable rate loan commitments to first home buyers funded in the month rose 3.3%
  • the value of new fixed rate loan commitments funded in the month fell 20.8%
  • the value of new fixed rate loan commitments to first home buyers funded in the month fell 30.7%

Loan commitments to residents funded* in the month, including internal and external refinancing (original), value, Australia

Loan commitments to residents funded* in the month, including internal and external refinancing (original), value, Australia

Line chart with 4 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ billions. Data ranges from 0.619 to 52.447.
End of interactive chart.

*A loan is considered funded once any portion of the funds is made available for the borrower to draw down according to the terms of the contract. This will occur after there is a borrower-accepted commitment to provide finance.

**Total Fixed rate and Total Variable rate housing loans include first home buyer loans

In June 2022 in original terms, average loan sizes for owner-occupier dwellings (which includes construction and the purchase of new and existing dwellings):

  • fell 0.9% at the national level from $615k to $610k
  • fell in New South Wales, Victoria, Queensland and Tasmania
  • rose in all other states

In seasonally adjusted terms at the national level, the value of owner-occupier dwelling commitments fell 3.5% while the number of these commitments fell 2.6%.

Average loan sizes for owner-occupier dwellings (original), by state

Average loan sizes for owner-occupier dwellings (original), by state

Line chart with 9 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying $ thousands. Data ranges from 148.193 to 803.235.
End of interactive chart.

*Please note that while the series graphed above are joined between the available data points, there may be missing data points in between which are not available for publication

First home buyers

In June 2022 in seasonally adjusted terms for owner-occupier first home buyers, the number of new loan commitments:

  • fell 8.0% at the national level and was 32.2% lower compared to a year ago. The level was close to that seen pre-pandemic in February 2020.

  • in Victoria fell 11.2%, in New South Wales fell 9.4%, in Western Australia fell 13.8%, in the Australian Capital Territory fell 15.0%, in Queensland fell 1.3%, in the Northern Territory (a smaller and typically more volatile series) fell 21.5% and in South Australia fell 1.9%

  • in Tasmania rose 5.5%

  

New loan commitments to owner occupier first home buyers (original), number

  First home buyer loan commitments
Number		 First home buyer ratio
Dwellings (a)		 First home buyer ratio
Housing (b)
Total Australia 9 580 29.9% 24.9%
 New South Wales 2 065 26.1% 21.4%
 Victoria 3 200 34.2% 28.7%
 Queensland 1 913 27.9% 22.7%
 South Australia 630 25.9% 21.0%
 Western Australia 1 287 33.9% 29.8%
 Tasmania 168 29.5% 23.3%
 Northern Territory 68 28.6% 24.3%
 Australian Capital Territory 249 30.4% 27.2%

(a) Dwellings includes loan commitments for construction of dwellings, purchase of newly erected dwellings and purchase of existing dwellings.

(b) Housing includes loan commitments for dwellings, purchase of residential land and for alterations and additions.

New loan commitments to owner occupier first home buyers (seasonally adjusted), number, Australia

New loan commitments to owner occupier first home buyers (seasonally adjusted), number, Australia

Line chart with 217 data points.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying Number of commitments. Data ranges from 6160 to 16753.
End of interactive chart.

  

New loan commitments to owner occupier first home buyers (seasonally adjusted), number, by state

New loan commitments to owner occupier first home buyers (seasonally adjusted), number, by state

Line chart with 8 lines.
The chart has 1 X axis displaying .
The chart has 1 Y axis displaying Number of commitments. Data ranges from 27 to 5188.
End of interactive chart.

Data downloads

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Housing Finance - Total

Data files

  • Table 1. Households; Housing finance; Total housing; By property purpose; New loan commitments; Values

    Download xlsx [97.16 KB]

  • Table 2. Households; Housing finance; Total housing; By property purpose; By lender type; New loan commitments; Values

    Download xlsx [251.47 KB]

   

Download all (792.46 KB)

Housing Finance - Owner-occupiers

Data files

  • Table 3. Households; Housing finance; Owner occupiers; By detailed purpose; New loan commitments; Numbers and values

    Download xlsx [171.09 KB]

  • Table 4. Households; Housing finance; Owner occupiers; Total housing excluding refinancing; By state; New loan commitments; Numbers and values

    Download xlsx [157.86 KB]

  • Table 5. Households; Housing finance; Owner occupiers; By detailed purpose; New loan commitments; New South Wales; Numbers and values

    Download xlsx [68.63 KB]

  • Table 6. Households; Housing finance; Owner occupiers; By detailed purpose; New loan commitments; Victoria; Numbers and values

    Download xlsx [68.52 KB]

  • Table 7. Households; Housing finance; Owner occupiers; By detailed purpose; New loan commitments; Queensland; Numbers and values

    Download xlsx [68.47 KB]

  • Table 8. Households; Housing finance; Owner occupiers; By detailed purpose; New loan commitments; South Australia; Numbers and values

    Download xlsx [67.54 KB]

   

Download all (631.99 KB)

Housing Finance - Investors

Data files

  • Table 13. Households; Housing finance; Investors; By detailed purpose; New loan commitments; Numbers and values

    Download xlsx [77.39 KB]

  • Table 14. Households; Housing finance; Investors; Total housing excluding refinancing; By state; New loan commitments; Numbers and values

    Download xlsx [156.76 KB]

  • Table 15. Households; Housing finance; Investors; By detailed purpose; New loan commitments; New South Wales; Numbers and values

    Download xlsx [57.07 KB]

  • Table 16. Households; Housing finance; Investors; By detailed purpose; New loan commitments; Victoria; Numbers and values

    Download xlsx [57.04 KB]

  • Table 17. Households; Housing finance; Investors; By detailed purpose; New loan commitments; Queensland; Numbers and values

    Download xlsx [56.82 KB]

  • Table 18. Households; Housing finance; Investors; By detailed purpose; New loan commitments; South Australia; Numbers and values

    Download xlsx [56.37 KB]

  

Previous catalogue number

This release previously used catalogue number 5601.0.

Methodology

Lending Indicators methodology, June 2022

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