The value of new home loans for owner-occupied homes in Australia unexpectedly fell 2.8% month-on-month to A$15.91 billion in June 2023, missing market forecasts of a 1.65% growth, reversing from an upwardly revised 5.1% gain in May. It was the fourth contraction in new home loans so far this year, and the steepest fall since December 2022, as the purchase of newly erected dwellings shrank 1.2% and those of existing dwellings fell 4.4%. Meanwhile, the construction of dwellings increased by 2.5%. On a geographical basis, new loan commitments dropped in New South Wales (-3.9%), Victoria (-1.4%), Tasmania (-12.6%), South Australia (- 3.3%), Australian Capital Territory (-3.0%), and Northern Territory (-0.3%). By contrast, new loan commitments rose in Queensland (0.6%) and Western Australia (-0.04%).On an annual basis, the value of new home loans plunged by 19.9%. . source: Australian Bureau of Statistics

Home Loans in Australia averaged 11666.21 AUD Million from 2002 until 2023, reaching an all time high of 22781.30 AUD Million in May of 2021 and a record low of 5980.90 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 2023.

Home Loans in Australia is expected to be 14500.00 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 Reference Actual Previous Consensus TEForecast
2023-07-03 01:30 AM May 4% -1.4% 4.0%
2023-08-01 01:30 AM Jun -2.8% 5.1% 1.65% 1.2%


Related Last Previous Unit Reference
Building Permits 12668.00 13790.00 Jul 2023
Housing Index 183.90 175.60 points Dec 2021
Home Loans 15910.00 16376.60 AUD Million Jun 2023
Construction Output 0.40 3.80 percent Jun 2023
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
15910.00 16376.60 22781.30 5980.90 2002 - 2023 AUD Million Monthly
SA

News Stream
Australia Home Loans Unexpectedly Drop in June
The value of new home loans for owner-occupied homes in Australia unexpectedly fell 2.8% month-on-month to A$15.91 billion in June 2023, missing market forecasts of a 1.65% growth, reversing from an upwardly revised 5.1% gain in May. It was the fourth contraction in new home loans so far this year, and the steepest fall since December 2022, as the purchase of newly erected dwellings shrank 1.2% and those of existing dwellings fell 4.4%. Meanwhile, the construction of dwellings increased by 2.5%. On a geographical basis, new loan commitments dropped in New South Wales (-3.9%), Victoria (-1.4%), Tasmania (-12.6%), South Australia (- 3.3%), Australian Capital Territory (-3.0%), and Northern Territory (-0.3%). By contrast, new loan commitments rose in Queensland (0.6%) and Western Australia (-0.04%).On an annual basis, the value of new home loans plunged by 19.9%.
2023-08-01
Australia Home Loans Rise 4% in May
The value of new home loans for owner-occupied homes in Australia rose 4% month-on-month to A$16.37 billion in May 2023, reversing a 3.8% decline in April. Construction of dwellings increased 4.1%, purchase of newly erected dwellings gained 4.7% and purchase of existing dwellings jumped 4.2%. On a geographical basis, new loan commitments increased in New South Wales (9.9%), Victoria (5.1%), Western Australia (4.4%), Queensland (1.9%), Tasmania (9.6%), South Australia (0.8%), Northern Territory (7.2%) and Australian Capital Territory (0.3%).
2023-07-03
Australia Home Loans Unexpectedly Fall
The value of new home loans for owner-occupied homes in Australia unexpectedly dropped by 3.8% month-over-month to A$15.40 billion in April 2023, missing market forecasts of a 3% growth and swinging from an increase in the prior month. Construction of dwellings plunged by 7.7%, while the purchase of existing dwellings declined by 3.4% and that of newly erected dwellings was down by 2.9%. Across states and territories, new loan commitments decreased in Northern Territory (-20.6%), followed by the Australian Capital Territory (-5.3%), New South Wales (-5.1%), Victoria (-1.9%), Queensland (-1.8%), Western Australia (-1%), and Tasmania (-0.1%), while were almost flat in South Australia. On an annual basis, the value of new home loans tumbled by 25.8%.
2023-06-02