5601.0 - Lending Indicators, May 2020 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 09/07/2020
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The value of new loan commitments fell for both owner occupiers and investors during May. The value of new loan commitments accepted by investors reached its lowest level since November 2002.
New loan commitments for housing by purpose (seasonally adjusted), monthly growth in value, Australia
May's fall in value of new loan commitments for the purchase of existing dwellings was the largest monthly fall in the series (which starts in July 2002)
New loan commitments for owner occupier housing by purpose (seasonally adjusted), values, Australia
The fall in owner occupier commitments in May was driven by New South Wales and Victoria. Falls were reported for all other states except ACT
New loan commitments for owner occupier housing (seasonally adjusted), values, by state
The fall in new loan commitments for investors was driven by Victoria and New South Wales.
New loan commitments for investor housing (seasonally adjusted), values, by state
The value of loan commitments accepted by owner occupiers remains significantly higher than loan commitments accepted by investors
New loan commitments by purpose and sub-purpose (original), values, Australia, May 2020
There was strong growth in the value of fixed interest rate loans funded in April and May driven by refinancing activity
Housing loan commitments to residents funded* in the month, including internal and external refinancing (original), number, Australia, May 2020
*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.
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