Investment loans reach record high

Media Release

Released

12/11/2025

Source

Lending indicators, September Quarter 2025

Release date and time

12/11/2025 11:30am AEDT

The number of new investment loans rose by 13.6 per cent to 57,624 in September quarter 2025, according to data released today by the Australian Bureau of Statistics (ABS).

Dr Mish Tan, ABS head of finance statistics said, ‘The number of investment loans in the September quarter has increased to its highest level since March Quarter 2022.

‘Falling borrowing costs and low vacancy rates are favourable conditions for investors. Strength of lending for investment also pushed the total value of all new dwelling loans to a record high in September.’

Number of new loan commitments for dwellings (a), seasonally adjusted, Australia
	Total dwellings (seasadj) (no.)	Owner occupier (seasadj) (no.)	Investor (seasadj) (no.)
Sep-15	NA	86,819	NA
Dec-15	NA	86,397	NA
Mar-16	NA	84,638	NA
Jun-16	NA	88,781	NA
Sep-16	NA	82,555	NA
Dec-16	NA	84,157	NA
Mar-17	NA	89,515	NA
Jun-17	NA	90,144	NA
Sep-17	NA	93,187	NA
Dec-17	NA	89,507	NA
Mar-18	NA	87,168	NA
Jun-18	NA	86,752	NA
Sep-18	NA	83,267	NA
Dec-18	NA	80,920	NA
Mar-19	NA	75,314	NA
Jun-19	NA	73,336	NA
Sep-19	108,220	77,061	31,159
Dec-19	111,987	80,517	31,471
Mar-20	109,717	80,137	29,580
Jun-20	94,688	70,543	24,145
Sep-20	119,405	90,187	29,218
Dec-20	135,219	103,304	31,915
Mar-21	157,038	119,246	37,792
Jun-21	157,887	114,551	43,335
Sep-21	157,762	108,208	49,553
Dec-21	156,318	103,844	52,474
Mar-22	153,917	101,130	52,787
Jun-22	141,638	92,566	49,072
Sep-22	128,867	85,488	43,379
Dec-22	117,061	77,684	39,378
Mar-23	110,583	74,022	36,560
Jun-23	115,343	76,337	39,006
Sep-23	115,109	74,978	40,130
Dec-23	123,478	80,254	43,224
Mar-24	121,558	77,786	43,771
Jun-24	132,168	82,114	50,054
Sep-24	133,766	82,445	51,322
Dec-24	132,942	83,952	48,991
Mar-25	129,381	81,482	47,899
Jun-25	132,958	82,240	50,718
Sep-25	141,470	83,846	57,624

Number of new loan commitments for dwellings (a), seasonally adjusted, Australia

[" ","Total dwellings (seasadj)","Owner occupier (seasadj)","Investor (seasadj)"]

[["Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[108220],[111987],[109717],[94688],[119405],[135219],[157038],[157887],[157762],[156318],[153917],[141638],[128867],[117061],[110583],[115343],[115109],[123478],[121558],[132168],[133766],[132942],[129381],[132958],[141470]],[[86819],[86397],[84638],[88781],[82555],[84157],[89515],[90144],[93187],[89507],[87168],[86752],[83267],[80920],[75314],[73336],[77061],[80517],[80137],[70543],[90187],[103304],[119246],[114551],[108208],[103844],[101130],[92566],[85488],[77684],[74022],[76337],[74978],[80254],[77786],[82114],[82445],[83952],[81482],[82240],[83846]],[[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[31159],[31471],[29580],[24145],[29218],[31915],[37792],[43335],[49553],[52474],[52787],[49072],[43379],[39378],[36560],[39006],[40130],[43224],[43771],[50054],[51322],[48991],[47899],[50718],[57624]]]

[]

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All series exclude refinancing.
Some series only commenced collection in the September quarter 2019 with the introduction of the Economic and Financial Statistics collection.
Loan commitments for dwellings includes loans for the purpose of ‘Construction of new dwellings’, ‘Purchase of new dwellings’ and ‘Purchase of existing dwellings’. 'Residential land' and 'Alterations and additions' are available as separate series.

Value of new loan commitments for dwellings (a), seasonally adjusted, Australia
	Total dwellings (seasadj) ($b)	Owner occupier (seasadj) ($b)	Investor (seasadj) ($b)
Sep-15	59.714	36.486	23.229
Dec-15	55.697	36.749	18.948
Mar-16	53.26	34.686	18.575
Jun-16	56.229	35.946	20.283
Sep-16	56.558	34.534	22.024
Dec-16	60.029	35.625	24.405
Mar-17	62.646	37.482	25.165
Jun-17	61.059	38.17	22.888
Sep-17	61.448	39.595	21.853
Dec-17	59.361	38.938	20.423
Mar-18	57.793	38.766	19.026
Jun-18	56.722	38.932	17.79
Sep-18	53.973	37.031	16.942
Dec-18	50.275	35.004	15.272
Mar-19	46.277	32.634	13.643
Jun-19	45.293	32.369	12.925
Sep-19	49.986	35.49	14.497
Dec-19	54.366	39.214	15.152
Mar-20	54.671	39.907	14.764
Jun-20	47.159	34.981	12.177
Sep-20	58.323	44.043	14.279
Dec-20	67.487	51.424	16.064
Mar-21	80.985	60.877	20.108
Jun-21	86.103	62.251	23.852
Sep-21	89.638	61.981	27.658
Dec-21	91.407	60.906	30.501
Mar-22	94.308	61.557	32.75
Jun-22	85.686	56.222	29.464
Sep-22	76.531	51.091	25.44
Dec-22	69.38	46.249	23.131
Mar-23	66.27	43.888	22.381
Jun-23	67.281	44.252	23.03
Sep-23	69.02	44.547	24.474
Dec-23	75.455	48.892	26.563
Mar-24	76.214	47.955	28.26
Jun-24	83.072	51.617	31.456
Sep-24	86.55	53.034	33.516
Dec-24	87.943	55.464	32.478
Mar-25	87.36	54.412	32.948
Jun-25	89.413	55.597	33.816
Sep-25	98.005	58.229	39.777

Value of new loan commitments for dwellings (a), seasonally adjusted, Australia

[" ","Total dwellings (seasadj)","Owner occupier (seasadj)","Investor (seasadj)"]

[["Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[59.714],[55.697],[53.26],[56.229],[56.558],[60.029],[62.646],[61.059],[61.448],[59.361],[57.793],[56.722],[53.973],[50.275],[46.277],[45.293],[49.986],[54.366],[54.671],[47.159],[58.323],[67.487],[80.985],[86.103],[89.638],[91.407],[94.308],[85.686],[76.531],[69.38],[66.27],[67.281],[69.02],[75.455],[76.214],[83.072],[86.55],[87.943],[87.36],[89.413],[98.005]],[[36.486],[36.749],[34.686],[35.946],[34.534],[35.625],[37.482],[38.17],[39.595],[38.938],[38.766],[38.932],[37.031],[35.004],[32.634],[32.369],[35.49],[39.214],[39.907],[34.981],[44.043],[51.424],[60.877],[62.251],[61.981],[60.906],[61.557],[56.222],[51.091],[46.249],[43.888],[44.252],[44.547],[48.892],[47.955],[51.617],[53.034],[55.464],[54.412],[55.597],[58.229]],[[23.229],[18.948],[18.575],[20.283],[22.024],[24.405],[25.165],[22.888],[21.853],[20.423],[19.026],[17.79],[16.942],[15.272],[13.643],[12.925],[14.497],[15.152],[14.764],[12.177],[14.279],[16.064],[20.108],[23.852],[27.658],[30.501],[32.75],[29.464],[25.44],[23.131],[22.381],[23.03],[24.474],[26.563],[28.26],[31.456],[33.516],[32.478],[32.948],[33.816],[39.777]]]

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All series exclude refinancing.
Loan commitments for dwellings includes loans for the purpose of ‘Construction of new dwellings’, ‘Purchase of new dwellings’ and ‘Purchase of existing dwellings’. 'Residential land' and 'Alterations and additions' are available as separate series.

New investment loans reach record numbers and value

There were 57,624 new investment loans approved in the September quarter 2025, a 13.6 per cent (6,906 loans) rise compared to the previous quarter, and growth of 12.3 per cent through the year. The total value of new investment loans was $39.8 billion in the September quarter, a rise of 17.6 per cent ($6.0 billion). The average loan size rose by $11,686 to $685,634 over the quarter.

‘Both the number and the value of new investment loans reached record highs in September,’ Dr Tan said, ‘the number of investment loans has increased since March 2023, with investment loans reaching around 40 per cent of the total of new loans.’

There was growth in the number of investment loans across all states and territories: New South Wales (19.0 per cent), Victoria (18.5 per cent), Queensland (11.9 percent), Western Australia (9.1 per cent), South Australia (7.1 per cent), Australian Capital Territory (27.8 per cent) *, Tasmania (10.6 per cent) and the Northern Territory (5.1 per cent).

New South Wales and Victoria lead rise in owner-occupied loans

There were 83,846 new owner-occupied loans approved in the September quarter 2025, a 2.0 per cent (1,606 loans) rise compared to the previous quarter, and growth of 1.7 per cent through the year. The total value was $58.2 billion in the September quarter, a rise of 4.7 per cent ($2.6 billion). The average loan size rose by $15,873 to $693,801 over the quarter.

The September quarter rise in the number of loans was driven by growth in New South Wales (4.9 per cent), Victoria (2.4 per cent) and the Australian Capital Territory (6.7 per cent).

While growth in the number of loans refinanced between lenders was relatively flat at around 0.1 per cent in the September quarter, refinancing activity is 18.7 per cent higher than this time last year.

First home buyer loans rise by 2.3 per cent

The number of first home buyer owner-occupied loans grew by 667 loans (2.3 per cent) to 29,637 in the September quarter, and 0.9 per cent through the year. There were rises in Victoria (1.4 per cent), New South Wales (0.6 percent), South Australia (1.9 per cent), Tasmania (2.0 per cent) and the Australian Capital Territory (1.0 per cent).

The average loan size for first home buyer owner-occupied loans rose by $5,532 to $560,249.

*The number of investment loans in the Australian Capital Territory is not seasonally adjusted.

Media notes

All figures are seasonally adjusted unless noted otherwise.
Lending Indicators reverted to concurrent seasonal adjustment in the October 2022 release. This method of seasonal adjustment will result in revisions to historical data each month. For more information, see the methodology page
When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
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