New housing loan commitments rose 4.8% in May

Media Release

Released

3/07/2023

Source

Lending indicators, May 2023

Release date and time

03/07/2023 11:30am AEST

The value of new loan commitments for housing rose 4.8 per cent to $24.9 billion in May 2023, after a fall of 1.0 per cent in the previous month, according to data released today by the Australian Bureau of Statistics (ABS).

New loan commitments, total housing excluding refinancing (seasonally adjusted and trend), values, Australia
	Total (seasadj) ($b)	Owner occupier (seasadj) ($b)	Investor (seasadj) ($b)	Total (trend) ($b)	Owner occupier (trend) ($b)	Investor (trend) ($b)
May-05	12.741	8.023	4.718	13.026	8.113	4.914
Jun-05	12.641	8.153	4.488	12.939	8.142	4.797
Jul-05	12.841	8.085	4.757	12.978	8.229	4.75
Aug-05	12.896	8.306	4.59	13.15	8.363	4.787
Sep-05	13.528	8.644	4.885	13.411	8.519	4.891
Oct-05	14.037	8.716	5.321	13.69	8.671	5.019
Nov-05	14.057	8.851	5.206	13.929	8.804	5.125
Dec-05	14.036	8.879	5.157	14.122	8.924	5.197
Jan-06	14.259	8.956	5.303	14.292	9.04	5.252
Feb-06	14.431	9.179	5.252	14.462	9.161	5.302
Mar-06	14.542	9.27	5.272	14.663	9.295	5.368
Apr-06	14.772	9.45	5.322	14.872	9.422	5.45
May-06	15.223	9.502	5.72	15.025	9.51	5.516
Jun-06	15.499	9.516	5.983	15.062	9.535	5.528
Jul-06	15.282	9.789	5.493	14.966	9.498	5.468
Aug-06	15.006	9.493	5.513	14.772	9.422	5.35
Sep-06	14.16	9.17	4.991	14.557	9.343	5.214
Oct-06	14.332	9.276	5.056	14.416	9.298	5.118
Nov-06	14.205	9.233	4.973	14.42	9.316	5.104
Dec-06	14.586	9.401	5.185	14.6	9.411	5.19
Jan-07	14.956	9.578	5.378	14.948	9.587	5.361
Feb-07	15.401	9.767	5.634	15.423	9.823	5.6
Mar-07	15.916	10.08	5.836	15.951	10.085	5.866
Apr-07	16.312	10.27	6.042	16.465	10.35	6.115
May-07	17.112	10.694	6.418	16.905	10.594	6.311
Jun-07	18.252	11.342	6.91	17.22	10.789	6.431
Jul-07	17.419	10.784	6.635	17.389	10.915	6.474
Aug-07	17.433	11.054	6.378	17.414	10.956	6.458
Sep-07	16.756	10.447	6.308	17.33	10.922	6.408
Oct-07	16.87	10.77	6.1	17.162	10.82	6.342
Nov-07	16.995	10.66	6.335	16.91	10.648	6.262
Dec-07	16.544	10.358	6.186	16.544	10.395	6.149
Jan-08	16.879	10.785	6.094	16.028	10.052	5.975
Feb-08	15.687	9.911	5.775	15.376	9.64	5.736
Mar-08	14.559	9.145	5.414	14.647	9.198	5.448
Apr-08	13.869	8.704	5.165	13.932	8.769	5.163
May-08	12.992	8.197	4.795	13.336	8.407	4.929
Jun-08	12.944	8.196	4.748	12.935	8.162	4.774
Jul-08	12.784	8.134	4.649	12.739	8.053	4.687
Aug-08	12.623	7.963	4.66	12.735	8.087	4.648
Sep-08	12.979	8.246	4.733	12.888	8.259	4.629
Oct-08	13.388	8.561	4.827	13.171	8.562	4.609
Nov-08	13.044	8.55	4.494	13.59	9.002	4.588
Dec-08	13.92	9.372	4.548	14.134	9.555	4.579
Jan-09	14.882	10.223	4.659	14.774	10.173	4.6
Feb-09	15.365	10.782	4.583	15.441	10.78	4.661
Mar-09	16.713	11.97	4.742	16.06	11.292	4.768
Apr-09	17.023	11.926	5.097	16.572	11.658	4.914
May-09	16.858	11.833	5.025	16.95	11.868	5.083
Jun-09	17.203	11.967	5.236	17.206	11.943	5.263
Jul-09	17.216	11.772	5.444	17.366	11.921	5.445
Aug-09	17.328	11.627	5.701	17.434	11.824	5.609
Sep-09	17.89	12.186	5.704	17.387	11.648	5.738
Oct-09	17.606	11.8	5.805	17.217	11.389	5.828
Nov-09	17.073	11.087	5.985	16.92	11.043	5.877
Dec-09	16.486	10.6	5.885	16.536	10.641	5.894
Jan-10	15.944	10.112	5.832	16.138	10.234	5.904
Feb-10	15.668	9.794	5.874	15.791	9.873	5.918
Mar-10	15.555	9.605	5.95	15.536	9.6	5.936
Apr-10	15.262	9.358	5.904	15.365	9.422	5.944
May-10	15.418	9.435	5.983	15.241	9.314	5.927
Jun-10	15.118	9.128	5.99	15.121	9.248	5.873
Jul-10	15.039	9.287	5.752	14.995	9.211	5.785
Aug-10	14.62	9.227	5.392	14.867	9.194	5.673
Sep-10	14.626	9.148	5.478	14.749	9.192	5.557
Oct-10	14.653	9.16	5.493	14.637	9.187	5.45
Nov-10	14.711	9.325	5.386	14.52	9.165	5.355
Dec-10	15.019	9.439	5.58	14.396	9.123	5.273
Jan-11	14.156	9.014	5.143	14.267	9.066	5.2
Feb-11	14.064	8.873	5.191	14.15	9.013	5.137
Mar-11	13.627	8.829	4.798	14.066	8.977	5.089
Apr-11	13.997	9.002	4.995	14.031	8.967	5.064
May-11	14.235	9.087	5.148	14.037	8.977	5.06
Jun-11	14.135	9.094	5.04	14.053	8.99	5.063
Jul-11	14.084	9.034	5.05	14.059	8.991	5.068
Aug-11	14.171	9.041	5.13	14.053	8.976	5.077
Sep-11	13.933	8.795	5.138	14.059	8.961	5.098
Oct-11	13.86	8.862	4.999	14.087	8.953	5.134
Nov-11	14.049	8.967	5.082	14.139	8.949	5.19
Dec-11	14.716	9.392	5.324	14.199	8.943	5.256
Jan-12	14.769	9.395	5.374	14.253	8.934	5.319
Feb-12	14.085	8.684	5.402	14.301	8.929	5.373
Mar-12	14.09	8.701	5.389	14.347	8.939	5.408
Apr-12	14.346	8.925	5.421	14.409	8.982	5.427
May-12	14.508	9.111	5.397	14.502	9.067	5.435
Jun-12	14.735	9.248	5.487	14.623	9.177	5.445
Jul-12	14.774	9.278	5.497	14.743	9.281	5.462
Aug-12	14.867	9.435	5.432	14.848	9.358	5.49
Sep-12	15.106	9.501	5.605	14.94	9.404	5.537
Oct-12	14.908	9.387	5.52	15.057	9.442	5.615
Nov-12	15.184	9.43	5.753	15.239	9.505	5.733
Dec-12	15.368	9.527	5.842	15.507	9.613	5.893
Jan-13	15.895	9.795	6.1	15.851	9.768	6.083
Feb-13	16.14	9.878	6.263	16.233	9.954	6.279
Mar-13	16.885	10.351	6.534	16.599	10.14	6.459
Apr-13	16.934	10.298	6.636	16.907	10.298	6.609
May-13	17.228	10.428	6.8	17.149	10.414	6.735
Jun-13	17.302	10.479	6.823	17.371	10.504	6.867
Jul-13	17.477	10.518	6.959	17.62	10.588	7.032
Aug-13	17.355	10.231	7.124	17.919	10.675	7.245
Sep-13	18.201	10.758	7.442	18.256	10.774	7.482
Oct-13	18.692	10.893	7.799	18.595	10.891	7.704
Nov-13	19.241	11.193	8.048	18.893	11.015	7.878
Dec-13	18.996	10.944	8.052	19.124	11.133	7.991
Jan-14	19.177	11.185	7.992	19.279	11.23	8.049
Feb-14	19.378	11.448	7.93	19.38	11.303	8.077
Mar-14	19.482	11.379	8.104	19.453	11.346	8.107
Apr-14	19.59	11.319	8.271	19.509	11.348	8.161
May-14	19.501	11.228	8.274	19.569	11.316	8.252
Jun-14	19.626	11.385	8.241	19.642	11.262	8.38
Jul-14	19.821	11.284	8.537	19.737	11.203	8.535
Aug-14	19.621	10.968	8.653	19.873	11.174	8.699
Sep-14	20.002	11.113	8.889	20.032	11.177	8.855
Oct-14	20.583	11.419	9.164	20.202	11.21	8.992
Nov-14	20.057	10.964	9.094	20.378	11.271	9.107
Dec-14	20.474	11.377	9.098	20.55	11.349	9.2
Jan-15	20.708	11.535	9.173	20.71	11.43	9.28
Feb-15	20.123	11.29	8.834	20.852	11.499	9.353
Mar-15	21.255	11.732	9.523	20.977	11.576	9.401
Apr-15	21.825	11.789	10.036	21.078	11.692	9.386
May-15	20.324	11.141	9.183	21.131	11.87	9.262
Jun-15	21.12	11.982	9.138	21.109	12.111	8.998
Jul-15	21.168	12.325	8.843	21.004	12.397	8.607
Aug-15	21.684	13.205	8.479	20.806	12.672	8.135
Sep-15	20.955	13.563	7.392	20.53	12.882	7.648
Oct-15	20.016	13.136	6.88	20.201	12.99	7.211
Nov-15	19.643	12.989	6.654	19.85	12.98	6.87
Dec-15	19.599	12.9	6.698	19.546	12.889	6.658
Jan-16	19.126	12.518	6.608	19.36	12.781	6.579
Feb-16	19.357	12.729	6.627	19.317	12.705	6.612
Mar-16	19.119	12.463	6.656	19.399	12.668	6.731
Apr-16	19.594	12.716	6.878	19.564	12.647	6.917
May-16	19.992	12.779	7.213	19.771	12.617	7.154
Jun-16	20.206	12.697	7.508	19.989	12.562	7.427
Jul-16	20.072	12.425	7.647	20.222	12.498	7.723
Aug-16	19.873	12.306	7.567	20.486	12.462	8.024
Sep-16	20.769	12.449	8.32	20.795	12.483	8.311
Oct-16	21.175	12.595	8.58	21.143	12.578	8.565
Nov-16	21.518	12.703	8.815	21.524	12.752	8.772
Dec-16	21.986	13.058	8.928	21.887	12.975	8.912
Jan-17	22.232	13.233	8.999	22.172	13.203	8.968
Feb-17	21.745	13.197	8.547	22.338	13.408	8.93
Mar-17	22.598	13.717	8.881	22.397	13.59	8.807
Apr-17	22.636	13.883	8.754	22.383	13.758	8.625
May-17	22.107	13.794	8.313	22.327	13.911	8.416
Jun-17	22.079	13.931	8.148	22.256	14.047	8.209
Jul-17	22.111	14.231	7.881	22.176	14.153	8.023
Aug-17	22.395	14.472	7.923	22.067	14.211	7.857
Sep-17	22.085	14.278	7.808	21.93	14.226	7.705
Oct-17	21.642	14.111	7.53	21.758	14.206	7.552
Nov-17	21.529	14.134	7.395	21.528	14.149	7.38
Dec-17	21.168	13.997	7.172	21.269	14.08	7.189
Jan-18	21.208	14.264	6.944	21.028	14.032	6.996
Feb-18	21.136	14.195	6.941	20.837	14.017	6.82
Mar-18	20.424	13.854	6.57	20.695	14.021	6.674
Apr-18	20.22	13.808	6.412	20.563	14.013	6.55
May-18	20.708	14.208	6.5	20.402	13.961	6.441
Jun-18	20.249	13.94	6.309	20.178	13.844	6.333
Jul-18	20.212	13.912	6.3	19.857	13.65	6.207
Aug-18	19.366	13.324	6.042	19.421	13.374	6.047
Sep-18	18.676	12.836	5.841	18.881	13.034	5.847
Oct-18	18.876	13.196	5.68	18.289	12.672	5.617
Nov-18	17.83	12.465	5.366	17.73	12.345	5.386
Dec-18	16.953	11.807	5.146	17.255	12.081	5.174
Jan-19	16.71	11.788	4.922	16.878	11.881	4.998
Feb-19	17.051	12.155	4.896	16.611	11.746	4.864
Mar-19	16.433	11.649	4.784	16.453	11.678	4.776
Apr-19	16.559	11.798	4.761	16.417	11.682	4.735
May-19	16.241	11.531	4.71	16.499	11.763	4.736
Jun-19	16.522	11.797	4.724	16.708	11.933	4.776
Jul-19	16.973	12.116	4.856	17.061	12.206	4.854
Aug-19	17.81	12.582	5.228	17.551	12.583	4.968
Sep-19	18.036	12.949	5.088	18.129	13.028	5.101
Oct-19	18.624	13.462	5.162	18.684	13.462	5.223
Nov-19	19.371	13.981	5.39	19.098	13.799	5.3
Dec-19	19.633	14.193	5.44	19.288	13.976	5.311
Jan-20	19.774	14.425	5.35	19.247	13.986	5.261
Feb-20	19.214	14.014	5.2	19.045	13.873	5.173
Mar-20	19.197	14.229	4.968	18.827	13.736	5.091
Apr-20	18.356	13.451	4.905	18.769	13.706	5.064
May-20	16.181	12.071	4.11	18.207	13.881	4.326
Jun-20	17.183	12.768	4.415	18.736	14.287	4.449
Jul-20	18.895	14.259	4.636	19.781	15.155	4.626
Aug-20	21.215	16.256	4.959	21.023	16.182	4.841
Sep-20	22.594	17.253	5.341	22.08	16.999	5.08
Oct-20	23.097	17.763	5.334	23.234	17.882	5.352
Nov-20	24.096	18.513	5.583	24.41	18.731	5.679
Dec-20	25.722	19.657	6.065	25.653	19.585	6.068
Jan-21	28.42	21.916	6.505	26.934	20.423	6.511
Feb-21	28.819	21.905	6.914	28.194	21.203	6.991
Mar-21	29.669	22.012	7.657	29.323	21.844	7.479
Apr-21	30.843	22.829	8.014	30.36	22.41	7.95
May-21	31.557	22.77	8.787	30.964	22.573	8.391
Jun-21	30.999	22.172	8.828	31.301	22.497	8.803
Jul-21	31.664	22.443	9.222	31.462	22.267	9.195
Aug-21	31.206	21.646	9.56	31.573	21.994	9.579
Sep-21	30.875	20.926	9.95	31.756	21.787	9.969
Oct-21	30.721	20.454	10.266	32.07	21.708	10.363
Nov-21	32.502	21.762	10.741	32.46	21.727	10.733
Dec-21	33.025	22.038	10.986	32.816	21.764	11.053
Jan-22	34.143	22.718	11.424	33.025	21.743	11.281
Feb-22	33.062	21.631	11.432	32.974	21.597	11.376
Mar-22	32.615	21.307	11.308	32.604	21.299	11.306
Apr-22	31.698	20.572	11.127	31.927	20.865	11.061
May-22	31.262	20.514	10.749	30.996	20.325	10.671
Jun-22	30.041	19.83	10.211	29.904	19.71	10.194
Jul-22	28.103	18.836	9.267	28.728	19.036	9.692
Aug-22	27.339	18.317	9.022	27.533	18.316	9.217
Sep-22	26.241	17.501	8.74	26.364	17.573	8.792
Oct-22	25.54	16.998	8.542	25.294	16.857	8.438
Nov-22	24.459	16.212	8.247	24.389	16.232	8.157
Dec-22	23.531	15.611	7.92	23.716	15.763	7.953
Jan-23	23.12	15.366	7.754	23.338	15.495	7.843
Feb-23	22.902	15.177	7.725	23.293	15.45	7.843
Mar-23	23.972	15.954	8.018	23.567	15.612	7.954
Apr-23	23.733	15.733	8	24.058	15.905	8.152
May-23	24.863	16.366	8.497	24.64	16.252	8.389

New loan commitments, total housing excluding refinancing (seasonally adjusted and trend), values, Australia

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

[["May-05","Jun-05","Jul-05","Aug-05","Sep-05","Oct-05","Nov-05","Dec-05","Jan-06","Feb-06","Mar-06","Apr-06","May-06","Jun-06","Jul-06","Aug-06","Sep-06","Oct-06","Nov-06","Dec-06","Jan-07","Feb-07","Mar-07","Apr-07","May-07","Jun-07","Jul-07","Aug-07","Sep-07","Oct-07","Nov-07","Dec-07","Jan-08","Feb-08","Mar-08","Apr-08","May-08","Jun-08","Jul-08","Aug-08","Sep-08","Oct-08","Nov-08","Dec-08","Jan-09","Feb-09","Mar-09","Apr-09","May-09","Jun-09","Jul-09","Aug-09","Sep-09","Oct-09","Nov-09","Dec-09","Jan-10","Feb-10","Mar-10","Apr-10","May-10","Jun-10","Jul-10","Aug-10","Sep-10","Oct-10","Nov-10","Dec-10","Jan-11","Feb-11","Mar-11","Apr-11","May-11","Jun-11","Jul-11","Aug-11","Sep-11","Oct-11","Nov-11","Dec-11","Jan-12","Feb-12","Mar-12","Apr-12","May-12","Jun-12","Jul-12","Aug-12","Sep-12","Oct-12","Nov-12","Dec-12","Jan-13","Feb-13","Mar-13","Apr-13","May-13","Jun-13","Jul-13","Aug-13","Sep-13","Oct-13","Nov-13","Dec-13","Jan-14","Feb-14","Mar-14","Apr-14","May-14","Jun-14","Jul-14","Aug-14","Sep-14","Oct-14","Nov-14","Dec-14","Jan-15","Feb-15","Mar-15","Apr-15","May-15","Jun-15","Jul-15","Aug-15","Sep-15","Oct-15","Nov-15","Dec-15","Jan-16","Feb-16","Mar-16","Apr-16","May-16","Jun-16","Jul-16","Aug-16","Sep-16","Oct-16","Nov-16","Dec-16","Jan-17","Feb-17","Mar-17","Apr-17","May-17","Jun-17","Jul-17","Aug-17","Sep-17","Oct-17","Nov-17","Dec-17","Jan-18","Feb-18","Mar-18","Apr-18","May-18","Jun-18","Jul-18","Aug-18","Sep-18","Oct-18","Nov-18","Dec-18","Jan-19","Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23","Mar-23","Apr-23","May-23"],[[12.741],[12.641],[12.841],[12.896],[13.528],[14.037],[14.057],[14.036],[14.259],[14.431],[14.542],[14.772],[15.223],[15.499],[15.282],[15.006],[14.16],[14.332],[14.205],[14.586],[14.956],[15.401],[15.916],[16.312],[17.112],[18.252],[17.419],[17.433],[16.756],[16.87],[16.995],[16.544],[16.879],[15.687],[14.559],[13.869],[12.992],[12.944],[12.784],[12.623],[12.979],[13.388],[13.044],[13.92],[14.882],[15.365],[16.713],[17.023],[16.858],[17.203],[17.216],[17.328],[17.89],[17.606],[17.073],[16.486],[15.944],[15.668],[15.555],[15.262],[15.418],[15.118],[15.039],[14.62],[14.626],[14.653],[14.711],[15.019],[14.156],[14.064],[13.627],[13.997],[14.235],[14.135],[14.084],[14.171],[13.933],[13.86],[14.049],[14.716],[14.769],[14.085],[14.09],[14.346],[14.508],[14.735],[14.774],[14.867],[15.106],[14.908],[15.184],[15.368],[15.895],[16.14],[16.885],[16.934],[17.228],[17.302],[17.477],[17.355],[18.201],[18.692],[19.241],[18.996],[19.177],[19.378],[19.482],[19.59],[19.501],[19.626],[19.821],[19.621],[20.002],[20.583],[20.057],[20.474],[20.708],[20.123],[21.255],[21.825],[20.324],[21.12],[21.168],[21.684],[20.955],[20.016],[19.643],[19.599],[19.126],[19.357],[19.119],[19.594],[19.992],[20.206],[20.072],[19.873],[20.769],[21.175],[21.518],[21.986],[22.232],[21.745],[22.598],[22.636],[22.107],[22.079],[22.111],[22.395],[22.085],[21.642],[21.529],[21.168],[21.208],[21.136],[20.424],[20.22],[20.708],[20.249],[20.212],[19.366],[18.676],[18.876],[17.83],[16.953],[16.71],[17.051],[16.433],[16.559],[16.241],[16.522],[16.973],[17.81],[18.036],[18.624],[19.371],[19.633],[19.774],[19.214],[19.197],[18.356],[16.181],[17.183],[18.895],[21.215],[22.594],[23.097],[24.096],[25.722],[28.42],[28.819],[29.669],[30.843],[31.557],[30.999],[31.664],[31.206],[30.875],[30.721],[32.502],[33.025],[34.143],[33.062],[32.615],[31.698],[31.262],[30.041],[28.103],[27.339],[26.241],[25.54],[24.459],[23.531],[23.12],[22.902],[23.972],[23.733],[24.863]],[[8.023],[8.153],[8.085],[8.306],[8.644],[8.716],[8.851],[8.879],[8.956],[9.179],[9.27],[9.45],[9.502],[9.516],[9.789],[9.493],[9.17],[9.276],[9.233],[9.401],[9.578],[9.767],[10.08],[10.27],[10.694],[11.342],[10.784],[11.054],[10.447],[10.77],[10.66],[10.358],[10.785],[9.911],[9.145],[8.704],[8.197],[8.196],[8.134],[7.963],[8.246],[8.561],[8.55],[9.372],[10.223],[10.782],[11.97],[11.926],[11.833],[11.967],[11.772],[11.627],[12.186],[11.8],[11.087],[10.6],[10.112],[9.794],[9.605],[9.358],[9.435],[9.128],[9.287],[9.227],[9.148],[9.16],[9.325],[9.439],[9.014],[8.873],[8.829],[9.002],[9.087],[9.094],[9.034],[9.041],[8.795],[8.862],[8.967],[9.392],[9.395],[8.684],[8.701],[8.925],[9.111],[9.248],[9.278],[9.435],[9.501],[9.387],[9.43],[9.527],[9.795],[9.878],[10.351],[10.298],[10.428],[10.479],[10.518],[10.231],[10.758],[10.893],[11.193],[10.944],[11.185],[11.448],[11.379],[11.319],[11.228],[11.385],[11.284],[10.968],[11.113],[11.419],[10.964],[11.377],[11.535],[11.29],[11.732],[11.789],[11.141],[11.982],[12.325],[13.205],[13.563],[13.136],[12.989],[12.9],[12.518],[12.729],[12.463],[12.716],[12.7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Mish Tan, ABS head of finance statistics, said: “The value of new owner-occupier loan commitments rose 4.0 per cent to $16.4 billion in May, while the value of new investor loan commitments rose 6.2 per cent to $8.5 billion.”

The value of new owner-occupier dwelling loan commitments (excluding land and alterations, additions and repairs) rose 4.2 per cent to $15.3 billion. Meanwhile, the number of these commitments rose 5.1 per cent to 26,253.

New owner-occupier dwelling commitments, value vs number, Australia
	Number of new owner-occupier dwelling commitments	Value of new owner-occupier dwelling commitments ($b)
May-13	27,403	9.577
Jun-13	27,511	9.641
Jul-13	28,142	9.703
Aug-13	26,974	9.376
Sep-13	27,882	9.890
Oct-13	28,175	10.020
Nov-13	28,618	10.285
Dec-13	27,579	10.039
Jan-14	28,046	10.262
Feb-14	28,287	10.491
Mar-14	28,010	10.462
Apr-14	27,944	10.437
May-14	28,070	10.354
Jun-14	28,072	10.496
Jul-14	27,805	10.388
Aug-14	27,631	10.110
Sep-14	27,662	10.249
Oct-14	27,994	10.494
Nov-14	26,771	10.095
Dec-14	28,255	10.584
Jan-15	28,406	10.714
Feb-15	28,080	10.491
Mar-15	28,555	10.944
Apr-15	28,617	10.981
May-15	26,379	10.360
Jun-15	28,248	11.141
Jul-15	28,362	11.462
Aug-15	29,503	12.315
Sep-15	29,791	12.699
Oct-15	29,004	12.287
Nov-15	28,611	12.134
Dec-15	29,042	12.029
Jan-16	28,383	11.722
Feb-16	28,864	11.828
Mar-16	28,510	11.527
Apr-16	29,024	11.771
May-16	28,920	11.853
Jun-16	28,938	11.800
Jul-16	27,913	11.504
Aug-16	27,630	11.407
Sep-16	27,708	11.531
Oct-16	27,892	11.698
Nov-16	28,158	11.785
Dec-16	29,034	12.081
Jan-17	29,671	12.277
Feb-17	29,380	12.203
Mar-17	29,884	12.713
Apr-17	30,238	12.819
May-17	29,440	12.672
Jun-17	30,370	12.858
Jul-17	31,367	13.185
Aug-17	32,223	13.389
Sep-17	31,038	13.147
Oct-17	30,695	12.991
Nov-17	30,421	13.047
Dec-17	29,720	12.924
Jan-18	29,616	13.130
Feb-18	29,354	13.175
Mar-18	28,687	12.838
Apr-18	28,312	12.797
May-18	28,893	13.166
Jun-18	28,756	12.872
Jul-18	28,831	12.885
Aug-18	28,053	12.323
Sep-18	27,597	11.903
Oct-18	28,374	12.273
Nov-18	27,410	11.556
Dec-18	25,344	10.828
Jan-19	25,345	10.845
Feb-19	25,661	11.351
Mar-19	24,729	10.923
Apr-19	24,490	10.983
May-19	24,313	10.721
Jun-19	24,741	10.957
Jul-19	25,285	11.278
Aug-19	25,600	11.694
Sep-19	25,861	12.046
Oct-19	26,193	12.503
Nov-19	26,960	13.034
Dec-19	26,868	13.253
Jan-20	26,929	13.462
Feb-20	26,293	13.036
Mar-20	25,758	13.266
Apr-20	24,364	12.491
May-20	22,291	11.198
Jun-20	24,348	11.781
Jul-20	27,086	12.971
Aug-20	29,945	14.698
Sep-20	32,821	15.648
Oct-20	32,969	16.114
Nov-20	33,778	16.897
Dec-20	35,885	17.985
Jan-21	40,415	20.278
Feb-21	39,723	20.265
Mar-21	38,915	20.452
Apr-21	38,910	21.252
May-21	38,363	21.252
Jun-21	38,042	20.790
Jul-21	36,954	21.006
Aug-21	35,768	20.258
Sep-21	34,250	19.542
Oct-21	33,711	19.083
Nov-21	34,333	20.242
Dec-21	34,562	20.600
Jan-22	34,717	21.340
Feb-22	32,977	20.209
Mar-22	32,096	19.891
Apr-22	31,196	19.220
May-22	31,320	19.082
Jun-22	30,313	18.428
Jul-22	29,221	17.490
Aug-22	28,880	17.005
Sep-22	27,772	16.280
Oct-22	26,483	15.755
Nov-22	25,610	15.069
Dec-22	24,143	14.524
Jan-23	23,991	14.319
Feb-23	23,484	14.138
Mar-23	24,854	14.824
Apr-23	24,975	14.639
May-23	26,253	15.253

New owner-occupier dwelling commitments, value vs number, Australia

["","Number of new owner-occupier dwelling commitments","Value of new owner-occupier dwelling commitments"]

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[]

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Compared to pre-COVID 19 pandemic levels in February 2020, the value of new owner-occupier dwelling loan commitments was 17.0 per cent higher in May 2023, while the number of commitments was 0.2 per cent lower. The average value of these loans has risen by 21.8 per cent (in original terms) over this period.

The number of new owner-occupier first home buyer loan commitments rose 2.7 per cent, after a fall of 0.3 per cent in April. This was 17.4 per cent lower compared to a year ago.

The value of new owner-occupier housing loan refinances between lenders rose 8.6 per cent and reached a new high of $14.1 billion. Borrowers continued to switch lenders amid an environment of increasing interest rates.

Housing finance loan commitments by property purpose and state, seasonally adjusted – May 2023
		Aus *	NSW	Vic	Qld	SA	WA	Tas	NT	ACT
Owner-occupiers
	Value ($b) :	16.4	5.2	4.7	3.2	1.0	1.7	0.3	0.1	0.4
	Value change ($m):	634	473	228	61	8	72	23	5	1
	Value % change ** :	4.0	9.9	5.1	1.9	0.8	4.4	9.6	7.2	0.3
Owner-occupier first home buyers
	Number change:	222	174	149	41	-17	20	1	0	25
	Number % change ** :	2.7	8.9	6.4	2.4	-3.2	1.6	0.7	0.0	13.0 †
Investors
	Value change ($m):	497	255	174	70	72	-6	6	8	44
	Value % change ** :	6.2	8.5	9.0	4.5	17.5	-0.9	7.2	33.2 †	33.3 †

* Total Australia levels do not necessarily equal the sum of states, due to independent seasonal adjustment

** All movements are on a month-to-month basis

† A smaller and more volatile series

Personal finance

The value of total new loan commitments for fixed term personal finance rose 4.3 per cent. Lending for the purchase of road vehicles rose 9.3 per cent.

More information is available in Lending Indicators, Australia.

Media notes

All figures are seasonally adjusted unless noted otherwise.
Lending Indicators reverted to concurrent seasonal adjustment in the Oct22 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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APA

Citation

New housing loan commitments rose 4.8% in May

APA

Citation

Personal finance

Media notes

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