Owner-occupier lending rose in December

Media Release

Released

1/02/2022

Source

Lending indicators, December 2021

New loan commitments for housing rose 4.4 per cent to a record high value of $32.8 billion (seasonally adjusted) in December 2021, according to the latest data released from the Australian Bureau of Statistics (ABS).

Acting head of Finance and Wealth at the ABS, Amanda Seneviratne, said: “December’s rise was driven by a 5.3 per cent rise in the value of new owner-occupier loan commitments. This is the second consecutive monthly rise in owner-occupier lending and follows the falls seen from June 2021 through to October 2021.”

Owner-occupier lending rose in December
	Total (ex. refinancing) ($b)	Owner occupier (ex. refinancing) ($b)	Investor (ex. refinancing) ($b)
Dec-03	13.298	7.459	5.839
Jan-04	12.285	6.998	5.287
Feb-04	12.318	7.071	5.247
Mar-04	12.453	7.171	5.282
Apr-04	12.486	7.24	5.246
May-04	12.347	7.271	5.077
Jun-04	11.8	7.256	4.544
Jul-04	12.017	7.32	4.696
Aug-04	12.053	7.398	4.655
Sep-04	12.218	7.42	4.798
Oct-04	11.971	7.429	4.542
Nov-04	12.561	7.682	4.878
Dec-04	12.914	7.902	5.012
Jan-05	13.234	8.107	5.128
Feb-05	13.826	8.491	5.335
Mar-05	13.52	8.234	5.287
Apr-05	13.309	8.147	5.162
May-05	12.68	7.977	4.703
Jun-05	12.687	8.154	4.533
Jul-05	12.827	8.08	4.747
Aug-05	12.87	8.279	4.592
Sep-05	13.519	8.635	4.884
Oct-05	14.034	8.732	5.301
Nov-05	14.06	8.858	5.202
Dec-05	14.058	8.903	5.155
Jan-06	14.279	8.966	5.313
Feb-06	14.425	9.176	5.248
Mar-06	14.578	9.298	5.28
Apr-06	14.509	9.259	5.25
May-06	15.404	9.642	5.763
Jun-06	15.543	9.513	6.03
Jul-06	15.256	9.769	5.487
Aug-06	15.04	9.518	5.522
Sep-06	14.166	9.178	4.988
Oct-06	14.329	9.293	5.037
Nov-06	14.199	9.227	4.972
Dec-06	14.61	9.43	5.181
Jan-07	14.927	9.544	5.384
Feb-07	15.399	9.766	5.633
Mar-07	15.897	10.069	5.829
Apr-07	16.363	10.322	6.041
May-07	17.052	10.647	6.404
Jun-07	18.302	11.356	6.947
Jul-07	17.407	10.77	6.637
Aug-07	17.399	11.018	6.381
Sep-07	16.829	10.516	6.313
Oct-07	16.816	10.738	6.077
Nov-07	16.986	10.654	6.332
Dec-07	16.557	10.371	6.186
Jan-08	16.899	10.805	6.094
Feb-08	15.656	9.88	5.776
Mar-08	14.55	9.138	5.412
Apr-08	13.905	8.744	5.16
May-08	12.96	8.168	4.792
Jun-08	12.961	8.199	4.762
Jul-08	12.786	8.136	4.65
Aug-08	12.643	7.979	4.664
Sep-08	12.978	8.237	4.741
Oct-08	13.347	8.539	4.808
Nov-08	13.098	8.606	4.492
Dec-08	13.886	9.337	4.549
Jan-09	14.894	10.233	4.661
Feb-09	15.366	10.782	4.584
Mar-09	16.71	11.961	4.749
Apr-09	17.041	11.955	5.085
May-09	16.849	11.822	5.027
Jun-09	17.208	11.96	5.247
Jul-09	17.169	11.729	5.44
Aug-09	17.351	11.644	5.706
Sep-09	17.886	12.181	5.706
Oct-09	17.612	11.819	5.793
Nov-09	17.075	11.09	5.985
Dec-09	16.502	10.617	5.885
Jan-10	15.955	10.124	5.831
Feb-10	15.67	9.794	5.876
Mar-10	15.519	9.572	5.948
Apr-10	15.258	9.36	5.898
May-10	15.423	9.433	5.99
Jun-10	15.119	9.13	5.989
Jul-10	15.048	9.292	5.756
Aug-10	14.636	9.234	5.402
Sep-10	14.617	9.143	5.474
Oct-10	14.658	9.176	5.482
Nov-10	14.711	9.321	5.39
Dec-10	15	9.426	5.573
Jan-11	14.159	9.015	5.144
Feb-11	14.064	8.872	5.192
Mar-11	13.628	8.828	4.8
Apr-11	13.994	9.004	4.99
May-11	14.238	9.081	5.157
Jun-11	14.137	9.098	5.039
Jul-11	14.085	9.035	5.05
Aug-11	14.157	9.026	5.131
Sep-11	13.931	8.793	5.138
Oct-11	13.858	8.864	4.993
Nov-11	14.052	8.973	5.079
Dec-11	14.73	9.406	5.324
Jan-12	14.774	9.397	5.376
Feb-12	14.068	8.667	5.402
Mar-12	14.101	8.711	5.39
Apr-12	14.349	8.926	5.423
May-12	14.51	9.106	5.404
Jun-12	14.736	9.252	5.484
Jul-12	14.771	9.272	5.499
Aug-12	14.859	9.427	5.432
Sep-12	15.095	9.493	5.602
Oct-12	14.885	9.371	5.514
Nov-12	15.213	9.463	5.75
Dec-12	15.374	9.531	5.843
Jan-13	15.902	9.799	6.103
Feb-13	16.147	9.88	6.267
Mar-13	16.881	10.349	6.532
Apr-13	16.947	10.305	6.642
May-13	17.21	10.408	6.802
Jun-13	17.322	10.496	6.826
Jul-13	17.44	10.483	6.957
Aug-13	17.366	10.24	7.126
Sep-13	18.172	10.737	7.436
Oct-13	18.689	10.895	7.794
Nov-13	19.26	11.227	8.034
Dec-13	19.008	10.953	8.055
Jan-14	19.147	11.161	7.986
Feb-14	19.403	11.457	7.946
Mar-14	19.495	11.387	8.108
Apr-14	19.6	11.321	8.28
May-14	19.501	11.228	8.273
Jun-14	19.643	11.392	8.251
Jul-14	19.814	11.271	8.544
Aug-14	19.607	10.955	8.652
Sep-14	19.959	11.087	8.872
Oct-14	20.539	11.394	9.146
Nov-14	20.121	11.033	9.088
Dec-14	20.435	11.348	9.087
Jan-15	20.73	11.562	9.168
Feb-15	20.166	11.305	8.861
Mar-15	21.248	11.722	9.526
Apr-15	21.918	11.839	10.078
May-15	20.285	11.122	9.163
Jun-15	21.128	11.978	9.151
Jul-15	21.121	12.278	8.842
Aug-15	21.688	13.197	8.49
Sep-15	20.88	13.509	7.371
Oct-15	19.999	13.134	6.865
Nov-15	19.681	13.037	6.644
Dec-15	19.632	12.937	6.695
Jan-16	19.132	12.548	6.584
Feb-16	19.346	12.688	6.658
Mar-16	19.118	12.457	6.661
Apr-16	19.713	12.807	6.906
May-16	19.975	12.754	7.221
Jun-16	20.232	12.707	7.525
Jul-16	20.066	12.421	7.645
Aug-16	19.792	12.216	7.576
Sep-16	20.736	12.439	8.296
Oct-16	21.078	12.532	8.546
Nov-16	21.498	12.718	8.781
Dec-16	22.055	13.159	8.896
Jan-17	22.229	13.234	8.995
Feb-17	21.772	13.19	8.581
Mar-17	22.675	13.777	8.898
Apr-17	22.257	13.572	8.685
May-17	22.548	14.103	8.446
Jun-17	22.186	14.006	8.181
Jul-17	22.086	14.176	7.91
Aug-17	22.371	14.423	7.948
Sep-17	22.027	14.268	7.759
Oct-17	21.435	13.962	7.473
Nov-17	21.424	14.101	7.323
Dec-17	21.28	14.17	7.11
Jan-18	21.135	14.183	6.952
Feb-18	21.132	14.163	6.968
Mar-18	20.442	13.869	6.573
Apr-18	20.321	13.863	6.459
May-18	20.922	14.354	6.568
Jun-18	20.45	14.075	6.375
Jul-18	20.305	13.931	6.375
Aug-18	19.234	13.194	6.039
Sep-18	18.591	12.808	5.782
Oct-18	18.485	12.888	5.597
Nov-18	17.716	12.454	5.262
Dec-18	17	11.915	5.085
Jan-19	16.718	11.791	4.928
Feb-19	17.026	12.115	4.911
Mar-19	16.488	11.658	4.83
Apr-19	16.687	11.876	4.812
May-19	16.511	11.724	4.788
Jun-19	16.779	11.967	4.812
Jul-19	17.071	12.124	4.947
Aug-19	17.688	12.486	5.202
Sep-19	17.795	12.787	5.008
Oct-19	18.144	13.116	5.028
Nov-19	19.167	13.912	5.255
Dec-19	19.778	14.411	5.367
Jan-20	19.757	14.398	5.359
Feb-20	19.124	13.92	5.203
Mar-20	19.269	14.2	5.069
Apr-20	18.469	13.527	4.942
May-20	16.663	12.438	4.225
Jun-20	17.547	12.998	4.548
Jul-20	19.095	14.388	4.708
Aug-20	20.869	15.93	4.939
Sep-20	22.375	17.123	5.251
Oct-20	22.363	17.231	5.132
Nov-20	23.606	18.203	5.403
Dec-20	25.935	19.991	5.945
Jan-21	28.477	21.937	6.541
Feb-21	28.659	21.759	6.9
Mar-21	29.951	22.061	7.89
Apr-21	31.056	23.002	8.054
May-21	32.565	23.437	9.127
Jun-21	32.049	22.86	9.189
Jul-21	32.124	22.771	9.352
Aug-21	30.756	21.264	9.492
Sep-21	30.31	20.689	9.621
Oct-21	29.567	19.837	9.731
Nov-21	31.437	21.337	10.1
Dec-21	32.812	22.471	10.341

Owner-occupier lending rose in December

[" ","Total (ex. refinancing)","Owner occupier (ex. refinancing)","Investor (ex. refinancing)"]

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The strongest rises in owner-occupier loan commitments were Victoria (up 5.2 per cent), New South Wales (up 3.0 per cent) and Western Australia (up 7.1 per cent).

The number of new loan commitments to owner-occupier first home buyers grew for the second consecutive month, up 1.3 per cent to 11,778. The increase in commitments was driven by Western Australia, which rose 11.8 per cent, and Queensland, which rose 3.8 per cent. New loan commitments to owner-occupier first home buyers fell 21.5 per cent through the year.

At the national level, the average loan size for owner-occupier dwellings (which includes construction and the purchase of new and existing dwellings) rose to a record high of $602,000, an increase from November of $6,000. Average loan sizes reached new highs in all states and territories except Queensland and Tasmania.

The total value of new investor loan commitments rose 2.4 per cent, a record high of $10.3 billion.

“Investor lending has seen growth over the past 14 months and accounted for around one third of the value of new housing loan commitments in December 2021. The previous investor lending peak in April 2015 accounted for 46 per cent of new housing loan commitments,” Ms Seneviratne said.

The strongest rises in investor loan commitments were Victoria (up 3.4 per cent), New South Wales (up 1.1 per cent) and the Australian Capital Territory (up 10.4 per cent). All other states and territories fell.

Personal finance loan commitments

The value of new loan commitments for fixed term personal finance rose 0.7 per cent (seasonally adjusted) in December 2021, driven by a 17.4 per cent rise in lending for personal investment.

More information is available in Lending Indicators, Australia.

Media notes

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APA

Citation

Owner-occupier lending rose in December

APA

Citation

Personal finance loan commitments

Media notes

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