Lending indicators

Latest release

This release is about new borrower-accepted finance commitments for housing, personal and business loans

Reference period
April 2024
Released
6/06/2024
  • Next Release 8/07/2024
    Lending indicators, May 2024
  • Next Release 2/08/2024
    Lending indicators, June 2024
  • Next Release 6/09/2024
    Lending indicators, July 2024
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Key statistics

In April 2024, new loan commitments (seasonally adjusted):

  • rose 4.8% for housing
  • rose 0.8% for personal fixed term loans
  • fell 1.4% for business construction (a typically volatile series) but rose 0.4% in trend terms
  • rose 2.6% for business purchase of property (a typically volatile series) and rose 0.9% in trend terms
Value of new borrower-accepted loan commitments (seasonally adjusted)
 Apr-2024 ($b)Month percent change (%)Year percent change (%)
Households 
 Housing29.354.824.6
  Owner Occupier (a)18.494.318.7
  Investor (a)10.865.636.1
 Personal 
  Fixed term loans2.580.818.1
Businesses 
 Construction1.90-1.4-46.1
 Purchase of Property6.012.68.4
  1. Loan commitments for owner occupier, investor housing and personal fixed term loans exclude refinancing.

Important data quality notes

Seasonal adjustment methods

Treatment of Buy Now Pay Later products in Personal finance

Personal finance data quality

Housing finance

In April 2024 in seasonally adjusted terms, the value of new loan commitments:

  • for total housing rose 4.8% to $29.4b, after a rise of 3.8% in March. It was 24.6% higher compared to a year ago.
  • for owner-occupier housing rose 4.3% to $18.5b and was 18.7% higher compared to a year ago
  • for investor housing rose 5.6% to $10.9b and was 36.1% higher compared to a year ago
  1. All series exclude refinancing

In April 2024 in seasonally adjusted terms, the value of external refinancing:

  • for total housing rose 1.7% to $16.3b but was 16.3% lower compared to a year ago
  • for owner-occupier housing fell 0.4% to $10.2b and was 22.8% lower compared to a year ago
  • for investor housing rose 5.5% to $6.1b but was 2.8% lower compared to a year ago

Personal finance

In April 2024 in seasonally adjusted terms, the value of new loan commitments:

  • for fixed term personal finance rose 0.8%, after a rise of 4.1% in March
  • for road vehicles fell 1.2%
  • for personal investment rose 1.5%
  1. Any missing data points in the series above are not available for publication.
  1. Any missing data points in the series above are not available for publication.

Business finance

In April 2024 in seasonally adjusted terms, the value of new loan commitments:

  • for construction finance fell 1.4%, after a fall of 43.1% in March. In trend terms, it rose 0.4%.
  • for the purchase of property rose 2.6%, after a fall of 3.1% in March. In trend terms, it rose 0.9%.

These series can have volatile month-to-month movements in seasonally adjusted terms as they are strongly affected by small numbers of high value loans.

  1. Any missing data points in the series above are not available for publication.

Housing finance (detailed)

Value of new loan commitments by purpose (seasonally adjusted)
 Apr-2024 ($b)Month percent change (%)Year percent change (%)
Owner occupier 
 Total housing (a)18.494.318.7
  Construction of dwellings1.766.016.8
  Purchase of newly erected dwellings1.1110.822.4
  Purchase of existing dwellings14.233.418.0
 First home buyers5.403.418.6
Investor 
 Total housing (a)10.865.636.1
Number of new loan commitments by purpose (seasonally adjusted)
 Apr-2024 (No.)Month percent change (%)Year percent change (%)
Owner occupier 
 Total housing (a)N/AN/AN/A
  Construction of dwellings2 9576.512.1
  Purchase of newly erected dwellings1 89913.016.1
  Purchase of existing dwellings22 5271.88.5
 First home buyers10 2733.010.8
Investor 
 Total housing (a)N/AN/AN/A

Housing includes loan commitments for dwellings, purchase of residential land and for alterations and additions.

  1. There is no seasonally adjusted or trend data available for the number of owner occupiers or investors for total housing as the data was collected from July 2019.

     

In April 2024 in seasonally adjusted terms, the value of new loan commitments:

  • to owner occupiers rose 4.3%, after a rise of 3.5% in March
  • to investors rose 5.6%, after a rise of 4.4% in March

In April 2024 in seasonally adjusted terms for owner-occupier housing, the value of new loan commitments:

  • for the purchase of existing dwellings rose 3.4% and was 18.0% higher compared to a year ago
  • for the construction of new dwellings rose 6.0% and was 16.8% higher compared to a year ago
  • for the purchase of new dwellings rose 10.8% and was 22.4% higher compared to a year ago
  1. For periods prior to July 2019, statistics on owner occupier commitments for residential land are modelled using data about the total value of commitments for residential land.
  2. Users can hide/unhide series in the graph by clicking the legend above (e.g. toggle the "purchase of existing dwellings" series for a closer look at the other purposes of owner occupier lending).

     

In April 2024 in seasonally adjusted terms for owner-occupier housing, the value of new loan commitments:

  • in New South Wales rose 9.9%, in Victoria rose 3.8%, in Western Australia rose 7.0%, in Queensland rose 2.8%, in South Australia rose 3.3%, in the Australian Capital Territory rose 8.5% and in the Northern Territory rose 2.7%
  • in Tasmania fell 16.5%

The Tasmania, Northern Territory, and Australian Capital Territory series are smaller and typically more volatile.

In April 2024 in seasonally adjusted terms for investor housing, the value of new loan commitments:

  • in New South Wales rose 8.9%, in Victoria rose 6.9%, in Queensland rose 6.8%, in Western Australia rose 8.2%, in South Australia rose 8.9%, in Tasmania rose 12.5%, in the Australian Capital Territory rose 5.7% and in the Northern Territory rose 4.5%

The Tasmania, Northern Territory, and Australian Capital Territory series are smaller and typically more volatile.

In April 2024, in original terms:

  • the value of new variable rate loan commitments funded in the month rose 7.7%
  • the value of new fixed rate loan commitments funded in the month fell 11.0%
  1. 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. Due to this timing difference, the value of loans funded in the month shown in this graph will generally not reconcile with the value of new borrower-accepted commitments for the month shown in the other graphs and download tables.

In April 2024 in original terms, average loan sizes for owner-occupier dwellings (including construction, purchase of new dwellings and existing dwellings, excluding land, alterations and additions):

  • rose 2.9% at the national level from $608k to $626k
  1. Please note that while the series graphed above are joined between the available data points, there may be missing data points in between which are not available for publication

First home buyers

In April 2024 in seasonally adjusted terms for owner-occupier first home buyers, the number of new loan commitments:

  • at the national level rose 3.0% to 10,273, following a 5.1% rise in March. It was 10.8% higher compared to a year ago.
  • in New South Wales rose 9.2%, in Queensland rose 6.1%, in Western Australia rose 5.4%, in the Northern Territory rose 65.5%, in Victoria rose 0.8%, in South Australia rose 4.2% and in Tasmania rose 8.7% 
  • in the Australian Capital Territory fell 4.5%

The Tasmania, Northern Territory, and Australian Capital Territory series are smaller and typically more volatile.

Additional information

New loan commitments to owner-occupier first home buyers (original), number
 First home buyer loan commitments
Number
First home buyer 
               ratio (a)
- Dwellings (b)
First home buyer ratio
Housing (c)
Total Australia10 14137.0%31.6%
New South Wales2 52635.4%30.5%
Victoria3 19840.7%35.9%
Queensland1 97933.8%28.1%
South Australia57232.4%25.9%
Western Australia1 39639.1%33.2%
Tasmania17135.4%30.0%
Northern Territory7741.2%36.0%
Australian Capital Territory22240.6%35.7%

a. The ratios in the table above are calculated against overall owner-occupier loans, including both OO FHB and OO non-FHB loans. They are not calculated against all housing loans, which would also include investor lending.

b. Dwellings includes loan commitments for construction of dwellings, purchase of newly erected dwellings and purchase of existing dwellings.

c. Housing includes loan commitments for dwellings, purchase of residential land and for alterations and additions.

Data downloads

Housing Finance - Total

Data files

Housing Finance - Owner-occupiers

Data files

Housing Finance - Investors

Data files

Housing Finance - First home buyers

Data files

Housing finance - Non-residents

Table 26. Households; Housing finance; Non-residents; New loan commitments; Numbers and values