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Investor loans up 29.5 per cent from a year ago

Media Release

Released

1/11/2024

Source

Lending indicators, September 2024

This is the final monthly release of the Lending Indicators publication. The new quarterly publication will be released in February 2025 for the December Quarter 2024 reference period.

More information is available in Lending Indicators, Australia.

Housing Finance

The total value of new housing loans fell 0.3 per cent in September to $30.2 billion following seven consecutive rises, according to data released today by the Australian Bureau of Statistics.

The value of new investor loans fell 1.0 per cent to $11.6 billion, which was 29.5 per cent higher than September 2023 and slightly below the record high of January 2022.

The value of owner-occupier loans rose 0.1 per cent to $18.6 billion, which was 13.1 per cent higher than September 2023.

Owner occupier first home buyer loans fell 3.3 per cent to $5.2 billion, which was 8.8 per cent higher than September 2023.

Monthly value of new loan commitments for housing (excluding refinancing) - seasonally adjusted
	Total ($b)	Owner-occupiers ($b)	Investors ($b)	Owner-occupier first home buyers ($b)
Sep-14	19.984	11.111	8.873	2.487
Oct-14	20.557	11.402	9.155	2.502
Nov-14	20.141	11.027	9.114	2.425
Dec-14	20.453	11.361	9.092	2.396
Jan-15	20.742	11.567	9.175	2.359
Feb-15	20.233	11.323	8.910	2.509
Mar-15	21.268	11.757	9.511	2.560
Apr-15	21.890	11.805	10.085	2.550
May-15	20.296	11.123	9.173	2.403
Jun-15	21.104	11.967	9.137	2.487
Jul-15	21.110	12.281	8.829	2.430
Aug-15	21.723	13.218	8.504	2.421
Sep-15	20.938	13.558	7.380	2.459
Oct-15	20.036	13.156	6.880	2.342
Nov-15	19.690	13.026	6.664	2.351
Dec-15	19.613	12.912	6.701	2.462
Jan-16	19.176	12.569	6.606	2.402
Feb-16	19.459	12.749	6.710	2.411
Mar-16	19.110	12.457	6.653	2.344
Apr-16	19.684	12.802	6.882	2.483
May-16	19.929	12.728	7.201	2.433
Jun-16	20.180	12.681	7.499	2.411
Jul-16	20.056	12.417	7.639	2.346
Aug-16	19.839	12.260	7.579	2.281
Sep-16	20.771	12.456	8.315	2.348
Oct-16	21.200	12.606	8.594	2.393
Nov-16	21.583	12.753	8.830	2.361
Dec-16	21.990	13.057	8.933	2.385
Jan-17	22.255	13.256	9.000	2.342
Feb-17	21.968	13.283	8.684	2.328
Mar-17	22.632	13.767	8.866	2.411
Apr-17	22.280	13.645	8.635	2.442
May-17	22.366	14.009	8.357	2.481
Jun-17	22.029	13.896	8.133	2.643
Jul-17	22.027	14.155	7.872	3.027
Aug-17	22.415	14.455	7.960	3.230
Sep-17	22.155	14.337	7.818	3.110
Oct-17	21.658	14.110	7.547	3.147
Nov-17	21.609	14.191	7.418	3.231
Dec-17	21.160	13.990	7.170	3.239
Jan-18	21.172	14.243	6.929	3.192
Feb-18	21.400	14.331	7.069	3.299
Mar-18	20.459	13.933	6.526	3.219
Apr-18	20.157	13.773	6.384	3.180
May-18	20.648	14.192	6.456	3.294
Jun-18	20.247	13.932	6.315	3.363
Jul-18	20.092	13.802	6.290	3.345
Aug-18	19.350	13.284	6.067	3.232
Sep-18	18.824	12.952	5.871	3.146
Oct-18	18.829	13.143	5.687	3.198
Nov-18	17.956	12.562	5.394	3.147
Dec-18	16.844	11.710	5.134	2.814
Jan-19	16.706	11.792	4.914	2.824
Feb-19	17.308	12.316	4.992	3.018
Mar-19	16.492	11.716	4.776	2.976
Apr-19	16.517	11.807	4.709	3.036
May-19	16.189	11.531	4.658	3.091
Jun-19	16.518	11.774	4.744	3.211
Jul-19	16.957	12.020	4.936	3.476
Aug-19	17.874	12.604	5.269	3.711
Sep-19	18.037	12.960	5.077	3.623
Oct-19	18.510	13.353	5.157	3.714
Nov-19	19.307	13.945	5.363	3.897
Dec-19	19.702	14.229	5.473	4.039
Jan-20	20.862	15.203	5.659	4.238
Feb-20	19.060	13.906	5.154	4.003
Mar-20	18.956	14.073	4.883	4.079
Apr-20	18.414	13.517	4.898	4.087
May-20	15.908	11.932	3.976	3.610
Jun-20	17.084	12.687	4.397	3.900
Jul-20	18.856	14.165	4.691	4.427
Aug-20	21.212	16.205	5.007	5.138
Sep-20	22.927	17.543	5.384	5.500
Oct-20	22.881	17.583	5.298	5.562
Nov-20	23.780	18.257	5.522	5.603
Dec-20	25.866	19.755	6.111	6.494
Jan-21	30.270	23.328	6.942	7.361
Feb-21	28.564	21.752	6.812	6.670
Mar-21	29.448	21.933	7.515	6.604
Apr-21	30.764	22.791	7.973	6.586
May-21	30.690	22.205	8.485	6.456
Jun-21	31.109	22.248	8.861	6.310
Jul-21	31.708	22.347	9.361	6.118
Aug-21	31.243	21.601	9.642	5.766
Sep-21	31.151	21.196	9.955	5.498
Oct-21	30.461	20.260	10.201	5.308
Nov-21	32.201	21.533	10.668	5.374
Dec-21	33.170	22.155	11.016	5.627
Jan-22	36.020	23.850	12.170	5.758
Feb-22	32.726	21.475	11.250	4.985
Mar-22	32.492	21.248	11.244	5.242
Apr-22	31.133	20.206	10.927	5.051
May-22	30.940	20.478	10.462	5.153
Jun-22	29.922	19.773	10.149	4.756
Jul-22	28.323	18.914	9.409	4.529
Aug-22	27.397	18.331	9.066	4.802
Sep-22	25.611	17.194	8.417	4.411
Oct-22	25.959	17.270	8.689	4.589
Nov-22	24.478	16.247	8.231	4.209
Dec-22	23.782	15.813	7.969	4.111
Jan-23	23.522	15.560	7.962	3.974
Feb-23	23.454	15.599	7.855	4.026
Mar-23	23.635	15.762	7.873	4.393
Apr-23	23.661	15.717	7.944	4.540
May-23	24.113	15.914	8.199	4.773
Jun-23	24.331	15.798	8.533	4.733
Jul-23	23.774	15.184	8.590	4.437
Aug-23	24.656	15.956	8.700	4.599
Sep-23	25.410	16.476	8.934	4.792
Oct-23	26.506	17.122	9.384	5.087
Nov-23	27.258	17.590	9.668	5.067
Dec-23	26.459	16.910	9.549	4.947
Jan-24	26.208	16.517	9.690	4.626
Feb-24	26.593	17.010	9.582	4.858
Mar-24	28.124	17.524	10.600	5.190
Apr-24	28.454	17.859	10.595	5.361
May-24	28.686	17.853	10.833	5.225
Jun-24	29.042	18.025	11.017	5.279
Jul-24	29.672	18.190	11.482	5.318
Aug-24	30.308	18.619	11.689	5.391
Sep-24	30.210	18.639	11.571	5.213

Monthly value of new loan commitments for housing (excluding refinancing) - seasonally adjusted

["","Total","Owner-occupiers","Investors","Owner-occupier first home buyers"]

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Mish Tan, ABS head of finance statistics, said: “Over the past 18 months, the average size of loans approved increased for both owner-occupiers and investors. However, the growth in investor loans was also driven by increases in the number of loans being approved.

“Investor activity remains at high levels in response to the recent growth in house prices and rental yields,” said Dr Tan.

Number of first home buyers

The number of new owner-occupier first home buyer loans fell 3.2 per cent in September to 9,686, which was 2.0 per cent higher than September 2023.

“In September 2024 there were 9,686 loans to first home buyers across Australia. Victoria made the largest contribution, with 3,146 loans, followed by New South Wales with 2,250 and Queensland with 1,845,” Dr Tan said.

Housing finance loan commitments by property purpose and state, seasonally adjusted – Sep 2024
		Aus (a)	NSW	Vic	Qld	SA	WA	Tas	NT	ACT
Owner-occupiers
	Value ($b)	18.6	5.6	5.0	3.9	1.1	2.2	0.3	0.1	0.4
	Value change ($m)	20	8	-48	-66	-11	76	8	14	14
	Value % change (b)	0.1	0.1	-0.9	-1.7	-1.0	3.6	3.3	20.0	3.7 †
Owner-occupier first home buyers
	Number change	-319	-85	-13	-188	9	7	3	3	38
	Number % change (b)	-3.2	-3.6	-0.4	-9.2	1.5	0.5	1.7	5.7	18.0 †
Investors
	Value change ($m)	-118	68	-16	-101	52	-1	16	3	-33
	Value % change (b)	-1.0	1.6	-0.7	-3.7	7.5	-0.1	18.2	9.0	-15.7

† A smaller and more volatile series

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

Personal finance

The value of new loan commitments for total fixed term personal finance rose 2.1 per cent to $2.8 billion and was 16.1 per cent higher compared to a year ago. Lending for the purchase of road vehicles rose 0.7 per cent in the month.

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
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