Value of new investor loans for housing up 5.4% in July

Media Release

Released

6/09/2024

Source

Lending indicators, July 2024

The total value of new housing loans rose 3.9 per cent in July to $30.6 billion, according to data released today by the Australian Bureau of Statistics.

The value of new investor loans rose 5.4 per cent to $11.7 billion, which was 35.4 per cent higher than July 2023. The value of owner-occupier loans rose 2.9 per cent to $18.9 billion, 21.4 per cent higher than July 2023.

The value of new owner-occupier first home buyer loans rose 0.8 per cent in July, which was 19.7 per cent higher than July 2023.

Monthly value of new loan commitments for housing (excluding refinancing) - seasonally adjusted
	Owner-occupiers ($b)	Owner-occupiers (excluding first home buyers) ($b)	Investor ($b)	Owner-occupier first home buyers ($b)
Jul-14	11.290	8.811	8.537	2.479
Aug-14	10.995	8.513	8.663	2.482
Sep-14	11.114	8.631	8.897	2.483
Oct-14	11.403	8.900	9.151	2.503
Nov-14	11.020	8.597	9.115	2.423
Dec-14	11.357	8.953	9.092	2.404
Jan-15	11.537	9.185	9.167	2.352
Feb-15	11.296	8.784	8.893	2.512
Mar-15	11.719	9.158	9.511	2.561
Apr-15	11.832	9.285	10.084	2.548
May-15	11.126	8.712	9.167	2.414
Jun-15	11.984	9.496	9.148	2.488
Jul-15	12.309	9.881	8.827	2.428
Aug-15	13.263	10.849	8.507	2.414
Sep-15	13.574	11.121	7.404	2.453
Oct-15	13.137	10.801	6.874	2.335
Nov-15	13.020	10.664	6.664	2.357
Dec-15	12.909	10.448	6.697	2.462
Jan-16	12.507	10.103	6.593	2.404
Feb-16	12.718	10.297	6.693	2.421
Mar-16	12.433	10.095	6.651	2.337
Apr-16	12.791	10.305	6.896	2.487
May-16	12.748	10.309	7.205	2.439
Jun-16	12.697	10.285	7.499	2.412
Jul-16	12.455	10.112	7.638	2.343
Aug-16	12.313	10.041	7.593	2.272
Sep-16	12.483	10.139	8.335	2.344
Oct-16	12.599	10.206	8.587	2.392
Nov-16	12.727	10.372	8.847	2.355
Dec-16	13.098	10.710	8.906	2.388
Jan-17	13.149	10.798	8.986	2.351
Feb-17	13.231	10.893	8.640	2.338
Mar-17	13.681	11.273	8.867	2.409
Apr-17	13.598	11.161	8.617	2.437
May-17	14.042	11.558	8.407	2.485
Jun-17	13.954	11.297	8.141	2.657
Jul-17	14.278	11.249	7.876	3.029
Aug-17	14.523	11.328	7.944	3.196
Sep-17	14.386	11.279	7.858	3.107
Oct-17	14.077	10.936	7.555	3.141
Nov-17	14.156	10.935	7.407	3.221
Dec-17	14.029	10.790	7.142	3.239
Jan-18	14.040	10.829	6.901	3.211
Feb-18	14.276	10.953	7.035	3.324
Mar-18	13.783	10.565	6.516	3.219
Apr-18	13.769	10.585	6.381	3.184
May-18	14.255	10.965	6.500	3.290
Jun-18	14.034	10.657	6.328	3.377
Jul-18	13.986	10.630	6.321	3.356
Aug-18	13.296	10.107	6.048	3.189
Sep-18	12.996	9.857	5.880	3.139
Oct-18	13.098	9.917	5.707	3.182
Nov-18	12.542	9.394	5.399	3.148
Dec-18	11.766	8.947	5.102	2.819
Jan-19	11.569	8.726	4.855	2.843
Feb-19	12.272	9.222	4.973	3.050
Mar-19	11.564	8.602	4.772	2.962
Apr-19	11.820	8.774	4.719	3.046
May-19	11.539	8.463	4.707	3.076
Jun-19	11.875	8.651	4.729	3.224
Jul-19	12.220	8.739	4.965	3.481
Aug-19	12.681	9.009	5.238	3.672
Sep-19	12.983	9.348	5.119	3.635
Oct-19	13.308	9.630	5.166	3.678
Nov-19	13.924	10.036	5.351	3.888
Dec-19	14.315	10.262	5.469	4.054
Jan-20	14.788	10.524	5.562	4.264
Feb-20	13.879	9.827	5.118	4.052
Mar-20	13.955	9.869	4.903	4.087
Apr-20	13.416	9.342	4.882	4.073
May-20	11.965	8.369	4.011	3.596
Jun-20	12.890	8.954	4.420	3.936
Jul-20	14.369	9.945	4.719	4.424
Aug-20	16.275	11.182	4.956	5.092
Sep-20	17.628	12.160	5.449	5.467
Oct-20	17.555	12.036	5.295	5.518
Nov-20	18.136	12.522	5.509	5.615
Dec-20	19.763	13.285	6.096	6.478
Jan-21	22.685	15.246	6.776	7.439
Feb-21	21.615	14.853	6.828	6.762
Mar-21	21.615	15.025	7.515	6.590
Apr-21	22.854	16.259	8.000	6.595
May-21	22.288	15.833	8.513	6.455
Jun-21	22.524	16.212	8.899	6.311
Jul-21	22.867	16.721	9.396	6.146
Aug-21	21.745	16.026	9.639	5.719
Sep-21	21.154	15.681	10.061	5.473
Oct-21	20.135	14.896	10.182	5.240
Nov-21	21.563	16.176	10.666	5.387
Dec-21	22.046	16.438	11.008	5.608
Jan-22	23.289	17.453	11.762	5.835
Feb-22	21.404	16.340	11.327	5.065
Mar-22	21.056	15.835	11.243	5.222
Apr-22	20.218	15.177	10.930	5.041
May-22	20.680	15.520	10.632	5.160
Jun-22	19.888	15.125	10.176	4.763
Jul-22	19.344	14.794	9.479	4.550
Aug-22	18.508	13.772	9.104	4.736
Sep-22	17.286	12.869	8.587	4.416
Oct-22	17.254	12.724	8.650	4.531
Nov-22	16.195	12.009	8.249	4.186
Dec-22	15.826	11.723	7.973	4.103
Jan-23	15.414	11.359	7.849	4.055
Feb-23	15.624	11.525	7.961	4.099
Mar-23	15.731	11.343	7.883	4.388
Apr-23	15.654	11.126	7.942	4.528
May-23	16.124	11.378	8.302	4.745
Jun-23	16.110	11.335	8.689	4.774
Jul-23	15.542	11.082	8.644	4.460
Aug-23	16.137	11.614	8.794	4.523
Sep-23	16.661	11.889	9.113	4.773
Oct-23	17.305	12.264	9.474	5.040
Nov-23	17.483	12.445	9.650	5.038
Dec-23	16.983	12.037	9.568	4.946
Jan-24	16.562	11.874	9.564	4.688
Feb-24	17.079	12.125	9.789	4.954
Mar-24	17.676	12.480	10.582	5.196
Apr-24	18.260	12.901	10.774	5.359
May-24	18.163	12.951	10.987	5.211
Jun-24	18.344	13.051	11.103	5.294
Jul-24	18.876	13.537	11.708	5.339

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

["","Owner-occupiers","Owner-occupiers (excluding first home buyers)","Investor","Owner-occupier first home buyers"]

[["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","Jun-23","Jul-23","Aug-23","Sep-23","Oct-23","Nov-23","Dec-23","Jan-24","Feb-24","Mar-24","Apr-24","May-24","Jun-24","Jul-24"],[[11.289999999999999],[10.994999999999999],[11.114000000000001],[11.403],[11.02],[11.356999999999999],[11.537000000000001],[11.295999999999999],[11.718999999999999],[11.832000000000001],[11.125999999999999],[11.984],[12.308999999999999],[13.263],[13.574],[13.137],[13.02],[12.909000000000001],[12.507],[12.718],[12.433],[12.791],[12.747999999999999],[12.696999999999999],[12.455],[12.313000000000001],[12.483000000000001],[12.599],[12.727],[13.098000000000001],[13.148999999999999],[13.231],[13.680999999999999],[13.598000000000001],[14.042],[13.954000000000001],[14.278],[14.523],[14.385999999999999],[14.077],[14.156000000000001],[14.029],[14.039999999999999],[14.276],[13.782999999999999],[13.769],[14.255000000000001],[14.034000000000001],[13.986000000000001],[13.295999999999999],[12.996],[13.098000000000001],[12.542],[11.766],[11.569000000000001],[12.272],[11.564],[11.82],[11.539],[11.875],[12.220000000000001],[12.680999999999999],[12.983000000000001],[13.308],[13.923999999999999],[14.315],[14.788],[13.879],[13.955],[13.416],[11.965],[12.890000000000001],[14.369],[16.274999999999999],[17.628],[17.555],[18.135999999999999],[19.763000000000002],[22.684999999999999],[21.614999999999998],[21.614999999999998],[22.853999999999999],[22.288],[22.524000000000001],[22.867000000000001],[21.745000000000001],[21.154],[20.135000000000002],[21.562999999999999],[22.045999999999999],[23.289000000000001],[21.404],[21.056000000000001],[20.218],[20.68],[19.888000000000002],[19.344000000000001],[18.507999999999999],[17.286000000000001],[17.254000000000001],[16.195],[15.826000000000001],[15.414],[15.624000000000001],[15.731],[15.654],[16.123999999999999],[16.109999999999999],[15.542],[16.137],[16.661000000000001],[17.305],[17.483000000000001],[16.983000000000001],[16.562000000000001],[17.079000000000001],[17.675999999999998],[18.260000000000002],[18.163],[18.344000000000001],[18.876000000000001]],[[8.8109999999999999],[8.5129999999999999],[8.6310000000000002],[8.9000000000000004],[8.5969999999999995],[8.9529999999999994],[9.1850000000000005],[8.7840000000000007],[9.1579999999999995],[9.2850000000000001],[8.7119999999999997],[9.4960000000000004],[9.8810000000000002],[10.849],[11.121],[10.801],[10.664],[10.448],[10.103],[10.297000000000001],[10.095000000000001],[10.305],[10.308999999999999],[10.285],[10.112],[10.041],[10.138999999999999],[10.206],[10.372],[10.710000000000001],[10.798],[10.893000000000001],[11.273],[11.161],[11.558],[11.297000000000001],[11.249000000000001],[11.327999999999999],[11.279],[10.936],[10.935],[10.789999999999999],[10.829000000000001],[10.952999999999999],[10.565],[10.585000000000001],[10.965],[10.657],[10.630000000000001],[10.106999999999999],[9.8569999999999993],[9.9169999999999998],[9.3940000000000001],[8.9469999999999992],[8.7260000000000009],[9.2219999999999995],[8.6020000000000003],[8.7739999999999991],[8.4629999999999992],[8.6509999999999998],[8.7390000000000008],[9.0090000000000003],[9.3480000000000008],[9.6300000000000008],[10.036],[10.262],[10.523999999999999],[9.827],[9.8689999999999998],[9.3420000000000005],[8.3689999999999998],[8.9540000000000006],[9.9450000000000003],[11.182],[12.16],[12.036],[12.522],[13.285],[15.246],[14.853],[15.025],[16.259],[15.833],[16.212],[16.721],[16.026],[15.680999999999999],[14.896000000000001],[16.175999999999998],[16.437999999999999],[17.452999999999999],[16.34],[15.835000000000001],[15.177],[15.52],[15.125],[14.794],[13.772],[12.869],[12.724],[12.009],[11.723000000000001],[11.359],[11.525],[11.343],[11.125999999999999],[11.378],[11.335000000000001],[11.082000000000001],[11.614000000000001],[11.888999999999999],[12.263999999999999],[12.445],[12.037000000000001],[11.874000000000001],[12.125],[12.48],[12.901],[12.951000000000001],[13.051],[13.537000000000001]],[[8.5370000000000008],[8.6630000000000003],[8.8970000000000002],[9.1509999999999998],[9.1150000000000002],[9.0920000000000005],[9.1669999999999998],[8.8930000000000007],[9.5109999999999992],[10.084],[9.1669999999999998],[9.1479999999999997],[8.827],[8.5069999999999997],[7.4039999999999999],[6.8739999999999997],[6.6639999999999997],[6.6970000000000001],[6.593],[6.6929999999999996],[6.6509999999999998],[6.8959999999999999],[7.2050000000000001],[7.4989999999999997],[7.6379999999999999],[7.593],[8.3350000000000009],[8.5869999999999997],[8.8469999999999995],[8.9060000000000006],[8.9860000000000007],[8.6400000000000006],[8.8670000000000009],[8.6170000000000009],[8.407],[8.141],[7.8760000000000003],[7.944],[7.8579999999999997],[7.5549999999999997],[7.407],[7.1420000000000003],[6.9009999999999998],[7.0350000000000001],[6.516],[6.3810000000000002],[6.5],[6.3280000000000003],[6.3209999999999997],[6.048],[5.8799999999999999],[5.7069999999999999],[5.399],[5.1020000000000003],[4.8550000000000004],[4.9729999999999999],[4.7720000000000002],[4.7190000000000003],[4.7069999999999999],[4.7290000000000001],[4.9649999999999999],[5.2380000000000004],[5.1189999999999998],[5.1660000000000004],[5.351],[5.4690000000000003],[5.5620000000000003],[5.1180000000000003],[4.9029999999999996],[4.8819999999999997],[4.0110000000000001],[4.4199999999999999],[4.7190000000000003],[4.9560000000000004],[5.4489999999999998],[5.2949999999999999],[5.5090000000000003],[6.0960000000000001],[6.7759999999999998],[6.8280000000000003],[7.5149999999999997],[8],[8.5129999999999999],[8.8989999999999991],[9.3960000000000008],[9.6389999999999993],[10.061],[10.182],[10.666],[11.007999999999999],[11.762],[11.327],[11.243],[10.93],[10.632],[10.176],[9.4789999999999992],[9.1039999999999992],[8.5869999999999997],[8.6500000000000004],[8.2490000000000006],[7.9729999999999999],[7.8490000000000002],[7.9610000000000003],[7.883],[7.9420000000000002],[8.3019999999999996],[8.6890000000000001],[8.6440000000000001],[8.7940000000000005],[9.1129999999999995],[9.4740000000000002],[9.6500000000000004],[9.5679999999999996],[9.5640000000000001],[9.7889999999999997],[10.582000000000001],[10.773999999999999],[10.987],[11.103],[11.708]],[[2.4790000000000001],[2.4820000000000002],[2.4830000000000001],[2.5030000000000001],[2.423],[2.4039999999999999],[2.3519999999999999],[2.512],[2.5609999999999999],[2.548],[2.4140000000000001],[2.488],[2.4279999999999999],[2.4140000000000001],[2.4529999999999998],[2.335],[2.3570000000000002],[2.4620000000000002],[2.4039999999999999],[2.4209999999999998],[2.3370000000000002],[2.4870000000000001],[2.4390000000000001],[2.4119999999999999],[2.343],[2.2719999999999998],[2.3439999999999999],[2.3919999999999999],[2.355],[2.3879999999999999],[2.351],[2.3380000000000001],[2.4089999999999998],[2.4369999999999998],[2.4849999999999999],[2.657],[3.0289999999999999],[3.1960000000000002],[3.1070000000000002],[3.141],[3.2210000000000001],[3.2389999999999999],[3.2109999999999999],[3.3239999999999998],[3.2189999999999999],[3.1840000000000002],[3.29],[3.3769999999999998],[3.3559999999999999],[3.1890000000000001],[3.1389999999999998],[3.1819999999999999],[3.1480000000000001],[2.819],[2.843],[3.0499999999999998],[2.9620000000000002],[3.0459999999999998],[3.0760000000000001],[3.2240000000000002],[3.4809999999999999],[3.6720000000000002],[3.6349999999999998],[3.6779999999999999],[3.8879999999999999],[4.0540000000000003],[4.2640000000000002],[4.0519999999999996],[4.0869999999999997],[4.0730000000000004],[3.5960000000000001],[3.9359999999999999],[4.4240000000000004],[5.0919999999999996],[5.4669999999999996],[5.5179999999999998],[5.6150000000000002],[6.4779999999999998],[7.4390000000000001],[6.7619999999999996],[6.5899999999999999],[6.5949999999999998],[6.4550000000000001],[6.3109999999999999],[6.1459999999999999],[5.7190000000000003],[5.4729999999999999],[5.2400000000000002],[5.3869999999999996],[5.6079999999999997],[5.835],[5.0650000000000004],[5.2220000000000004],[5.0410000000000004],[5.1600000000000001],[4.7629999999999999],[4.5499999999999998],[4.7359999999999998],[4.4160000000000004],[4.5309999999999997],[4.1859999999999999],[4.1029999999999998],[4.0549999999999997],[4.0990000000000002],[4.3879999999999999],[4.5279999999999996],[4.7450000000000001],[4.774],[4.46],[4.5229999999999997],[4.7729999999999997],[5.04],[5.0380000000000003],[4.9459999999999997],[4.6879999999999997],[4.9539999999999997],[5.1959999999999997],[5.359],[5.2110000000000003],[5.2939999999999996],[5.3390000000000004]]]

[]

[{"value":"0","axis_id":"0","axis_title":"Date","axis_units":"","tooltip_units":"","table_units":"","axis_min":null,"axis_max":null,"tick_interval":"12","precision":"-1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"value":"0","axis_id":"0","axis_title":"$ billions","axis_units":"","tooltip_units":"(b)","table_units":"($b)","axis_min":null,"axis_max":"25","tick_interval":null,"precision":"-1","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Mish Tan, ABS head of finance statistics, said: “Investors have continued to see the largest growth in new loans over the past year, increasing more than a third in value since July 2023, from $8.6 billion to $11.7 billion. This is close to the record high of $11.8 billion reached in January 2022.”

“The increased investor activity we’re seeing in the lending statistics is mostly because more loans are being approved, and is only partly driven by higher dwelling prices”, Dr Tan said.

Nationally, the average size of new owner-occupier loans and new investor loans reached the same all-time high of $641,000 in July.

Housing finance loan commitments by property purpose and state, seasonally adjusted – Jul 2024
		Aus *	NSW	Vic	Qld	SA	WA	Tas	NT	ACT
Owner-occupiers
	Value ($b) :	18.9	5.8	5.3	4.0	1.1	2.1	0.3	0.1	0.4
	Value change ($m):	531	151	143	244	29	0	0	-9	-64
	Value % change ** :	2.9	2.7	2.8	6.6	2.8	0	0	-11.7	-14.6 †
Owner-occupier first home buyers
	Number change:	80	49	12	147	-6	-72	13	-8	-29
	Number % change ** :	0.8	2.1	0.4	7.8	-1.0	-5.4	8.7	-13.3	-11.4 †
Investors
	Value change ($m):	605	170	106	200	19	220	-5	0	-28
	Value % change ** :	5.4	4.0	4.5	8.6	3.0	18.3	-4.9	0.5	-11.4

* 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 new loan commitments for total fixed term personal finance rose 2.2 per cent to $2.7 billion and was 20.2 per cent higher compared to a year ago. Lending for the purchase of road vehicles rose 4.9 per cent in the month.

The monthly Lending Indicators publication will transition to a quarterly release in late 2024.

The final monthly publication will be the September 2024 reference period, released 1 November 2024. The first quarterly publication will be December Quarter 2024, released in February 2025.

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 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.
For media requests and interviews, contact the ABS Media Team on 1300 175 070 or media@abs.gov.au (monitored 8:30am-5pm Canberra time, Monday-Friday).
Watch our data crash course, designed especially for journalists to learn how to find, download and interpret our data.
Subscribe to our media release notification service to get notified of ABS media releases or publications on their release.

APA

Citation

Value of new investor loans for housing up 5.4% in July

APA

Citation

Personal finance

The monthly Lending Indicators publication will transition to a quarterly release in late 2024.

Media notes

Provide feedback