Australia Home Loans

Last Release

Feb 29, 2024

Actual

16,873.1

Units In

AUD Million

16,603.9

Frequency

Monthly

Next Release

May 03, 2024

Time to Release

24 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
23,196.2 Jan 2022	5,986.3 Aug 2002	11,827.31 AUD Million	2002-2024	Australian Bureau of Statistics

In Australia, Home Loans record the value of new loans granted for owner-occupied homes. A housing unit is said to be owner-occupied if the owner or co-owner lives in the unit. It is a leading indicator of demand in the housing market.

Latest Updates

The value of new home loans for owner-occupied homes in Australia grew by 1.6% month-on-month to A$ 16.87 billion in February 2024, falling short of market forecasts of 2.25% but reversing from a downwardly revised 0.9% drop in the prior month. Purchase of newly erected dwellings climbed (4.9% vs 2.1% in January) amid a rebound in the purchase of existing dwellings (1.7% vs -0.7%). However, construction of dwellings fell further (-2.1% vs -2.1%). Among states and territories, new home loans increased in Australia's Capital Territory (10.6%), Tasmania (9.4%), Queensland (7.4%), Northern Territory (4.1), and New South Wales (3.4%). Concurrently, new home loans were almost flat in Victoria while they fell in West Australia (-3.3%) and South Australia (-1.0%). On an annual basis, the value of new home loans jumped by 9.1%.