The value of new home loans for owner-occupied homes in Australia fell 4.2% MoM to AUD 15.55 billion in December 2022, declining for the seventh straight month and coming in worse than forecasts of a 2.75% drop. December’s figure was also 29.8% lower compared to a year ago. Construction of dwellings decreased by 4.9%, the purchase of newly erected dwellings - by 1.1%, and the purchase of existing dwellings - by 4.3%. On a geographical basis, the value of new loan commitments for owner-occupier housing fell in New South Wales (-4.2%), Victoria (-3.9%), Queensland (-4.8%), Australian Capital Territory (-13.8%), Western Australia (-1.7%), and South Australia (-1.8%). Meanwhile, the Northern Territory saw an increase of 4%. Tasmania showed no change. source: Australian Bureau of Statistics
Home Loans in Australia averaged 11566.99 AUD Million from 2002 until 2022, reaching an all time high of 22845.50 AUD Million in May of 2021 and a record low of 5980.30 AUD Million in August of 2002. This page provides - Australia Home Loans- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Home Loans - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Home Loans in Australia is expected to be 16000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.