New housing loan commitments fell 0.9% in February

The value of new loan commitments for housing fell 0.9 per cent to $22.6 billion in February 2023 (seasonally adjusted), after a revised fall of 2.4 per cent in January, according to data released today by the Australian Bureau of Statistics (ABS).

Dane Mead, ABS head of Finance and Wealth, said: “The value of new owner-occupier loan commitments fell 1.2 per cent to $15.0 billion in February 2023, while the value of new investor loan commitments fell 0.5 per cent to $7.6 billion.

“Housing finance continued to decline from the record highs in January 2022, with the total value of new loan commitments falling 33 per cent since then.”

New loan commitments, total housing (seasonally adjusted and trend), values, Australia – excluding refinancing

	Total (seasadj) ($b)	Owner occupier (seasadj) ($b)	Investor (seasadj) ($b)	Total (trend) ($b)	Owner occupier (trend) ($b)	Investor (trend) ($b)
Feb-05	13.838	8.496	5.343	13.309	8.112	5.197
Mar-05	13.514	8.217	5.297	13.308	8.139	5.169
Apr-05	13.25	8.088	5.163	13.188	8.125	5.062
May-05	12.748	8.025	4.723	13.032	8.113	4.919
Jun-05	12.633	8.152	4.481	12.946	8.142	4.804
Jul-05	12.845	8.085	4.76	12.986	8.229	4.757
Aug-05	12.896	8.308	4.589	13.158	8.363	4.795
Sep-05	13.531	8.643	4.888	13.418	8.519	4.899
Oct-05	14.027	8.715	5.312	13.697	8.671	5.026
Nov-05	14.063	8.851	5.212	13.934	8.804	5.13
Dec-05	14.036	8.878	5.158	14.125	8.924	5.201
Jan-06	14.259	8.956	5.303	14.295	9.04	5.255
Feb-06	14.433	9.18	5.253	14.466	9.162	5.304
Mar-06	14.537	9.268	5.269	14.667	9.297	5.369
Apr-06	14.803	9.46	5.343	14.874	9.424	5.45
May-06	15.2	9.494	5.705	15.026	9.511	5.515
Jun-06	15.492	9.516	5.977	15.061	9.536	5.526
Jul-06	15.28	9.79	5.49	14.963	9.498	5.465
Aug-06	15.005	9.492	5.513	14.768	9.421	5.347
Sep-06	14.163	9.169	4.995	14.554	9.342	5.212
Oct-06	14.329	9.276	5.053	14.415	9.297	5.117
Nov-06	14.205	9.232	4.973	14.42	9.316	5.104
Dec-06	14.589	9.401	5.188	14.601	9.411	5.19
Jan-07	14.959	9.579	5.38	14.95	9.588	5.362
Feb-07	15.402	9.768	5.634	15.424	9.824	5.6
Mar-07	15.919	10.081	5.838	15.952	10.086	5.866
Apr-07	16.304	10.269	6.035	16.466	10.351	6.115
May-07	17.119	10.694	6.424	16.906	10.596	6.31
Jun-07	18.247	11.341	6.906	17.22	10.79	6.43
Jul-07	17.418	10.785	6.633	17.39	10.916	6.474
Aug-07	17.434	11.056	6.379	17.415	10.957	6.458
Sep-07	16.753	10.442	6.311	17.332	10.924	6.408
Oct-07	16.872	10.771	6.101	17.164	10.822	6.342
Nov-07	16.995	10.661	6.335	16.913	10.65	6.262
Dec-07	16.546	10.363	6.183	16.546	10.397	6.149
Jan-08	16.876	10.782	6.094	16.029	10.054	5.975
Feb-08	15.69	9.913	5.777	15.377	9.641	5.736
Mar-08	14.561	9.147	5.415	14.647	9.198	5.449
Apr-08	13.861	8.697	5.164	13.932	8.768	5.163
May-08	12.996	8.199	4.797	13.336	8.406	4.93
Jun-08	12.944	8.199	4.746	12.934	8.161	4.773
Jul-08	12.781	8.133	4.649	12.736	8.052	4.684
Aug-08	12.619	7.961	4.659	12.731	8.087	4.645
Sep-08	12.975	8.245	4.73	12.884	8.259	4.625
Oct-08	13.396	8.562	4.834	13.168	8.563	4.604
Nov-08	13.039	8.546	4.493	13.588	9.004	4.584
Dec-08	13.926	9.378	4.549	14.134	9.558	4.576
Jan-09	14.885	10.226	4.659	14.774	10.176	4.598
Feb-09	15.364	10.782	4.583	15.44	10.781	4.659
Mar-09	16.711	11.971	4.74	16.058	11.293	4.766
Apr-09	17.024	11.925	5.099	16.57	11.659	4.911
May-09	16.856	11.83	5.026	16.948	11.868	5.08
Jun-09	17.202	11.97	5.232	17.206	11.945	5.261
Jul-09	17.221	11.773	5.447	17.369	11.924	5.444
Aug-09	17.328	11.63	5.698	17.439	11.829	5.609
Sep-09	17.878	12.173	5.705	17.393	11.654	5.739
Oct-09	17.613	11.804	5.809	17.223	11.394	5.829
Nov-09	17.075	11.09	5.985	16.924	11.047	5.878
Dec-09	16.491	10.607	5.884	16.538	10.644	5.894
Jan-10	15.941	10.11	5.832	16.139	10.236	5.904
Feb-10	15.667	9.793	5.874	15.791	9.873	5.918
Mar-10	15.552	9.602	5.95	15.535	9.599	5.936
Apr-10	15.268	9.363	5.906	15.365	9.421	5.944
May-10	15.415	9.434	5.981	15.24	9.314	5.927
Jun-10	15.113	9.122	5.991	15.122	9.248	5.874
Jul-10	15.04	9.289	5.751	14.997	9.211	5.786
Aug-10	14.616	9.227	5.389	14.868	9.194	5.675
Sep-10	14.626	9.148	5.479	14.748	9.19	5.559
Oct-10	14.655	9.158	5.497	14.633	9.182	5.452
Nov-10	14.708	9.324	5.384	14.513	9.158	5.356
Dec-10	15.032	9.451	5.581	14.387	9.114	5.273
Jan-11	14.152	9.01	5.142	14.258	9.058	5.2
Feb-11	14.062	8.872	5.19	14.143	9.007	5.137
Mar-11	13.626	8.828	4.798	14.063	8.973	5.09
Apr-11	13.994	8.998	4.996	14.03	8.965	5.064
May-11	14.235	9.088	5.147	14.037	8.977	5.06
Jun-11	14.136	9.096	5.04	14.053	8.99	5.063
Jul-11	14.082	9.033	5.049	14.057	8.989	5.068
Aug-11	14.166	9.037	5.129	14.049	8.973	5.076
Sep-11	13.94	8.803	5.138	14.053	8.956	5.097
Oct-11	13.86	8.859	5.001	14.082	8.948	5.133
Nov-11	14.039	8.956	5.083	14.135	8.946	5.189
Dec-11	14.729	9.405	5.324	14.196	8.941	5.255
Jan-12	14.771	9.397	5.374	14.252	8.934	5.318
Feb-12	14.078	8.677	5.401	14.302	8.93	5.372
Mar-12	14.093	8.704	5.389	14.348	8.94	5.408
Apr-12	14.345	8.925	5.421	14.41	8.984	5.427
May-12	14.506	9.109	5.396	14.503	9.068	5.435
Jun-12	14.735	9.248	5.487	14.623	9.178	5.445
Jul-12	14.776	9.28	5.496	14.743	9.281	5.462
Aug-12	14.871	9.44	5.432	14.848	9.358	5.49
Sep-12	15.1	9.495	5.605	14.94	9.404	5.537
Oct-12	14.907	9.384	5.522	15.057	9.441	5.615
Nov-12	15.186	9.432	5.754	15.238	9.505	5.734
Dec-12	15.37	9.528	5.842	15.506	9.613	5.894
Jan-13	15.893	9.794	6.1	15.851	9.768	6.083
Feb-13	16.137	9.876	6.262	16.233	9.954	6.279
Mar-13	16.887	10.354	6.533	16.599	10.141	6.458
Apr-13	16.932	10.297	6.635	16.906	10.297	6.608
May-13	17.232	10.432	6.8	17.148	10.413	6.734
Jun-13	17.296	10.475	6.822	17.37	10.504	6.867
Jul-13	17.476	10.516	6.96	17.619	10.587	7.032
Aug-13	17.355	10.232	7.124	17.918	10.673	7.245
Sep-13	18.205	10.761	7.443	18.255	10.773	7.483
Oct-13	18.695	10.894	7.801	18.595	10.89	7.705
Nov-13	19.23	11.18	8.05	18.894	11.015	7.879
Dec-13	19.005	10.953	8.052	19.125	11.133	7.992
Jan-14	19.182	11.188	7.994	19.279	11.23	8.049
Feb-14	19.371	11.445	7.927	19.38	11.303	8.076
Mar-14	19.485	11.381	8.104	19.452	11.346	8.106
Apr-14	19.581	11.315	8.266	19.508	11.348	8.159
May-14	19.502	11.228	8.275	19.566	11.315	8.251
Jun-14	19.63	11.389	8.241	19.639	11.259	8.379
Jul-14	19.816	11.28	8.536	19.737	11.202	8.534
Aug-14	19.621	10.97	8.651	19.877	11.177	8.7
Sep-14	20.007	11.115	8.892	20.042	11.186	8.856
Oct-14	20.593	11.424	9.168	20.216	11.222	8.994
Nov-14	20.042	10.949	9.093	20.394	11.285	9.109
Dec-14	20.484	11.382	9.101	20.563	11.361	9.202
Jan-15	20.707	11.534	9.174	20.718	11.436	9.282
Feb-15	20.114	11.286	8.828	20.854	11.5	9.354
Mar-15	21.261	11.738	9.524	20.975	11.573	9.402
Apr-15	21.802	11.78	10.021	21.075	11.688	9.387
May-15	20.331	11.145	9.186	21.131	11.867	9.263
Jun-15	21.125	11.985	9.14	21.111	12.111	9
Jul-15	21.175	12.328	8.847	21.007	12.399	8.608
Aug-15	21.686	13.208	8.479	20.809	12.673	8.136
Sep-15	20.955	13.561	7.394	20.531	12.883	7.648
Oct-15	20.02	13.139	6.881	20.2	12.99	7.21
Nov-15	19.642	12.986	6.656	19.848	12.979	6.869
Dec-15	19.591	12.892	6.699	19.544	12.887	6.656
Jan-16	19.135	12.526	6.609	19.356	12.779	6.577
Feb-16	19.365	12.741	6.624	19.313	12.703	6.61
Mar-16	19.105	12.448	6.658	19.394	12.666	6.728
Apr-16	19.581	12.72	6.862	19.56	12.646	6.914
May-16	20.001	12.783	7.219	19.768	12.616	7.152
Jun-16	20.199	12.69	7.509	19.99	12.563	7.427
Jul-16	20.078	12.43	7.649	20.226	12.501	7.725
Aug-16	19.884	12.313	7.571	20.492	12.465	8.027
Sep-16	20.774	12.451	8.322	20.8	12.486	8.314
Oct-16	21.191	12.608	8.583	21.146	12.58	8.567
Nov-16	21.509	12.691	8.818	21.527	12.752	8.775
Dec-16	21.979	13.053	8.926	21.89	12.973	8.917
Jan-17	22.229	13.229	9	22.174	13.2	8.974
Feb-17	21.737	13.196	8.541	22.341	13.406	8.935
Mar-17	22.608	13.729	8.879	22.4	13.589	8.811
Apr-17	22.623	13.863	8.76	22.386	13.759	8.627
May-17	22.093	13.799	8.294	22.332	13.916	8.416
Jun-17	22.094	13.942	8.152	22.263	14.054	8.209
Jul-17	22.121	14.234	7.887	22.185	14.162	8.024
Aug-17	22.372	14.443	7.929	22.079	14.22	7.859
Sep-17	22.109	14.299	7.81	21.941	14.234	7.708
Oct-17	21.649	14.119	7.53	21.766	14.213	7.553
Nov-17	21.516	14.117	7.399	21.532	14.154	7.378
Dec-17	21.169	14.002	7.167	21.27	14.083	7.186
Jan-18	21.21	14.273	6.938	21.029	14.033	6.996
Feb-18	21.127	14.194	6.933	20.84	14.016	6.824
Mar-18	20.438	13.853	6.586	20.702	14.02	6.682
Apr-18	20.143	13.766	6.377	20.576	14.014	6.562
May-18	20.706	14.197	6.509	20.419	13.965	6.455
Jun-18	20.299	13.982	6.317	20.196	13.851	6.345
Jul-18	20.207	13.906	6.302	19.876	13.66	6.217
Aug-18	19.415	13.36	6.055	19.439	13.386	6.053
Sep-18	18.663	12.818	5.845	18.895	13.045	5.85
Oct-18	18.896	13.22	5.676	18.3	12.682	5.619
Nov-18	17.841	12.47	5.371	17.739	12.354	5.385
Dec-18	16.932	11.793	5.139	17.259	12.087	5.172
Jan-19	16.661	11.743	4.918	16.874	11.881	4.993
Feb-19	17.04	12.151	4.889	16.596	11.738	4.858
Mar-19	16.473	11.676	4.797	16.432	11.662	4.77
Apr-19	16.435	11.714	4.721	16.393	11.663	4.731
May-19	16.314	11.593	4.721	16.481	11.747	4.734
Jun-19	16.537	11.799	4.738	16.701	11.925	4.776
Jul-19	16.997	12.144	4.853	17.065	12.209	4.856
Aug-19	17.852	12.598	5.254	17.565	12.594	4.971
Sep-19	18.057	12.968	5.088	18.145	13.041	5.104
Oct-19	18.604	13.441	5.163	18.687	13.463	5.224
Nov-19	19.403	14.005	5.398	19.081	13.783	5.299
Dec-19	19.568	14.148	5.42	19.261	13.951	5.311
Jan-20	19.794	14.454	5.34	19.226	13.963	5.262
Feb-20	19.132	13.942	5.19	19.045	13.869	5.177
Mar-20	19.187	14.213	4.975	18.859	13.761	5.099
Apr-20	18.194	13.332	4.862	18.834	13.76	5.075
May-20	16.274	12.147	4.128	18.294	13.956	4.338
Jun-20	17.227	12.806	4.421	18.831	14.368	4.463
Jul-20	19.003	14.353	4.65	19.867	15.226	4.641
Aug-20	21.27	16.287	4.983	21.087	16.231	4.856
Sep-20	22.603	17.273	5.331	22.11	17.017	5.093
Oct-20	23.11	17.758	5.353	23.229	17.867	5.361
Nov-20	24.097	18.511	5.586	24.368	18.691	5.677
Dec-20	25.581	19.54	6.041	25.58	19.531	6.049
Jan-21	28.364	21.879	6.486	26.852	20.375	6.476
Feb-21	28.652	21.78	6.872	28.131	21.183	6.948
Mar-21	29.794	22.133	7.661	29.302	21.862	7.439
Apr-21	30.561	22.628	7.933	30.391	22.465	7.926
May-21	31.724	22.874	8.85	31.042	22.652	8.39
Jun-21	31.174	22.335	8.839	31.408	22.583	8.825
Jul-21	31.773	22.477	9.295	31.573	22.342	9.231
Aug-21	31.24	21.66	9.58	31.668	22.051	9.617
Sep-21	30.921	20.943	9.978	31.813	21.82	9.994
Oct-21	30.789	20.518	10.271	32.077	21.712	10.366
Nov-21	32.393	21.665	10.728	32.409	21.694	10.714
Dec-21	33.027	22.084	10.943	32.71	21.696	11.014
Jan-22	33.901	22.525	11.376	32.883	21.652	11.231
Feb-22	32.76	21.437	11.323	32.833	21.508	11.325
Mar-22	32.639	21.286	11.353	32.51	21.243	11.267
Apr-22	31.495	20.464	11.031	31.916	20.867	11.049
May-22	31.352	20.584	10.767	31.076	20.387	10.689
Jun-22	30.315	20.014	10.301	30.054	19.816	10.238
Jul-22	28.293	18.971	9.322	28.907	19.156	9.751
Aug-22	27.467	18.436	9.03	27.69	18.415	9.275
Sep-22	26.323	17.548	8.775	26.476	17.636	8.839
Oct-22	25.495	16.95	8.545	25.345	16.882	8.463
Nov-22	24.392	16.172	8.219	24.371	16.214	8.156
Dec-22	23.418	15.509	7.909	23.606	15.68	7.926
Jan-23	22.855	15.185	7.671	23.062	15.287	7.775
Feb-23	22.643	15.01	7.633	22.737	15.036	7.701

The value of owner-occupier housing loan refinancing between lenders rose 3.5 per cent to a new record high of $13.6 billion in February 2023. Borrowers continued to switch lenders for lower interest rates as the RBA’s cash rate rose.

Refinancing (seasonally adjusted), values, Australia

	Total refinancing ($b)	Owner-occupier refinancing ($b)	Investor refinancing ($b)
Feb-05	3.588	2.826	0.762
Mar-05	3.705	2.965	0.74
Apr-05	3.826	3.061	0.765
May-05	3.97	3.102	0.868
Jun-05	3.956	3.039	0.917
Jul-05	4.035	3.117	0.918
Aug-05	4.029	3.103	0.926
Sep-05	4.179	3.236	0.943
Oct-05	4.123	3.181	0.942
Nov-05	4.129	3.209	0.92
Dec-05	4.367	3.16	1.208
Jan-06	3.89	3.041	0.848
Feb-06	4.188	3.195	0.994
Mar-06	4.047	3.157	0.89
Apr-06	4.276	3.177	1.1
May-06	4.051	3.301	0.75
Jun-06	4.223	3.392	0.831
Jul-06	4.33	3.497	0.834
Aug-06	4.448	3.555	0.893
Sep-06	4.456	3.552	0.904
Oct-06	4.463	3.611	0.852
Nov-06	4.531	3.627	0.904
Dec-06	4.433	3.488	0.945
Jan-07	4.546	3.487	1.059
Feb-07	4.625	3.461	1.164
Mar-07	4.478	3.386	1.092
Apr-07	4.663	3.535	1.128
May-07	4.508	3.459	1.049
Jun-07	4.522	3.486	1.036
Jul-07	4.233	3.173	1.06
Aug-07	4.483	3.418	1.064
Sep-07	4.514	3.407	1.108
Oct-07	4.385	3.251	1.134
Nov-07	4.666	3.438	1.228
Dec-07	4.791	3.606	1.185
Jan-08	4.941	3.671	1.27
Feb-08	4.895	3.624	1.271
Mar-08	4.693	3.503	1.19
Apr-08	4.587	3.384	1.203
May-08	4.333	3.194	1.14
Jun-08	4.163	3.148	1.015
Jul-08	4.362	3.131	1.231
Aug-08	4.304	3.129	1.175
Sep-08	4.092	2.836	1.256
Oct-08	4.473	3.127	1.346
Nov-08	4.584	3.226	1.358
Dec-08	5.029	3.523	1.506
Jan-09	4.938	3.401	1.537
Feb-09	4.73	3.146	1.584
Mar-09	5.107	3.448	1.659
Apr-09	5.072	3.471	1.601
May-09	5.007	3.444	1.563
Jun-09	4.875	3.386	1.489
Jul-09	4.602	3.215	1.387
Aug-09	4.386	3.001	1.385
Sep-09	4.247	2.939	1.308
Oct-09	4.17	2.926	1.244
Nov-09	4.071	2.821	1.25
Dec-09	3.78	2.756	1.024
Jan-10	3.574	2.586	0.988
Feb-10	3.525	2.669	0.856
Mar-10	3.474	2.648	0.826
Apr-10	3.431	2.603	0.828
May-10	3.577	2.635	0.941
Jun-10	3.636	2.72	0.915
Jul-10	3.732	2.817	0.915
Aug-10	3.827	2.911	0.916
Sep-10	3.851	2.929	0.922
Oct-10	4.02	3.019	1
Nov-10	4.073	3.075	0.998
Dec-10	4.435	3.413	1.022
Jan-11	4.132	3.205	0.927
Feb-11	3.927	2.977	0.95
Mar-11	3.964	2.935	1.029
Apr-11	4.237	3.176	1.06
May-11	4.556	3.39	1.166
Jun-11	4.51	3.361	1.148
Jul-11	4.753	3.542	1.211
Aug-11	4.865	3.642	1.223
Sep-11	4.895	3.634	1.262
Oct-11	4.758	3.549	1.209
Nov-11	4.734	3.524	1.21
Dec-11	5.045	3.723	1.322
Jan-12	5.102	3.728	1.374
Feb-12	5.164	3.694	1.47
Mar-12	5.212	3.684	1.528
Apr-12	4.912	3.614	1.298
May-12	4.998	3.572	1.426
Jun-12	4.986	3.489	1.496
Jul-12	4.887	3.406	1.48
Aug-12	5.026	3.436	1.59
Sep-12	5.003	3.405	1.598
Oct-12	5.022	3.486	1.536
Nov-12	5.096	3.454	1.643
Dec-12	4.938	3.387	1.551
Jan-13	5.106	3.43	1.676
Feb-13	5.082	3.434	1.648
Mar-13	5.204	3.573	1.631
Apr-13	5.372	3.648	1.724
May-13	5.426	3.755	1.671
Jun-13	5.618	3.909	1.708
Jul-13	6.468	3.809	2.659
Aug-13	6.15	3.642	2.508
Sep-13	6.725	3.915	2.811
Oct-13	6.817	3.876	2.941
Nov-13	6.944	3.939	3.005
Dec-13	6.887	3.864	3.023
Jan-14	6.892	3.896	2.996
Feb-14	7.329	4.212	3.117
Mar-14	7.125	3.961	3.164
Apr-14	7.371	4.046	3.325
May-14	7.456	4.081	3.374
Jun-14	7.598	4.172	3.426
Jul-14	7.838	4.282	3.556
Aug-14	7.799	4.261	3.538
Sep-14	8.051	4.29	3.761
Oct-14	8.398	4.41	3.989
Nov-14	8.424	4.467	3.957
Dec-14	8.695	4.605	4.09
Jan-15	8.733	4.702	4.031
Feb-15	9.055	4.952	4.103
Mar-15	9.304	5.003	4.302
Apr-15	9.362	5.21	4.153
May-15	9.256	4.979	4.277
Jun-15	9.145	5.332	3.813
Jul-15	8.929	5.425	3.504
Aug-15	8.795	5.46	3.335
Sep-15	8.812	5.749	3.063
Oct-15	8.986	5.911	3.076
Nov-15	9.246	6.091	3.155
Dec-15	9.705	6.464	3.241
Jan-16	9.312	6.033	3.279
Feb-16	9.376	6.026	3.35
Mar-16	9.424	6.21	3.215
Apr-16	9.413	6.204	3.21
May-16	9.367	6.045	3.322
Jun-16	9.679	6.066	3.613
Jul-16	9.678	6.092	3.586
Aug-16	9.43	5.766	3.664
Sep-16	9.592	6.058	3.534
Oct-16	8.991	5.804	3.186
Nov-16	9.076	5.674	3.402
Dec-16	9.011	5.572	3.439
Jan-17	9.088	5.745	3.344
Feb-17	8.699	5.404	3.295
Mar-17	8.763	5.412	3.351
Apr-17	8.597	5.291	3.305
May-17	8.693	5.34	3.353
Jun-17	8.739	5.293	3.446
Jul-17	8.599	5.14	3.458
Aug-17	8.973	5.236	3.737
Sep-17	8.725	5.334	3.391
Oct-17	8.464	5.333	3.131
Nov-17	8.964	5.529	3.435
Dec-17	9.27	5.717	3.553
Jan-18	9.624	5.792	3.832
Feb-18	9.752	5.753	3.998
Mar-18	9.264	5.558	3.706
Apr-18	9.388	5.629	3.759
May-18	9.204	5.622	3.582
Jun-18	8.771	5.358	3.413
Jul-18	9.117	5.726	3.391
Aug-18	8.992	5.611	3.381
Sep-18	8.698	5.366	3.333
Oct-18	9.034	5.582	3.452
Nov-18	8.967	5.529	3.438
Dec-18	8.655	5.374	3.282
Jan-19	8.381	5.175	3.207
Feb-19	8.52	5.333	3.187
Mar-19	8.499	5.249	3.25
Apr-19	8.37	5.189	3.182
May-19	8.418	5.207	3.211
Jun-19	8.016	4.816	3.2
Jul-19	8.379	5.274	3.105
Aug-19	9.032	5.593	3.439
Sep-19	9.861	6.134	3.727
Oct-19	9.817	6.05	3.768
Nov-19	10.121	6.258	3.862
Dec-19	10.396	6.515	3.88
Jan-20	10.834	6.95	3.884
Feb-20	11.155	7.205	3.95
Mar-20	10.757	6.85	3.908
Apr-20	11.569	7.493	4.076
May-20	14.162	9.411	4.752
Jun-20	13.62	8.867	4.753
Jul-20	10.516	6.793	3.723
Aug-20	10.918	6.894	4.024
Sep-20	12.741	7.975	4.766
Oct-20	12.233	7.588	4.645
Nov-20	10.331	6.359	3.971
Dec-20	11.346	7.119	4.227
Jan-21	12.364	7.973	4.392
Feb-21	13.708	8.886	4.822
Mar-21	13.182	8.548	4.634
Apr-21	13.764	8.988	4.776
May-21	14.785	9.696	5.09
Jun-21	15.174	9.951	5.223
Jul-21	16.745	11.034	5.711
Aug-21	16.949	10.732	6.217
Sep-21	16.221	10.352	5.868
Oct-21	16.277	10.505	5.772
Nov-21	16.162	10.513	5.65
Dec-21	16.18	10.723	5.458
Jan-22	15.132	9.777	5.355
Feb-22	16.212	10.773	5.439
Mar-22	16.587	11.011	5.576
Apr-22	16.853	11.367	5.487
May-22	17.103	11.68	5.422
Jun-22	17.92	12.394	5.525
Jul-22	17.763	12.279	5.484
Aug-22	18.523	12.51	6.013
Sep-22	18.229	12.505	5.724
Oct-22	18.047	12.336	5.711
Nov-22	19.41	13.329	6.081
Dec-22	19.14	13.021	6.119
Jan-23	19.348	13.159	6.189
Feb-23	19.869	13.618	6.251

The number of new owner-occupier first home buyer loan commitments fell 3.5 per cent in February 2023, after a revised fall of 4.6 per cent in January.

“Owner-occupier first home buyer lending continued to decline from the high reached in January 2021, to the lowest level seen since May 2017. It was also 27 per cent lower than February 2020, prior to the COVID-19 pandemic,” Mr Mead said.

		Aus *	NSW	Vic	Qld	SA	WA	Tas	NT	ACT
Owner-occupiers
	Value ($b) :	15.0	4.8	4.2	2.9	0.9	1.5	0.2	0.08	0.4
	Value change ($m):	-175	294	96	-104	-20	-39	-12	-21	-11
	Value % change ** :	-1.2	6.5	2.3	-3.5	-2.2	-2.5	-5.1	-21.2 †	-2.8
Owner-occupier first home buyers
	Number change:	-251	91	-57	-8	-22	-81	-3	2	31
	Number % change ** :	-3.5	5.9	-2.7	-0.5	-4.9	-7.3	-2.2	3.0	14.9 †
Investors
	Value change ($m):	-38	200	-80	-73	30	20	14	-11	-95
	Value % change ** :	-0.5	6.9	-4.0	-4.9	7.9	3.4	17.2 †	-27.8 †	-36.9 †

* 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

The value of total new loan commitments for fixed term personal finance rose 1.1 per cent. Lending for the purchase of road vehicles fell 0.3 per cent.

/ABS Public Release. View in full here.

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