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

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-1411.2908.8118.5372.479
Aug-1410.9958.5138.6632.482
Sep-1411.1148.6318.8972.483
Oct-1411.4038.9009.1512.503
Nov-1411.0208.5979.1152.423
Dec-1411.3578.9539.0922.404
Jan-1511.5379.1859.1672.352
Feb-1511.2968.7848.8932.512
Mar-1511.7199.1589.5112.561
Apr-1511.8329.28510.0842.548
May-1511.1268.7129.1672.414
Jun-1511.9849.4969.1482.488
Jul-1512.3099.8818.8272.428
Aug-1513.26310.8498.5072.414
Sep-1513.57411.1217.4042.453
Oct-1513.13710.8016.8742.335
Nov-1513.02010.6646.6642.357
Dec-1512.90910.4486.6972.462
Jan-1612.50710.1036.5932.404
Feb-1612.71810.2976.6932.421
Mar-1612.43310.0956.6512.337
Apr-1612.79110.3056.8962.487
May-1612.74810.3097.2052.439
Jun-1612.69710.2857.4992.412
Jul-1612.45510.1127.6382.343
Aug-1612.31310.0417.5932.272
Sep-1612.48310.1398.3352.344
Oct-1612.59910.2068.5872.392
Nov-1612.72710.3728.8472.355
Dec-1613.09810.7108.9062.388
Jan-1713.14910.7988.9862.351
Feb-1713.23110.8938.6402.338
Mar-1713.68111.2738.8672.409
Apr-1713.59811.1618.6172.437
May-1714.04211.5588.4072.485
Jun-1713.95411.2978.1412.657
Jul-1714.27811.2497.8763.029
Aug-1714.52311.3287.9443.196
Sep-1714.38611.2797.8583.107
Oct-1714.07710.9367.5553.141
Nov-1714.15610.9357.4073.221
Dec-1714.02910.7907.1423.239
Jan-1814.04010.8296.9013.211
Feb-1814.27610.9537.0353.324
Mar-1813.78310.5656.5163.219
Apr-1813.76910.5856.3813.184
May-1814.25510.9656.5003.290
Jun-1814.03410.6576.3283.377
Jul-1813.98610.6306.3213.356
Aug-1813.29610.1076.0483.189
Sep-1812.9969.8575.8803.139
Oct-1813.0989.9175.7073.182
Nov-1812.5429.3945.3993.148
Dec-1811.7668.9475.1022.819
Jan-1911.5698.7264.8552.843
Feb-1912.2729.2224.9733.050
Mar-1911.5648.6024.7722.962
Apr-1911.8208.7744.7193.046
May-1911.5398.4634.7073.076
Jun-1911.8758.6514.7293.224
Jul-1912.2208.7394.9653.481
Aug-1912.6819.0095.2383.672
Sep-1912.9839.3485.1193.635
Oct-1913.3089.6305.1663.678
Nov-1913.92410.0365.3513.888
Dec-1914.31510.2625.4694.054
Jan-2014.78810.5245.5624.264
Feb-2013.8799.8275.1184.052
Mar-2013.9559.8694.9034.087
Apr-2013.4169.3424.8824.073
May-2011.9658.3694.0113.596
Jun-2012.8908.9544.4203.936
Jul-2014.3699.9454.7194.424
Aug-2016.27511.1824.9565.092
Sep-2017.62812.1605.4495.467
Oct-2017.55512.0365.2955.518
Nov-2018.13612.5225.5095.615
Dec-2019.76313.2856.0966.478
Jan-2122.68515.2466.7767.439
Feb-2121.61514.8536.8286.762
Mar-2121.61515.0257.5156.590
Apr-2122.85416.2598.0006.595
May-2122.28815.8338.5136.455
Jun-2122.52416.2128.8996.311
Jul-2122.86716.7219.3966.146
Aug-2121.74516.0269.6395.719
Sep-2121.15415.68110.0615.473
Oct-2120.13514.89610.1825.240
Nov-2121.56316.17610.6665.387
Dec-2122.04616.43811.0085.608
Jan-2223.28917.45311.7625.835
Feb-2221.40416.34011.3275.065
Mar-2221.05615.83511.2435.222
Apr-2220.21815.17710.9305.041
May-2220.68015.52010.6325.160
Jun-2219.88815.12510.1764.763
Jul-2219.34414.7949.4794.550
Aug-2218.50813.7729.1044.736
Sep-2217.28612.8698.5874.416
Oct-2217.25412.7248.6504.531
Nov-2216.19512.0098.2494.186
Dec-2215.82611.7237.9734.103
Jan-2315.41411.3597.8494.055
Feb-2315.62411.5257.9614.099
Mar-2315.73111.3437.8834.388
Apr-2315.65411.1267.9424.528
May-2316.12411.3788.3024.745
Jun-2316.11011.3358.6894.774
Jul-2315.54211.0828.6444.460
Aug-2316.13711.6148.7944.523
Sep-2316.66111.8899.1134.773
Oct-2317.30512.2649.4745.040
Nov-2317.48312.4459.6505.038
Dec-2316.98312.0379.5684.946
Jan-2416.56211.8749.5644.688
Feb-2417.07912.1259.7894.954
Mar-2417.67612.48010.5825.196
Apr-2418.26012.90110.7745.359
May-2418.16312.95110.9875.211
Jun-2418.34413.05111.1035.294
Jul-2418.87613.53711.7085.339

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 *NSWVicQldSAWATasNTACT
Owner-occupiers
Value ($b) :18.95.85.34.01.12.10.30.10.4
Value change ($m):5311511432442900-9-64
Value % change ** :2.92.72.86.62.800-11.7-14.6 †
Owner-occupier first home buyers
Number change:804912147-6-7213-8-29
Number % change ** :0.82.10.47.8-1.0-5.48.7-13.3-11.4 †
Investors
Value change ($m):60517010620019220-50-28
Value % change ** :5.44.04.58.63.018.3-4.90.5-11.4

* 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

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 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.

/ABS Public Release. View in full here.