The value of new loans granted for owner-occupied homes in Australia dropped by 0.4 percent from the previous month to AUD 22.77 billion in July 2021, after a 2.5 percent fall in June. This was the second straight month of declines, amid an ongoing coronavirus pandemic, with the value of loan commitments for the construction of new dwellings declining much softer (-4.7 percent vs -17.5 percent in June). Compared to the same month a year earlier, the value of these loan commitments jumped 58.3 percent. source: Australian Bureau of Statistics

Home Loans in Australia averaged 10908.96 AUD Million from 2002 until 2021, reaching an all time high of 23437.40 AUD Million in May of 2021 and a record low of 5986.30 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 - values, historical data and charts - was last updated on September of 2021.

Home Loans in Australia is expected to be 22350.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Home Loans is projected to trend around 19000.00 AUD Million in 2022 and 20000.00 AUD Million in 2023, according to our econometric models.

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Australia Home Loans

Actual Previous Highest Lowest Dates Unit Frequency
22770.00 22860.40 23437.40 5986.30 2002 - 2021 AUD Million Monthly

Australia Housing Last Previous Highest Lowest Unit
Building Permits -8.60 -5.50 31.70 -22.10 percent [+]
New Home Sales 7446.00 7038.00 20768.00 3647.00 Units [+]
Housing Index 6.70 5.40 6.70 -3.00 percent [+]
Home Loans 22770.00 22860.40 23437.40 5986.30 AUD Million [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output 0.80 2.40 17.90 -18.90 percent [+]
Construction PMI 38.40 48.70 61.80 21.60 points [+]

Australia Home Loans
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.