The value of new loans granted for owner-occupied homes in Australia declined by 7.3 percent from the previous month to AUD 19.91 billion in April 2022, worse than market forecasts of a 1 percent fall and reversing from a 0.9 percent gain in March. The decline was dragged by falls in construction dwellings (-3.5 percent vs -0.5 percent in March), newly erected ones (-12.8% vs 5.4 percent), and existing ones (-7.2 percent vs 0.5 percent). On a yearly basis, the value of these loan commitments tumbled 12.8 percent. Meantime, the value of new loan commitments for total housing dropped 6.4 percent to AUD 31.0 billion in April, following a rise of 2.1 percent in March. source: Australian Bureau of Statistics
Home Loans in Australia averaged 11347.96 AUD Million from 2002 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Home Loans in Australia is expected to be 22000.00 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 20000.00 AUD Million in 2023, according to our econometric models.