The value of new loans granted for owner-occupied homes in Australia unexpectedly rose by 2.1 percent from the previous month to AUD 21.18 billion in May 2022, beating market forecasts of a 2.0 percent fall and reversing from a 7.3 percent decline in April. The rebound was supported by rises in construction dwellings (12.3 percent vs -3.5 percent in April), purchases of newly erected dwellings (2.3 percent vs -12.8 percent), and purchases of existing ones (0.3 percent vs -7.2 percent). On a yearly basis, the value of these loan commitments fell 9.7 percent. Meantime, the value of new loan commitments for total housing went up 1.7 percent to AUD 32.4 billion in May, following a decrease of 2.8 percent in April, when the proximity of Easter and ANZAC day public holidays reduced the processing of loan applications. Key lenders attributed the rise in May to a clearing of processing backlogs. source: Australian Bureau of Statistics
Home Loans in Australia averaged 11390.65 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 July 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.