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Housing loans fell 4.1% in December: Australia

The total value of new loan commitments for housing fell 4.1 per cent in December 2023, according to data released today by the Australian Bureau of Statistics (ABS).

Owner-occupier loan commitments fell 5.6 per cent, while investor loan commitments fell 1.3 per cent.

Mish Tan, ABS head of finance statistics, said: “While the value of investor and owner-occupier loans fell in the month of December, through the year growth was 20.4 per cent for investor loans and 7.4 per cent for owner-occupier loans.”

New commitments for housing excluding refinancing (seasonally adjusted and trend), value, Australia

Total (seasadj) ($b)Owner occupier (seasadj) ($b)Investor (seasadj) ($b)Total (trend) ($b)Owner occupier (trend) ($b)Investor (trend) ($b)
Dec-0514.0378.885.15714.1228.9255.197
Jan-0614.2598.9565.30314.2919.045.251
Feb-0614.4319.1795.25214.469.1595.301
Mar-0614.5439.275.27214.669.2935.367
Apr-0614.7589.445.31814.8689.4195.449
May-0615.2349.5115.72315.0219.5075.515
Jun-0615.5019.5155.98515.069.5335.527
Jul-0615.2829.795.49214.9649.4965.468
Aug-0615.0079.4945.51214.7729.4225.35
Sep-0614.169.174.9914.5579.3435.214
Oct-0614.3339.2765.05614.4169.2985.118
Nov-0614.2059.2334.97214.429.3165.104
Dec-0614.5879.4025.18514.69.4115.19
Jan-0714.9549.5765.37814.9489.5875.361
Feb-0715.4019.7675.63415.4229.8235.599
Mar-0715.91510.0795.83615.9510.0845.866
Apr-0716.31410.2726.04216.46510.356.115
May-0717.11210.6946.41816.90510.5946.311
Jun-0718.25311.3426.91117.21910.7896.431
Jul-0717.41910.7846.63517.38810.9146.474
Aug-0717.43111.0526.37817.41310.9556.457
Sep-0716.75910.4516.30817.32910.9216.407
Oct-0716.86810.7686.117.16110.826.341
Nov-0716.99410.6596.33516.9110.6486.262
Dec-0716.54710.3616.18616.54410.3966.148
Jan-0816.8810.7866.09416.02810.0535.975
Feb-0815.6849.9095.77515.3769.6415.736
Mar-0814.5579.1435.41414.6479.1995.448
Apr-0813.878.7065.16513.9328.7695.163
May-0812.9928.1974.79513.3368.4074.929
Jun-0812.9448.1964.74912.9358.1614.774
Jul-0812.7838.1344.64912.7398.0524.687
Aug-0812.6237.9634.6612.7368.0874.649
Sep-0812.988.2474.73312.8898.2594.629
Oct-0813.3878.564.82713.1728.5634.609
Nov-0813.0458.5514.49413.599.0034.588
Dec-0813.9229.3744.54814.1349.5564.579
Jan-0914.88310.2244.65914.77410.1744.601
Feb-0915.36410.7814.58315.44110.784.661
Mar-0916.7111.9684.74216.0611.2924.768
Apr-0917.02411.9275.09616.57311.6584.915
May-0916.85811.8335.02516.9511.8675.083
Jun-0917.20311.9675.23617.20611.9425.263
Jul-0917.21411.775.44417.36611.925.445
Aug-0917.32811.6265.70117.43311.8245.609
Sep-0917.89112.1875.70417.38711.6485.738
Oct-0917.60711.8025.80517.21811.3895.828
Nov-0917.0711.0855.98516.92111.0445.877
Dec-0916.49310.6085.88516.53710.6425.894
Jan-1015.94410.1135.83216.13810.2355.904
Feb-1015.6679.7935.87415.7919.8735.918
Mar-1015.559.6015.9515.5359.5995.936
Apr-1015.2639.365.90315.3649.425.944
May-1015.4149.4325.98315.249.3135.926
Jun-1015.129.1295.9915.1219.2485.873
Jul-1015.0399.2875.75214.9969.2125.785
Aug-1014.629.2275.39214.8689.1955.673
Sep-1014.6279.1495.47814.7499.1915.557
Oct-1014.6549.1615.49314.6349.1845.45
Nov-1014.7089.3235.38614.5159.1595.355
Dec-1015.0269.4475.5814.3899.1165.273
Jan-1114.1499.0065.14214.269.065.2
Feb-1114.0638.8725.19114.1459.0085.137
Mar-1113.6268.8284.79814.0638.9745.089
Apr-1113.9979.0024.99514.038.9665.064
May-1114.2359.0875.14814.0378.9785.06
Jun-1114.1349.0945.04114.0548.9915.063
Jul-1114.0859.0365.0514.0598.9915.068
Aug-1114.179.045.1314.0528.9755.077
Sep-1113.9398.85.13814.0578.9595.098
Oct-1113.8558.8564.99914.0858.9515.134
Nov-1114.0478.9655.08214.1388.9485.19
Dec-1114.7249.45.32414.1998.9435.256
Jan-1214.7699.3955.37414.2548.9365.319
Feb-1214.088.6795.40114.3038.9315.372
Mar-1214.0888.6995.38914.3498.9415.408
Apr-1214.3428.9215.42114.4118.9845.427
May-1214.5099.1125.39714.5049.0695.435
Jun-1214.7379.2515.48714.6249.1795.445
Jul-1214.7779.285.49714.7459.2825.463
Aug-1214.8729.4395.43214.8499.3595.49
Sep-1215.1049.4995.60514.9419.4045.537
Oct-1214.9069.3865.5215.0569.4425.615
Nov-1215.1849.4315.75415.2389.5045.733
Dec-1215.3659.5245.84215.5059.6125.893
Jan-1315.8959.7966.115.859.7676.083
Feb-1316.1389.8766.26216.2329.9536.279
Mar-1316.88210.3496.53416.59810.1396.459
Apr-1316.93610.36.63616.90610.2976.609
May-1317.22610.4266.817.14810.4136.735
Jun-1317.30110.4776.82417.3710.5036.867
Jul-1317.47610.5176.95817.61910.5877.033
Aug-1317.36210.2377.12517.91910.6747.245
Sep-1318.19910.7577.44318.25610.7747.482
Oct-1318.69710.8977.79918.59510.8917.704
Nov-1319.23511.1878.04818.89211.0157.877
Dec-1319.00210.958.05219.12311.1327.99
Jan-1419.17111.187.99219.27611.2288.048
Feb-1419.37311.4457.92819.37711.38.077
Mar-1419.47711.3738.10419.4511.3438.107
Apr-1419.59111.3198.27219.50811.3478.161
May-1419.50511.2318.27319.56811.3168.252
Jun-1419.62111.388.24219.64311.2628.381
Jul-1419.82811.298.53819.74111.2068.536
Aug-1419.62710.9738.65519.87911.1798.7
Sep-1420.00811.1198.88820.0411.1848.855
Oct-1420.58211.4189.16420.2111.2198.992
Nov-1420.05310.9589.09520.38611.2799.107
Dec-1420.47111.3759.09620.55611.3579.2
Jan-1520.70811.5369.17220.71511.4359.28
Feb-1520.11511.2878.82920.85611.5039.353
Mar-1521.25111.7279.52420.97911.5789.401
Apr-1521.83311.79110.04221.07911.6939.386
May-1520.31711.1359.18221.13311.8719.262
Jun-1521.12211.9839.13821.11212.1148.998
Jul-1521.16912.3258.84421.00812.4018.607
Aug-1521.713.228.48120.8112.6768.135
Sep-1520.95813.5667.39220.53412.8867.648
Oct-1520.02513.1466.87920.20312.9947.21
Nov-1519.63512.9816.65419.8512.9826.868
Dec-1519.612.9026.69819.54512.896.656
Jan-1619.11212.5076.60619.35812.786.578
Feb-1619.34712.7266.62119.31412.7036.611
Mar-1619.11712.466.65719.39612.6656.731
Apr-1619.60612.7216.88619.56212.6446.918
May-1619.97812.7657.21319.7712.6157.155
Jun-1620.20412.6967.50819.99112.5627.429
Jul-1620.07712.4297.64820.22712.5027.724
Aug-1619.88912.3197.5720.49312.4688.024
Sep-1620.7812.4578.32320.80112.4918.31
Oct-1621.1812.6048.57621.14812.5858.563
Nov-1621.51812.7038.81521.52612.7558.771
Dec-1621.98913.0658.92421.88512.9728.913
Jan-1722.20113.2048.99722.16713.1968.972
Feb-1721.73213.1948.53722.33313.3978.935
Mar-1722.59213.7128.8822.39113.5788.813
Apr-1722.61213.8538.75822.37713.7468.631
May-1722.12513.8028.32222.32313.9028.421
Jun-1722.06913.9218.14822.25614.0428.214
Jul-1722.13414.2537.88122.17914.1528.027
Aug-1722.42214.4917.93122.07414.2147.86
Sep-1722.11614.3027.81421.93814.2317.706
Oct-1721.65214.1197.53321.76414.2127.552
Nov-1721.51914.1397.3821.53114.1547.377
Dec-1721.16113.9957.16721.26514.0827.183
Jan-1821.16814.2236.94621.01414.0286.987
Feb-1821.12114.1916.93120.81614.0076.809
Mar-1820.41513.8546.5620.67114.0096.662
Apr-1820.19513.7766.4220.54214.0016.541
May-1820.69814.1936.50520.38913.9526.437
Jun-1820.26213.9466.31520.17613.8416.335
Jul-1820.24313.9366.30719.86613.6526.213
Aug-1819.3813.3296.05119.43613.3826.054
Sep-1818.73312.8845.84918.89413.0435.851
Oct-1818.89713.215.68718.29312.6775.615
Nov-1817.79512.4555.3417.72212.3445.379
Dec-1816.95211.8175.13617.23812.0725.166
Jan-1916.64811.734.91816.85711.8684.99
Feb-1917.03512.1474.88816.59311.7334.859
Mar-1916.42811.6374.7916.44511.6694.776
Apr-1916.54111.7734.76816.42411.6834.741
May-1916.21411.4984.71616.52211.7774.745
Jun-1916.54711.8174.7316.74411.9584.786
Jul-1917.04812.1664.88317.09912.2354.863
Aug-1917.83312.6055.22817.58512.6124.973
Sep-1918.09513.0095.08618.16113.0585.103
Oct-1918.62813.4655.16318.71513.4935.221
Nov-1919.35313.9865.36819.13213.8365.296
Dec-1919.61414.1865.42819.32814.0215.307
Jan-2019.65114.3145.33719.29314.0365.257
Feb-2019.2414.0395.20219.09513.9265.169
Mar-2019.15614.2034.95418.87713.7895.088
Apr-2018.27413.3744.918.82113.7565.065
May-2016.19312.0554.13818.26113.9324.329
Jun-2017.21812.8094.40918.79314.3384.455
Jul-2018.95814.2944.66419.8415.2054.636
Aug-2021.30816.344.96821.07616.2224.854
Sep-2022.81617.4185.39922.11417.0165.098
Oct-2023.03417.7295.30423.24617.8725.374
Nov-2023.93918.4375.50224.39818.6975.7
Dec-2025.69819.6376.06125.61319.5326.081
Jan-2128.33621.8066.5326.87720.3646.513
Feb-2128.7621.866.928.13921.1576.983
Mar-2129.67522.0117.66429.30221.8347.468
Apr-2130.52522.5787.94730.39222.4447.948
May-2131.62122.8138.80831.04722.6378.41
Jun-2131.20122.2938.90831.41122.5688.843
Jul-2131.88422.5919.29331.55722.3169.241
Aug-2131.31421.7179.59831.61221.9999.612
Sep-2131.08821.1119.97731.71821.7449.975
Oct-2130.63920.37510.26431.96421.62910.335
Nov-2132.25621.68910.56732.3121.62810.682
Dec-2132.93321.97710.95632.65421.65910.995
Jan-2234.08422.69111.39232.87321.63511.238
Feb-2232.98821.57711.41132.8421.48811.352
Mar-2232.51421.21211.30132.49221.19611.296
Apr-2231.52920.39511.13431.85120.79211.058
May-2231.32420.52710.79730.97520.30810.667
Jun-2230.04819.8810.16829.93719.75410.182
Jul-2228.45619.0119.44528.79519.1229.673
Aug-2227.59318.4619.13227.60318.4139.19
Sep-2226.37817.6428.73626.40817.6498.759
Oct-2225.38516.9368.44925.29516.8938.402
Nov-2224.31416.1228.19224.3616.2358.126
Dec-2223.51115.6197.89123.67815.757.928
Jan-2323.09215.3497.74323.28215.4647.817
Feb-2322.84815.1347.71423.17515.3687.808
Mar-2323.79815.8167.98223.30615.4117.896
Apr-2323.59315.67.99323.57215.5198.052
May-2324.99316.4028.59123.89915.6518.248
Jun-2324.52815.9228.60724.27215.8048.468
Jul-2324.38415.6898.69524.69515.9938.702
Aug-2324.91716.1268.79125.15316.2168.936
Sep-2325.34416.2769.06825.6116.4569.153
Oct-2327.20317.7149.48925.99816.679.328
Nov-2327.39217.779.62126.25216.8099.443
Dec-2326.27116.7719.49926.36416.8579.507

“The composition of total loan activity has changed since the data was first collected in 2019. The proportion of loans to investors has increased from 27.3 per cent in December 2019 to 35.5 per cent in December 2023,” Dr Tan said.

The number of first home buyer loans fell 8.4 per cent in December 2023 but was 12.9 per cent higher compared to a year ago. Meanwhile, the value fell 5.5 per cent in the month but was 21.0 per cent higher compared to a year ago.

Housing finance loan commitments by property purpose and state, seasonally adjusted – December 2023

Aus *NSWVicQldSAWATasNTACT
Owner-occupiers
Value ($b) :16.85.25.03.31.01.80.20.080.4
Value change ($m):-999-221-130-203-66-467-5-49
Value % change ** :-5.6-4.1-2.6-5.8-6.2-2.53.3-5.5-11.5 †
Owner-occupier first home buyers
Number change:-872-88-116-27817-9084-41
Number % change ** :-8.4-3.7-3.7-14.12.6-6.35.65.8-14.6 †
Investors
Value change ($m):-122-31-14-54-15514-6-16
Value % change ** :-1.3-0.9-0.6-2.8-2.85.64.6-19.3 †-7.3

* 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 fell 2.4 per cent to $2.3 billion. This was driven by a fall of 4.9 per cent in lending for the purchase of road vehicles.

/ABS Public Release. View in full .