Investor Loans Rose 1.2% In February: Australia

The total value of new housing loans to investors rose 1.2 per cent in February 2024, according to data released today by the Australian Bureau of Statistics (ABS).

Mish Tan, ABS head of finance statistics, said: "The value of new investor loans in February was 21.5 per cent higher compared to a year ago. This made up over half of the growth in total new loan commitments over the past year."

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)
Feb-0614.4369.1825.25414.4679.1595.308
Mar-0614.5919.3065.28514.6679.295.377
Apr-0614.5529.2975.25514.8859.4215.464
May-0615.3969.6285.76815.0549.525.534
Jun-0615.5539.5186.03515.1039.5575.545
Jul-0615.2719.7795.49215.019.535.481
Aug-0615.0489.5215.52614.8119.4565.355
Sep-0614.1759.1824.99314.5839.3715.212
Oct-0614.3369.2975.0414.4269.3145.112
Nov-0614.2099.2324.97614.429.3225.099
Dec-0614.6179.4315.18614.6029.4135.188
Jan-0714.9439.5545.38914.9519.5885.363
Feb-0715.4099.7715.63815.4279.8245.603
Mar-0715.9210.0865.83415.95510.0865.869
Apr-0716.37210.3266.04616.46810.356.118
May-0717.0710.666.4116.90710.5926.315
Jun-0718.31211.366.95317.2210.7836.437
Jul-0717.42410.786.64417.38710.9066.482
Aug-0717.41511.0296.38617.41110.9466.465
Sep-0716.82810.5096.31917.32910.9156.414
Oct-0716.83110.756.08117.16310.8166.346
Nov-071710.6626.33816.91510.6496.266
Dec-0716.56910.3776.19216.55210.46.152
Jan-0816.90310.8066.09716.0410.0615.978
Feb-0815.6729.8895.78215.399.6515.739
Mar-0814.5729.1545.41814.6619.2095.452
Apr-0813.9058.7415.16413.9468.7795.167
May-0812.9748.1794.79513.3498.4154.934
Jun-0812.9748.2074.76712.9498.1684.781
Jul-0812.7918.1394.65312.7538.0574.697
Aug-0812.6517.9834.66812.7488.0874.661
Sep-0812.998.2444.74612.8998.2554.643
Oct-0813.3558.5434.81213.1788.5564.622
Nov-0813.0998.6034.49613.5948.9954.598
Dec-0813.8969.3434.55314.1389.5514.588
Jan-0914.90210.2384.66414.78510.1754.61
Feb-0915.37610.7884.58815.4610.7874.672
Mar-0916.73711.9844.75316.08411.3024.782
Apr-0917.04411.9575.08716.59811.6684.931
May-0916.86811.8355.03216.97311.8745.099
Jun-0917.22311.9725.25217.22411.9475.277
Jul-0917.18411.7395.44517.3811.9255.455
Aug-0917.36811.6565.71217.44711.8325.615
Sep-0917.88512.1755.7117.40211.6615.742
Oct-0917.62511.8255.79917.23611.4065.831
Nov-0917.09611.1035.99316.9411.065.88
Dec-0916.49710.6115.88616.55210.6545.897
Jan-1015.96610.1285.83816.14910.2415.907
Feb-1015.6819.85.88115.7979.8755.922
Mar-1015.5389.5855.95315.5429.6015.942
Apr-1015.2649.3645.915.3739.4235.949
May-1015.4469.447615.259.3185.932
Jun-1015.1249.1335.99115.1339.2545.878
Jul-1015.0619.35.76115.0079.2195.788
Aug-1014.6489.2435.40514.8819.2045.676
Sep-1014.6189.1425.47714.7659.2055.56
Oct-1014.6749.185.49414.6569.2025.454
Nov-1014.7259.3295.39614.5449.1825.361
Dec-1014.9999.4225.57714.4229.1415.281
Jan-1114.1799.0255.15414.299.0835.208
Feb-1114.0758.8785.19714.1689.0265.142
Mar-1113.6298.8314.79814.0778.9865.092
Apr-1114.0069.0124.99414.0368.9735.064
May-1114.2489.0875.16114.0428.9835.059
Jun-1114.1469.1045.04214.0628.9995.063
Jul-1114.1049.0485.05614.0749.0055.069
Aug-1114.1769.0415.13614.0718.9935.078
Sep-1113.9278.7865.14114.0788.9785.1
Oct-1113.8858.8765.00914.1058.975.136
Nov-1114.0628.9815.08214.1568.9655.191
Dec-1114.7249.3975.32714.2158.9575.258
Jan-1214.7799.3995.38114.2718.9485.323
Feb-1214.0918.6845.40714.3218.9435.378
Mar-1214.0968.7035.39314.3678.9535.415
Apr-1214.3648.9335.43114.4298.9965.433
May-1214.5189.1145.40414.529.0785.441
Jun-1214.7429.2565.48714.6369.1865.45
Jul-1214.7899.2865.50414.7549.2875.467
Aug-1214.889.4445.43614.8599.3645.495
Sep-1215.1189.5045.61414.9529.415.542
Oct-1214.9099.3865.52415.0699.4495.62
Nov-1215.2069.4515.75515.2529.5125.74
Dec-1215.3859.535.85515.529.6195.9
Jan-1315.9049.7986.10615.8639.7736.09
Feb-1316.1549.8826.27216.2449.9586.286
Mar-1316.88710.3516.53616.60810.1436.465
Apr-1316.94610.3056.64116.91510.36.615
May-1317.22710.4226.80517.15710.4156.742
Jun-1317.33410.4986.83617.38110.5066.874
Jul-1317.47710.5166.9617.63210.5917.041
Aug-1317.38410.257.13417.93310.687.252
Sep-1318.21710.7597.45918.26910.7817.487
Oct-1318.70110.8987.80318.60610.8977.708
Nov-1319.25911.2198.0418.90211.0217.881
Dec-1319.00310.9458.05919.13311.1377.996
Jan-1419.14911.1617.98819.28811.2328.056
Feb-1419.40911.4517.95819.39111.3058.087
Mar-1419.50611.3878.11919.46711.3498.118
Apr-1419.61911.3398.2819.52711.3548.173
May-1419.49111.228.27119.5911.3278.263
Jun-1419.65311.3988.25519.66511.2748.391
Jul-1419.84611.2978.54919.75611.2128.544
Aug-1419.66310.9938.6719.88111.1738.707
Sep-1420.01111.1168.89520.02711.1668.861
Oct-1420.55811.4039.15520.18411.1888.996
Nov-1420.12811.0189.11120.35311.2449.11
Dec-1420.44511.3569.0920.52811.3259.204
Jan-1520.69511.5329.16220.70111.4169.285
Feb-1520.17711.2928.88520.8611.59.36
Mar-1521.24611.7179.52920.99711.5889.408
Apr-1521.89811.8410.05921.10211.719.392
May-1520.28211.1229.16121.15211.8859.266
Jun-1521.14111.9879.15421.12312.1229.001
Jul-1521.15712.3178.8421.01512.4068.609
Aug-1521.78113.2638.51820.81712.6818.137
Sep-1520.98213.5767.40620.54212.8927.65
Oct-1520.01313.1376.87620.2112.9987.211
Nov-1519.6813.026.6619.85412.9836.871
Dec-1519.60512.9076.69819.54512.8856.66
Jan-1619.06512.4966.5719.35612.7716.585
Feb-1619.39612.7086.68919.31312.6936.62
Mar-1619.0812.4356.64519.39812.666.739
Apr-1619.69512.7946.90119.56912.6476.923
May-1619.95512.7467.20819.78212.6267.156
Jun-1620.20812.7087.520.00512.5787.426
Jul-1620.10512.4627.64320.24412.527.724
Aug-1619.92812.3137.61520.51812.4858.033
Sep-1620.83312.4898.34420.83112.5068.325
Oct-1621.18212.5988.58421.17312.68.573
Nov-1621.57112.7258.84621.51812.7618.757
Dec-1622.00313.0928.91121.82112.9588.863
Jan-1722.07313.1358.93922.0513.1628.888
Feb-1721.84113.2138.62922.1913.3558.835
Mar-1722.53913.6878.85122.26213.5438.719
Apr-1722.19913.6018.59822.30413.748.564
May-1722.45414.0398.41522.32913.9368.394
Jun-1722.16613.9878.17922.33614.1118.225
Jul-1722.15314.2817.87222.30614.2428.064
Aug-1722.48814.5237.96522.20414.37.904
Sep-1722.26714.3937.87422.03614.2957.741
Oct-1721.63614.0727.56421.81214.2427.57
Nov-1721.5514.1577.39221.52514.1527.374
Dec-1721.14914.0157.13421.21814.0597.159
Jan-1820.86514.0246.84220.9413.9966.945
Feb-1821.27714.257.02720.74613.9856.761
Mar-1820.31413.7846.52920.63314.016.623
Apr-1820.12513.7656.3620.54614.0266.52
May-1820.76514.2696.49620.43213.9986.434
Jun-1820.45814.0796.37820.25613.9076.349
Jul-1820.3313.9956.33419.97213.7336.239
Aug-1819.35413.2986.05619.53913.4566.083
Sep-1818.86712.9935.87418.97113.0915.879
Oct-1818.81413.0945.7218.32112.6815.641
Nov-1817.94412.5455.39917.70312.3025.4
Dec-1816.8311.7365.09317.17811.9945.184
Jan-1916.34711.564.78816.7711.7695.001
Feb-1917.21512.2454.9716.49811.6364.862
Mar-1916.28911.5324.75716.37511.6014.774
Apr-1916.59411.8454.74916.40711.6634.744
May-1916.25211.5574.69516.56611.8014.765
Jun-1916.66811.9054.76316.8211.9974.823
Jul-1917.22912.2514.97717.1712.2554.915
Aug-1917.91612.675.24717.64612.6135.033
Sep-1918.11612.9885.12818.20313.0455.158
Oct-1918.48613.3145.17218.74813.4875.262
Nov-1919.24413.9025.34319.18713.8665.321
Dec-1919.77314.295.48319.4314.1085.323
Jan-2020.21614.7585.45819.4214.1645.256
Feb-2018.92913.8295.119.14814.0235.125
Mar-2018.85513.9424.91318.7213.7644.956
Apr-2018.31913.4484.87118.34413.5494.795
May-2015.93311.9294.00318.23213.5434.689
Jun-2017.50713.0114.49618.49213.8284.663
Jul-2019.13214.4124.7219.38714.6684.719
Aug-2021.18716.2354.95220.61315.7554.857
Sep-2023.12417.6465.47821.76516.6965.069
Oct-2022.84417.5485.29723.06717.7215.345
Nov-2023.58118.0925.4924.3718.695.68
Dec-2025.82919.7446.08525.67719.6116.066
Jan-2129.11922.4716.64826.96920.4656.504
Feb-2128.29621.4966.828.23821.256.987
Mar-2129.22921.6697.5629.41521.927.495
Apr-2130.95522.9577.99930.53422.5278.007
May-2130.82822.3378.49131.22522.7258.5
Jun-2131.65522.6449.01131.61722.6628.955
Jul-2132.38322.9599.42531.76622.4079.358
Aug-2131.44521.7279.71831.79122.0739.718
Sep-2131.2621.20610.05431.83321.78210.051
Oct-2130.19219.99710.19631.99921.6210.379
Nov-2132.28121.60410.67832.25621.56510.691
Dec-2132.92821.9910.93832.51321.54510.968
Jan-2234.70423.19611.50832.67221.49911.173
Feb-2232.46721.24211.22532.61121.35111.26
Mar-2232.28221.03411.24832.29321.09811.196
Apr-2231.30820.31710.99231.73220.76410.968
May-2231.45320.74910.70430.96420.36110.603
Jun-2230.19720.00110.19630.01919.86410.155
Jul-2228.88619.3219.56528.9319.2519.679
Aug-2227.78618.6189.16827.73418.5179.217
Sep-2225.9717.3258.64426.51317.7168.798
Oct-2225.8717.2348.63625.39116.9438.447
Nov-2224.33216.1118.22224.45616.2888.168
Dec-2223.68115.7717.90923.78615.8237.963
Jan-2323.05515.3217.73423.41515.5737.842
Feb-2323.30215.467.84223.33915.5167.823
Mar-2323.63615.7367.923.48415.587.904
Apr-2323.5615.6167.94423.75715.6938.064
May-2324.68616.3278.35924.09915.8238.276
Jun-2324.92316.1758.74724.4915.9788.512
Jul-2324.38915.6758.71424.94116.1838.758
Aug-2325.00716.1578.8525.41816.4258.993
Sep-2325.87516.6879.18825.86916.6729.197
Oct-2326.78417.2649.5226.21716.8679.35
Nov-2326.93817.4019.53726.42616.9769.449
Dec-2326.23116.7489.48326.48516.9849.501
Jan-2426.01416.6049.4126.4116.8979.514
Feb-2426.39816.8739.52526.2916.7789.512

The value of new owner-occupier loans was 9.1 per cent higher compared to a year ago, while the value of owner-occupier first home buyer loans was 20.7 per cent higher over the same period.

The total number of new owner-occupier loans rose 0.9 per cent in February 2024. Meanwhile, the number of owner-occupier first home buyer loans rose 4.3 per cent and were 13.2 per cent higher compared to a year ago.

Housing finance loan commitments by property purpose and state, seasonally adjusted - Feb 2024
Aus *NSWVicQldSAWATasNTACT
Owner-occupiers
Value ($b) :16.95.34.73.41.01.80.20.070.4
Value change ($m):2691712232-10-6019340
Value % change ** :1.63.40.047.4-1.0-3.39.44.110.6†
Owner-occupier first home buyers
Number change:385142375347-11217
Number % change ** :4.36.41.33.20.70.5-0.723.5†7.5
Investors
Value change ($m):11555-4549-216-3-28
Value % change ** :1.21.5-2.12.6-3.80.6-3.0-4.84.8

* 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 0.9 per cent to $2.4 billion. This was driven by a fall of 2.7 per cent in lending for the purchase of road vehicles.

/ABS Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.