Housing Finance

The value of new home loans (excluding refinancing) declined by 0.3% in September, against the market expectations of a 1.0% increase. This came after an upwardly revised 2.1% gain in August (originally 1.0%). The annual rate of growth slowed but remained at a solid 18.9%.

The value of new home loans (excluding refinancing) rose by a seasonally adjusted 1.0% in August, in line with market expectations, but slightly slower than the 3.5% in the previous month (downwardly revised from the 3.9% estimated originally).

The value of new home loans (excluding refinancing) rose by 3.9% in July, exceeding the market expectations of a 1.0% gain. The annual rate of growth accelerated to 26.5%, which is the fastest since December 2021.

The value of new home loans (excluding refinancing) rose 1.3% in June, following a 1.7% fall in May. The annual growth rate picked up 1.1ppts to 19.1%. The increase was mainly driven by a 2.7% rebound in investor loans after a 1.3% fall in May, while owner occupier loans edged up 0.5% after a 1.9% decline. Among owner occupiers, first homebuyer loans climbed 5.3% to be up 11.0% YoY.

The value of new home loans (excluding refinancing) fell by 1.7% in May, following three months of solid increases. The annual rate of growth in new home loans slowed to 18.0%, which is the slowest in three months.

The value of new home loans (excluding refinancing) climbed a seasonally adjusted 4.8% in April, well above the 1.5% increase expected by the market and followed an upwardly revised 3.8% rise in March (originally 3.1%). The value of new loans was 24.6% higher than in April last year.