Finder makes money from featured partners, but editorial opinions are our own.

The value of Australian housing loans grew in July 2017: ABS


Man at desk with statistics

Loans for owner-occupiers drove a 0.1% increase in Australian housing finance while investment lending fell.

The latest figures from the Australian Bureau of Statistics (ABS) show a modest rise in housing finance commitments in July, with owner-occupied loans contributing most of the growth.

The total value of dwelling commitments reached $33 billion (trend estimate) in July, which is a 0.1% increase compared to the previous month.

In trend terms (the most accurate measurement recommended by the ABS), owner-occupied lending increased by 1.7% or $153 million. Owner-occupied finance grew in most sectors: purchase of new dwelling, established dwellings and construction of dwellings.

Investment lending, however, fell by 1.0% ($121 million) in July across all sectors.

Owner-occupied finance: a closer look

The 0.6% rise in owner-occupied lending in July follows on from a 0.5% increase in June.

Key observations from the ABS figures include the following:

  • The average loan size for all owner-occupiers fell $5,000 to $370,500.
  • The average first home buyer's loan grew $4,000 to $321,800.
  • Purchase of new dwellings rose 2.0% for owner-occupiers.
  • Construction of new dwellings for owner-occupiers rose 2.0%.
  • Loans for refinancing owner-occupiers fell 1.0% in July.

Bank and non-bank lending

Owner-occupier lending increased for both bank and non-bank lending in July.

  • Bank lending for owner-occupier loans grew 0.6%.
  • Non-bank lending grew 0.7%.

Outstanding home loan debt continues to rise

The ABS also reported a rise in the value of outstanding housing loans (how much is owed by Australian borrowers) in July 2017.

  • The value of outstanding housing loans financed by non-banks rose by $6 billion to $1,613 billion.
  • For housing loans issued by banks, the outstanding value rose $5 billion, to a total of $1,052 billion.

While the overall growth in housing finance was only 0.1% for July, dwelling approvals increased by 0.7% in the same period.

If you're looking for advice on how much you should borrow for a home loan, you can check out our guide to what's affordable.

Ready to buy? Compare home loans

Find the right home loan now

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site