• Australian home loans declined 0.9% in November

Market news

17 January 2019

Australian home loans declined 0.9% in November

November 2018 compared with October 2018:

  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 1.1%. Owner occupied housing commitments fell 1.0% and investment housing commitments fell 1.5%.

  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 2.5%.

November 2018 compared with October 2018:

  • In trend terms, the number of commitments for owner occupied housing finance fell 0.2% in November 2018.

  • In trend terms, the number of commitments for the construction of dwellings fell 0.9%, the number of commitments for the purchase of new dwellings fell 0.6% and the number of commitments for the purchase of established dwellings fell 0.1%.

  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 18.3% in November 2018 from 18.1% in October 2018.


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