In March 2024, the value of variable rate housing loans funded in Australia, including refinanced loans, amounted to around 46.83 billion Australian dollars. In comparison, the value of fixed rate home loans funded, including refinancing, came to just over 660 million Australian dollars that same month.
Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type
(in billion Australian dollars)
Characteristic
Fixed rate housing loans
Variable rate housing loans
Mar-20
4.61
29.87
Apr-20
7.57
26.47
May-20
11.25
25.9
Jun-20
14.35
26.97
Jul-20
13.85
23.75
Aug-20
12.31
22.61
Sep-20
13.76
25.12
Oct-20
13.71
26.67
Nov-20
13.05
27.1
Dec-20
15.15
29.94
Jan-21
13.36
23.84
Feb-21
14.82
25.87
Mar-21
20.03
30.87
Apr-21
20.16
27.4
May-21
22.74
28.58
Jun-21
26.11
31.39
Jul-21
26.29
30.83
Aug-21
25.71
30.19
Sep-21
24.67
29.76
Oct-21
22.8
29.52
Nov-21
25.84
34.04
Dec-21
23.9
36.08
Jan-22
15.76
29.82
Feb-22
13.07
33.44
Mar-22
11.79
42.89
Apr-22
8.02
40.75
May-22
6.73
49.79
Jun-22
5.33
52.45
Jul-22
2.75
47.37
Aug-22
2.33
50.44
Sep-22
1.9
45.75
Oct-22
1.9
45.76
Nov-22
2.47
49.06
Dec-22
2.44
47.28
Jan-23
1.88
37.53
Feb-23
2.18
38.35
Mar-23
2.79
47.74
Apr-23
2.11
39.41
May-23
2.64
51.4
Jun-23
4.5
50.51
Jul-23
4.69
44.93
Aug-23
4.08
48.91
Sep-23
2.08
46.43
Oct-23
1.17
49.4
Nov-23
1.06
52.23
Dec-23
1.04
49.47
Jan-24
0.97
41.39
Feb-24
0.61
41.8
Mar-24
0.66
46.83
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According to the source, a loan is considered funded once any portion of the funds is made available for the borrower to draw down according to the terms of the contract. This will occur after there is a borrower-accepted commitment to provide finance. Therefore, the monthly value of home loans funded may not correspond with the value of new borrower-accepted commitments for the month.
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Australian Bureau of Statistics. (May 3, 2024). Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type (in billion Australian dollars) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/
Australian Bureau of Statistics. "Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type (in billion Australian dollars)." Chart. May 3, 2024. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/
Australian Bureau of Statistics. (2024). Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type (in billion Australian dollars). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/
Australian Bureau of Statistics. "Monthly Value of Housing Loans Funded in Australia from March 2020 to March 2024, by Rate Type (in Billion Australian Dollars)." Statista, Statista Inc., 3 May 2024, https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/
Australian Bureau of Statistics, Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type (in billion Australian dollars) Statista, https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/ (last visited October 02, 2024)
Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type (in billion Australian dollars) [Graph], Australian Bureau of Statistics, May 3, 2024. [Online]. Available: https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/
