In September 2024, the value of variable rate housing loans funded in Australia, including refinanced loans, amounted to around 51.86 billion Australian dollars. In comparison, the value of fixed rate home loans funded, including refinancing, came to over 1.3 billion Australian dollars that same month.
Monthly value of housing loans funded in Australia from September 2020 to September 2024, by rate type
(in billion Australian dollars)
Characteristic
Fixed rate housing loans
Variable rate housing loans
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
49.45
Jan-24
0.97
41.39
Feb-24
0.61
41.8
Mar-24
0.66
46.83
Apr-24
0.59
50.45
May-24
1.01
56.81
Jun-24
1.39
51.9
Jul-24
1.11
56.82
Aug-24
1.1
53.82
Sep-24
1.38
51.86
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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. (October 31, 2024). Monthly value of housing loans funded in Australia from September 2020 to September 2024, by rate type (in billion Australian dollars) [Graph]. In Statista. Retrieved December 18, 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 September 2020 to September 2024, by rate type (in billion Australian dollars)." Chart. October 31, 2024. Statista. Accessed December 18, 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 September 2020 to September 2024, by rate type (in billion Australian dollars). Statista. Statista Inc.. Accessed: December 18, 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 September 2020 to September 2024, by Rate Type (in Billion Australian Dollars)." Statista, Statista Inc., 31 Oct 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 September 2020 to September 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 December 18, 2024)
Monthly value of housing loans funded in Australia from September 2020 to September 2024, by rate type (in billion Australian dollars) [Graph], Australian Bureau of Statistics, October 31, 2024. [Online]. Available: https://www.statista.com/statistics/1447893/australia-monthly-value-of-home-loans-funded-by-rate-type/
