In recent years, the value of mortgage debt outstanding in Australia has been growing for both owner-occupied and investment housing. As of December 2024, the mortgage debt secured on owner-occupier housing amounted to over 1.6 trillion Australian dollars. In comparison, in December 2011, borrowers owed roughly 825 billion Australian dollars.

In financial year 2024, the total value of Australian home loan lending of Westpac Banking amounted to approximately 473 billion Australian dollars, marking an increase from the previous year. Headquartered in Sydney, New South Wales, Westpac Banking is one of Australia's leading banking and financial services companies.

A collection of key statistics about home loans in Australia, including interest rates, loan sizes, refinancing trends, and borrowing activity based on the latest data from the ABS and RBA.

Mortgage lenders are dealing with the RBA's shift to a tighter monetary policy, as it fights heavy inflation. Since May 2022, the RBA has raised the benchmark cash rate, which flows to interest rates on home loans. This represents a complete reversal of the prevailing approach to monetary policy taken in recent years. Over the course of the pandemic, subdued interest rates, in conjunction with government incentives and relaxed interest rate buffers, encouraged strong mortgage uptake. With the RBA's policy reversal, authorised deposit-taking institutions will need to balance their interest rate spreads to ensure steady profit. A stronger cash rate means more interest income from existing home loans, but also steeper funding costs. Moreover, increasing loan rates mean that prospective homeowners are being cut out of the market, which will slow demand for new home loans. Overall, industry revenue is expected to rise at an annualised 0.4% over the past five years, including an estimated 2.2% jump in 2023-24, to reach $103.4 billion. APRA's regulatory controls were updated in January 2023, with new capital adequacy ratios coming into effect. The major banks have had to tighten up their capital buffers to protect against financial instability. Although the ‘big four’ banks control most home loans, other lenders have emerged to foster competition for new loanees. Technological advances have made online-only mortgage lending viable. However, lenders that don't take deposits are more reliant on wholesale funding markets, which will be stretched under a higher cash rate. Looking ahead, technology spending isn't slowing down, as consumers continue to expect secure and user-friendly online financial services. This investment is even more pressing, given the ongoing threat of cyber-attacks. Industry revenue is projected to inch upwards at an annualised 0.8% over the five years through 2028-29, to $107.7 billion.

Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data was reported at 51.595 % in Dec 2024. This records a decrease from the previous number of 52.039 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data is updated quarterly, averaging 20.123 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 55.477 % in Mar 2021 and a record low of 8.851 % in Mar 2007. Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

In financial year 2024, the total value of National Australia Bank's home loan lending rose to approximately 416 billion Australian dollars. National Australia Bank (NAB) is one of Australia's big four banks in terms of market capitalization alongside the Commonwealth Bank of Australia (CBA), Westpac, and the ANZ Bank.

Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing: Owner Occupier: Other ADIs data was reported at 3,868.200 AUD mn in Mar 2020. This records an increase from the previous number of 3,116.900 AUD mn for Feb 2020. Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing: Owner Occupier: Other ADIs data is updated monthly, averaging 3,635.000 AUD mn from Jul 2019 (Median) to Mar 2020, with 9 observations. The data reached an all-time high of 4,156.100 AUD mn in Dec 2019 and a record low of 3,116.900 AUD mn in Feb 2020. Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing: Owner Occupier: Other ADIs data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.KB007: Lending Indicators: Economic and Financial Statistics (EFS) Collection: Housing Finance.

In 2024, the ten largest mortgage lenders in Australia had a market share of roughly 91 percent of the mortgage market. The Commonwealth Bank of Australia and Westpac Banking Corporation were the largest mortgage lenders, with approximately 6.7 and 5.7 billion Australian dollars in gross mortgage lending, respectively.

Home Loans in Australia increased to 54808.60 AUD Million in the fourth quarter of 2024 from 52606.50 AUD Million in the third quarter of 2024. This dataset provides - Australia Home Loans- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households: Housing Finance: New Loan Commitments: Owner Occupier: No: Total Housing Excl Refinancing: Australian Capital Territory data was reported at 768.000 Number in Mar 2020. This records an increase from the previous number of 653.000 Number for Feb 2020. Households: Housing Finance: New Loan Commitments: Owner Occupier: No: Total Housing Excl Refinancing: Australian Capital Territory data is updated monthly, averaging 763.000 Number from Jul 2019 (Median) to Mar 2020, with 9 observations. The data reached an all-time high of 907.000 Number in Dec 2019 and a record low of 648.000 Number in Jan 2020. Households: Housing Finance: New Loan Commitments: Owner Occupier: No: Total Housing Excl Refinancing: Australian Capital Territory data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.KB008: Lending Indicators: Economic and Financial Statistics (EFS) Collection: Housing Finance: Owner Occupiers.

Australia Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data was reported at 37.571 % in Dec 2024. This records a decrease from the previous number of 38.691 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data is updated quarterly, averaging 15.835 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 43.228 % in Mar 2021 and a record low of 6.101 % in Mar 1997. Australia Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

The value of loans in Australia increased 6.70 percent in April of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Australia Private Sector Credit Growth YoY.

In the 2024 financial year, the total value of the Commonwealth Bank of Australia's home loan lending rose to approximately *** billion Australian dollars. CommBank is currently the largest Australian bank in terms of market capitalization, with a presence in New Zealand, Asia, the United States, and the United Kingdom.

Australia Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing: Investor: Major Banks data was reported at 3,546.200 AUD mn in Mar 2020. This records an increase from the previous number of 3,135.300 AUD mn for Feb 2020. Australia Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing: Investor: Major Banks data is updated monthly, averaging 3,880.200 AUD mn from Jul 2019 (Median) to Mar 2020, with 9 observations. The data reached an all-time high of 4,237.000 AUD mn in Dec 2019 and a record low of 3,135.300 AUD mn in Feb 2020. Australia Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing: Investor: Major Banks data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.KB007: Lending Indicators: Economic and Financial Statistics (EFS) Collection: Housing Finance.

Credit unions became authorised deposit-taking institutions (ADIs) under the Banking Act 1959 on 1 July 1999 when responsibility for their prudential regulation shifted from the States and Territories to the Australian Prudential Regulation Authority (APRA). Since 1 July 1999, credit unions have submitted monthly returns to APRA; prior to that date, they submitted returns to the Reserve Bank under the Financial Corporations Act 1974. In September 2001, APRA implemented new reporting forms for credit unions. From October 2001, data are derived from ARF 323.0: Statement of Financial Position (Licensed ADI). Since December 1999, series have only included data for credit unions with total assets greater than or equal to $50 million.

Selected assets:

‘Cash and liquid assets’ is composed of ‘Cash’, ‘Balances with ADIs’ and ‘Other’. None of these items include bills of exchange, bills receivable, remittances in transit or certificates of deposit.

‘Cash’ includes Australian and foreign currency notes and coins, gold coin, gold bullion, and gold certificates held as investments. It excludes loans repayable in gold bullion.

‘Balances with ADIs’ includes deposits at call with Australian resident banks and other ADIs and settlement account balances due from banks and other ADIs, incorporating receivables for unsettled sales of securities.

‘Other’ includes deposits at call with Registered Financial Corporations (RFCs) and other financial institutions, net claims on recognised clearing houses in Australia, securities purchased under agreements to resell, funds held with the Reserve Bank and other central banks, and settlement account balances due from the Reserve Bank, other central banks, RFCs and other financial institutions, incorporating receivables for unsettled sales of securities.

‘Government securities’, ‘ADI securities’, ‘Corporate paper’ and ‘Other securities’ include both trading and investment securities. Trading securities are recorded at net fair value. Investment securities are recorded at cost and adjusted for the amortisation of any premiums and discounts on purchase over the period of maturity.

‘Government securities’ include securities issued by the Australian, State, Territory and local governments and State and Territory central borrowing authority (CBA) securities.

‘ADI securities’ includes securities issued by banks and other ADIs, but not equity investments in parent, controlled or associated entities.

‘Other securities’ includes asset-backed securities, other debt securities and equity securities, other than those issued by ADIs, but not equity investments in parent, controlled or associated entities.

‘Residential’ includes both owner-occupied and investment housing loans to Australian households, net of specific provisions for doubtful debts.

‘Personal’ includes revolving credit for a purpose other than housing, credit card liabilities, lease financing net of unearned revenue, and other personal term loans to Australian households net of specific provisions for doubtful debts.

‘Commercial’ includes loans to public non-financial corporations, private trading corporations, private unincorporated businesses, community service organisations, Australian, State, Territory and local governments, ADIs and other financial institutions, net of specific provisions for doubtful debts. Loans to ADIs and other financial institutions includes loans to the Reserve Bank and other central banks, banks, other ADIs, RFCs, central borrowing authorities, fund managers, stockbrokers, insurance brokers, securitisers, mortgage, fixed interest and equity unit trusts and other financial intermediaries.

Selected Liabilities:

‘Borrowings from ADIs’ includes settlement account balances due to ADIs and both variable and fixed interest rate short-term loans from ADIs. A loan is reported as short-term if its residual term to maturity is one year or less.

‘Deposits’ includes retail transaction call deposit accounts held by households, all other transaction call deposit accounts held by entities other than households, deposits from resident banks, resident non-bank financial institutions and intermediaries such as merchant banks, vostro balances from banks and non-bank financial institutions (NBFIs), the Australian-dollar equivalent of foreign currency deposits, deposits from controlled and associated entities, retail non-transaction call deposit accounts held by households, all other non-transaction deposit call accounts held by entities other than households, term deposits, certificates of deposit and other forms of deposits.

‘Other’ liabilities includes settlement account balances due to RFCs and other financial institutions, securities sold under agreements to repurchase, promissory notes or commercial paper with a residual term to maturity of one year or less, other debt securities with a residual term of one year or less, variable interest rate short-term loans from counterparties other than ADIs, fixed interest rate short-term loans from counterparties other than ADIs, debt securities with a residual term to maturity of more than one year, variable and fixed interest rate loans and borrowings from Australian residents with a residual term to maturity of more than one year, interest accrued but not yet paid, interest received but not yet earned, unrealised losses on trading derivatives, items in suspense and other liabilities not separately identified above. A loan is reported as short-term if its residual term to maturity is one year or less. ‘Other’ liabilities do not include amounts due to clearing houses.

Australia Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing data was reported at 19,271.200 AUD mn in Mar 2020. This records an increase from the previous number of 16,438.000 AUD mn for Feb 2020. Australia Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing data is updated monthly, averaging 16,160.800 AUD mn from Jul 2002 (Median) to Mar 2020, with 213 observations. The data reached an all-time high of 25,310.700 AUD mn in May 2017 and a record low of 9,546.500 AUD mn in Jan 2003. Australia Households: Housing Finance: New Loan Commitments: Total Housing Excl Refinancing data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.KB007: Lending Indicators: Economic and Financial Statistics (EFS) Collection: Housing Finance.

In financial year 2024, the total value of ANZ Bank's home loan lending rose to approximately 484 billion Australian dollars. The Australia and New Zealand (ANZ) Banking Group is one of Australia's big four banks in terms of market capitalization alongside the Commonwealth Bank of Australia (CBA), Westpac, and National Australia Bank (NAB).

Australia Households: Housing Finance: New Loan Commitments: Owner Occupier: Total Housing Excl Refinancing: Victoria data was reported at 4,035.400 AUD mn in Mar 2020. This records an increase from the previous number of 3,691.500 AUD mn for Feb 2020. Australia Households: Housing Finance: New Loan Commitments: Owner Occupier: Total Housing Excl Refinancing: Victoria data is updated monthly, averaging 2,627.700 AUD mn from Jul 2002 (Median) to Mar 2020, with 213 observations. The data reached an all-time high of 4,924.800 AUD mn in Nov 2017 and a record low of 1,356.800 AUD mn in Jan 2004. Australia Households: Housing Finance: New Loan Commitments: Owner Occupier: Total Housing Excl Refinancing: Victoria data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.KB008: Lending Indicators: Economic and Financial Statistics (EFS) Collection: Housing Finance: Owner Occupiers.

Households: Housing Finance: New Loan Commitments: Investor: Total Housing Excl Refinancing data was reported at 5,070.900 AUD mn in Mar 2020. This records an increase from the previous number of 4,436.100 AUD mn for Feb 2020. Households: Housing Finance: New Loan Commitments: Investor: Total Housing Excl Refinancing data is updated monthly, averaging 5,748.700 AUD mn from Jul 2002 (Median) to Mar 2020, with 213 observations. The data reached an all-time high of 10,478.500 AUD mn in Jun 2015 and a record low of 3,624.400 AUD mn in Jan 2003. Households: Housing Finance: New Loan Commitments: Investor: Total Housing Excl Refinancing data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.KB009: Lending Indicators: Economic and Financial Statistics (EFS) Collection: Housing Finance: Investors.

In the year ended December 2024, the value of lending to households for owner occupied dwellings in Australia totaled around 205.7 billion Australian dollars. In 2023, the value of this type of financing amounted to around 181 billion Australian dollars over the course of the entire year.