{{ propApi.searchIcon }}
{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Housing industry insights
Economics Insights Data & forecasts Tailored research & analysis
Advocacy & policy
Advocacy Policy priorities Position statements Submissions
News & inspiration
Industry news Member alerts Media releases HOUSING Online
Business support
Business support $vuetify.icons.faArrowRight
Support & guidance
Ask an expert Contracts & compliance support Building & planning services Australian Standards
Member perks
Toyota vehicles The Good Guys Commercial Ampol fuel savings See all
Industry insurance
HIA Insurance Services Construction works insurance Home warranty insurance Tradies & tool insurance
For your business
Contracts Online Safety systems & solutions HIA SafeScan
Apprentices
Why host a HIA apprentice? Hire an apprentice Value for money
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right
Building codes National Construction Code Australian standards See all
Building materials & products
Concrete, bricks & walls Getting products approved Use the right products for the job See all
Managing your business
Dealing with contracts Handling disputes Managing your employees See all
Managing your safety
Safety rules Working with silica See all
Building your business
Growing your business Communication for your business See all
Other subjects
Getting approval to build Sustainable homes See all
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career
Become an apprentice Apprenticeships on offer How do I apply? Frequently asked questions
Study with us
Find a course to suit you Qualification courses Learning on demand Professional development courses
A job in the industry
Get your builder's licence Continuing Professional Development (CPD) Further your career
HIA community
HIA community $vuetify.icons.faArrowRight
Grow with us
Sign me up Become a member Member benefits Mates rates
Our podcasts
Made To Build Built Different HIA Building Australia Building the Hunter
Our initiatives
HIA Building Women Charitable Foundation GreenSmart Kitchen, bathroom & design hub
Get involved
Become an award judge Join a committee Meet our members Partner with us
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards
Awards program People & Business Awards GreenSmart Australian Housing Awards
Awards winners
Regional Award winners Australian Housing Award winners 2026 Australian Home of the Year
Industry events
Events in the next month Economic outlook HIA Made Events calendar
HIA shop
HIA shop $vuetify.icons.faArrowRight
Most popular products
National Construction Code Vol 1 & 2 Waterproofing wet areas AS 3740:2021 HIA Guide to Waterproofing HIA Guide to NCC Livable Housing Provisions
Top categories
Building codes & standards Contracts & documents Guides & manuals Safety products Signage
For your business
Contracts Online Digital Australian Standards Digital Resource Library Forecasts & data
About Contact Newsroom
$vuetify.icons.faTimes
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Address
Change location
{{propApi.title}}
{{propApi.text}} {{region}} Change location
{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

Two record years of home lending

Media release

Two record years of home lending

Media release
“The value of housing loans issued across Australia reached a new record high in 2021/22, worth more than $380 billion,” stated HIA Economist, Tom Devitt.

The ABS released the Lending to Households and Businesses data for June 2022 today. The data provides statistics on housing finance commitments.

“Despite a slowing in recent months, lending for the year was still up by 21.2 per cent on the previous year – also a record high – and up by 81.1 per cent on pre-pandemic levels,” added Mr Devitt.

“Every segment of the housing market remains elevated compared to pre-pandemic levels.

“There were over $62 billion worth of loans to first home buyers in 2021/22, up by 69.1 per cent on 2018/19 levels. Loans to other owner-occupiers were up by 73.7 per cent and investor loans were double (+101.2 per cent).

“There was also $6.6 billion worth of lending for renovations in 2021/22, up by 165.0 per cent on three years earlier.

“The result is a record number of houses currently under construction, almost 80 per cent greater than pre-pandemic levels. There is also a large number of projects approved but not commenced, and sales have remained strong to the end of June. This will ensure that home building activity and demand for skilled workers will remain strong throughout 2023.

“The tightening of the cash rate in recent months will, however, bring this record-setting cycle to an end. 

“The adverse impact of the increase in the cash rate will compound the increase in the cost of building a new home and further slow building activity.

“The industry is reporting a slowing in the number of groups visiting display sites in recent weeks which could result in fewer new home sales in the second half of 2022.

“Given the large volume of work under construction and approved but not commenced, there will be a significant lag between the increase in the cash rate and an adverse impact on new home construction. 

“The long lead times in this current cycle will hide the impact of rate rises and risk the RBA over shooting with unnecessary rate increases,” concluded Mr Devitt.

 

Housing Loans, by Market Segment, $M

Source: ABS Housing Finance

For more information please contact:

Latest articles
View all news $vuetify.icons.faArrowRight
01 Oct
New rules add thousands to the cost of a new home as Tasmania falls years behind on housing

From today, every new home built in Tasmania must meet the full Livable Housing Design requirements. The Housing Industry Association says this adds thousands of dollars to the cost of building a home, at a time when Tasmanians can least afford it.

01 Oct
Rules for managing the risk of falls have changed - are you up to date?

Changes to Western Australia's requirements for managing the risks of falls will commence on 1 October 2026, introducing new expectations for builders, contractors and workers undertaking tasks where there is a risk of falling.

01 Oct
Livable Housing Design: final stage now in force

As of today, 1 October 2026, all new building work in Tasmania, unless exempt, must comply with all requirements of Part H8 Livable Housing Design of NCC Volume Two.

30 Sep
ACT housing approvals slump puts 2030 target under pressure

“The ACT’s housing supply pipeline is weakening, with building approvals in the three months to August halving compared with a year earlier,” said HIA Executive Director ACT and Southern NSW, Geordan Murray.

Thomas Devitt

Senior Economist

Tim Reardon

HIA Chief Economist