{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationNo more rate hikes needed: new home lending falls to lowest level in three years
No more rate hikes needed: new home lending falls to lowest level in three years
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
The ABS released the Lending to Households and Businesses data for October 2022 today. The data provides sobering statistics on housing finance commitments.
“Home buyers continued to retreat from the housing market in October, as rising interest rates diminished their borrowing capacity,” added Mr Reardon.
“The total value of housing loans issued in October declined by a further 2.7 per cent leaving them 14.6 per cent lower than in the same quarter last year.
“The declines were seen in all market segments, with lending to first home buyers, owner occupiers and investors continuing to fall in October.
“Lending to owner-occupiers fell to its lowest level in over two years.
“This slowing in housing finance data is consistent with other leading indicators, such as HIA’s New Home Sales Survey, which shows sales have fallen by 37 per cent in the four months to October.
“The RBA has already undertaken its steepest hiking cycle in a generation, lifting their benchmark cash rate by 2.75 per cent in just six months.
“Further hikes would deepen and prolong the trough in building activity that is emerging.
“There is a risk that the RBA will go too far and need to cut interest rates again to support employment across the economy.
“The risks to household and business finances from such an aggressive hiking cycle are clear. A deep and prolonged trough in home building activity will jeopardise the housing industry’s ‘soft landing’.
“The RBA will not restore the economy to stable growth by putting the building industry through boom-and-bust cycles,” concluded Mr Reardon.
The change in the number of loans for the construction or purchase of new homes was mixed between jurisdictions in the month of October, declining in Tasmania (-14.6 per cent), Queensland (-0.7 per cent), South Australia (-0.3 per cent) and Western Australia (-0.1 per cent), while increases were seen in the Australian Capital Territory (+201.8 per cent), New South Wales (+10.3 per cent), Victoria (+4.4 per cent) and the Northern Territory (+3.7 per cent).
Housing Loans, by Market Segment, $M
For more information please contact:
RBA misses opportunity
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
Housing and Productivity Contribution Scheme Works-in-Kind Guideline
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Government announces broader licensing powers and HBCA review
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
HIA welcomes changes providing confidence for home building
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.