{{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 locationLending for new homes remains at 20 year lows
Lending for new homes remains at 20 year lows
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 September 2023 today, which provides statistics on housing finance commitments.
“There were only 4,282 loans issued for the construction or purchase of new homes in September, leaving the last three months 27.7 per cent lower than during the same quarter last year,” added Mr Devitt.
“Lending activity has been weighed down by the fastest increase in interest rates in a generation. This is drying up the pipeline of new home building work across the country.
“This is consistent with yesterday’s data that showed new house building approvals around decade lows.
“This low volume of lending and approvals will produce a decade low volume of new housing starts in 2024.
“There are very long lags in this cycle due to the record high volume of building work that was in the pipeline when the RBA first raised rates in May 2022. The volume of houses under construction only started declining in the June quarter of 2023, and remains elevated, a year after the first increase in the cash rate.
“This large volume of building work has obscured the impact of these rate rises on the broader economy, especially unemployment, as the building industry employs over one million Australians.
“This slowdown in lending for new housing will make it increasingly difficult to reach the Australian government’s target of building 1.2 million new homes in five years,” concluded Mr Devitt.
In original terms, the total number of loans for the purchase of construction of new homes in the three months to September 2023 declined in all jurisdictions compared to the same quarterly period a year earlier, led by the Australian Capital Territory (-70.0 per cent) and the Northern Territory (-59.4 per cent), and followed by South Australia (-32.3 per cent), New South Wales (-30.9 per cent), Tasmania (-30.1 per cent), Victoria (-27.0 per cent), Queensland (-26.4 per cent) and Western Australia (-15.1 per cent).
Lending for purchase and construction of a new home
HIA Budget Submission demands action on housing to boost industry confidence
HIA has lodged its 2026-2027 Federal Pre-Budget Submission (Submission) in the lead up to the Budget to be handed down by Treasurer Jim Chalmers in May.
Approvals fall in December, but 2025 finishes on a high note
“The volume of new dwellings approved for construction decreased by 14.9 per cent in the month of December 2025 to 15,540,” stated HIA Chief Economist Tim Reardon
Housing industry welcomes focus on red tape reduction
The Housing Industry Association (HIA) has welcomed the release of a discussion paper by the Federal Liberal Party to put front and centre on the agenda deregulation and a reduction of red tape to boost industry productivity.
Blanket work from home mandates unworkable for builders
“The Housing Industry Association (HIA) is calling for a proposed Federal Bill creating a legislated right to work from home to be rejected, as it would only add further regulatory pressure on small building businesses already struggling with rising costs and labour shortages,” Senior Executive Director Compliance & Workplace Relations, Stuart Collins said today.