{{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 at record lows
Lending for new homes at record 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 December 2023 today, which provides statistics on housing finance commitments.
“The ABS has been collecting data on lending for new homes since 2002, and today’s data shows the lowest number of these loans being issued on record,” added Mr Devitt.
“The steepest RBA rate hiking cycle in a generation has compounded the elevated costs of home building, seeing potential home buyers squeezed out of the market and fewer new homes commencing construction.
“This lack of new work means the pipeline of new housing supply approaching completion is now shrinking rapidly.”
“At this rate, Australia will not commence enough housing to meet National Cabinet’s target, falling well short of the 1.2 million new homes they want to see built in the next five years.
Today’s data reinforce the need for immediate action by Governments to improve planning regimes, reform taxes on housing, release more shovel ready land, reduce red tape, and address skilled worker shortages.
“These are some of the key measures needed to increase the construction of new homes and support the industry to build more of these much needed homes.”
“At a time of record population growth and acute shortages of rental accommodation, a dwindling supply of new homes threatens to worsen Australia’s housing crisis,” concluded Mr Devitt.
In original terms, the total number of loans issued for the construction or purchase of new homes in 2023 declined in all jurisdictions compared to the previous year, led by the Australian Capital Territory (-51.4 per cent) and followed by the Northern Territory (-33.5 per cent), Tasmania (-31.0 per cent), New South Wales (-30.9 per cent), South Australia (-27.1 per cent), Victoria (-26.2 per cent), Queensland (-21.8 per cent) and Western Australia (-15.6 per cent).
Lending for purchase and construction of a new home
For more information please contact:
Demand for housing continues to outpace supply
“The ongoing influx of overseas migrants has pushed Australia’s population beyond 27.5 million in the first quarter of the year,” stated HIA Chief Economist, Tim Reardon.
HIA welcomes Planning System reform
“The Housing Industry Association welcomes the Premier’s announcement today of the NSW Planning System Reforms Bill 2025,” said Brad Armitage, Executive Director NSW.
Victoria’s Housing Statement – planning reforms not enough
“The Victorian government’s Housing Statement is almost two years old and while a number of significant planning reforms have been introduced the housing target of 800,000 will not be met as homes need to be built and not just planned,” stated HIA Executive Director Victoria, Keith Ryan.
It’s time to move from planning to doing
The Housing Industry Association (HIA) has tabled its submission calling on the Federal Government to act swiftly on the Productivity Commission’s Five Pillars reforms to lift productivity and unlock new housing supply.