Housing industry insights
Advocacy & policy
News & inspiration
Support & guidance
Member perks
Industry insurance
For your business
Apprentices
Building it right
Managing your business
Managing your safety
Building your business
Other subjects
A rewarding career
Study with us
A job in the industry
Grow with us
Our podcasts
Our initiatives
Get involved
Awards
Awards winners
Industry events
Most popular products
Top categories
For your business
{{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 locationMore than one in three loans issued to first home buyers
More than one in three loans issued to first home buyers
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
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
The ABS released the Lending Indicators data for the month of July 2024 today, which provides the latest statistics on housing finance commitments.
“It has been ten months since the last rate increase, and home buying confidence is picking up across different borrower types,” added Mr Tapang.
“First home buyers have been resilient in this cycle, with the number of loans issued to this group increasing by a further 0.8 per cent in the month of July to 9,990.
“This leaves the number of loans issued in the three months to July 2024 to first home buyers 6.4 per cent higher compared to the same time in the previous year.
“Loans issued to first home buyers made up 35.4 per cent of the overall home buying market in the month of July, which is above the historical average of 30 per cent.
“There is this misconception that investors compete with first home buyers. This data shows that the two can both be very active in the market.
“Investors in the market have been important in adding to housing supply, particularly in this cycle, amid higher rents and low vacancy rates.
“The number of loans issued to investors building new homes in the three months to July 2024 rose by 26.7 per cent compared to the same time in the previous year.
“There were 24,630 loans issued for the purchase or construction of a new home in the three months to July 2024. This is 16.8 per cent higher compared to the same time in the previous year.
“As is expected, investors are the first segment of the market to return as they see through the macro-dynamics of house price growth and rising rents.
“It is expected that owner-occupiers will follow suit, which will see more of them flow into the new home market amid a return of confidence and certainty with build costs and timeframes,” concluded Mr Tapang.
The number of loans issued to first home buyers in the three months to July 2024 rose by 13.9 per cent in Victoria compared to the previous year, followed by the Northern Territory (+10.6 per cent), Queensland (+6.8 per cent), New South Wales (+4.1 per cent) and Tasmania (+1.7 per cent). In other jurisdictions, this number fell led by the Australian Capital Territory (-5.2 per cent), followed by more modest declines in Western Australia (-1.3 per cent) and South Australia (-0.9 per cent).
Over the same period, the number of loans issued for new home purchase or construction in the three months to July 2024 increased by 54.5 per cent in Western Australia, followed by Queensland (+17.5 per cent), South Australia (+11.0 per cent), New South Wales (+9.9 per cent), Victoria (+8.0 per cent), Tasmania (+5.0 per cent) and the Australian Capital Territory (+2.8 per cent). The Northern Territory was the only jurisdiction to record a decline, down by 4.4 per cent compared to the previous year.
First-time buyers share of home-purchasing loans
For more information please contact:
Housing industry's best set to shine at Parliament House
The region's finest in residential building and renovation will be recognised tomorrow night as the 2026 HIA ACT Southern NSW Housing, Kitchen & Bathroom Awards are held at Parliament House in Canberra.
An exciting opportunity to shape Canberra's next suburb
The Housing Industry Association has welcomed the opening of community consultation on Ginninderra East, encouraging Canberrans to help shape the future suburb on former CSIRO land between Belconnen and Gungahlin.
Information Sessions for Framed Construction
With the current brick shortage creating challenges across WA’s residential building industry, some builders are exploring alternative construction methods to help keep projects moving.
Productivity Commission backs practical relief for small builders – but the biggest barriers remain off the table
The Housing Industry Association (HIA) welcomes the release of the Productivity Commission’s interim report, Unlocking business dynamism, that proposes reforms that has the potential to help small residential builders and trade contractors comply, restructure and recover.