Borrow
Surge in lending showcased in July
The value of lending commitments to households rose by 3.9 per cent in July 2019, as new investors entered the property market, the latest official figures have highlighted.
Surge in lending showcased in July
The value of lending commitments to households rose by 3.9 per cent in July 2019, as new investors entered the property market, the latest official figures have highlighted.
New data from the Australian Bureau of Statistics (ABS) has shown that investment in owner-occupier dwellings, excluding refinancing, increased by 5.3 per cent in July, according to seasonally adjusted figures.
It was the strongest commitment to households since October 2014, according to the ABS chief economist Bruce Hockman.
The value of lending for owner-occupier dwellings rose 5.3 per cent nationally in July, with increases occurring in all states and territories except for Tasmania.
Lending for investment dwellings saw a similar jump, rising 4.7 per cent in July with improvements across all states and territories.
Despite the strong figures, Mr Hockman did note that lending figures are still down from the 2017 peak.
“For the second month in a row, there were particularly strong increases in the level of new lending commitments for owner-occupier and investment dwellings,” he stated.
According to the statistics, the number of loans to owner-occupier first home buyers rose for the fourth consecutive month in July (up 1.3 per cent).
For the first time in seven months, this was outpaced by a rise in the number of loans to non-first home buyers (up 4.0 per cent).
Personal finance fell 2.6 per cent in July following a 5.0 per cent rise in June. The July figure was down 8.9 per cent from its positioning in July 2018, it was reported.
The value of new lending commitments to businesses also fell 1.3 per cent in July, but in contrast with personal finance figures, was up 1.5 per cent compared to 12 months ago.
RELATED ARTICLES
About the author
About the author
Loans
The new shadow lender: How the ‘Bank of Mum and Dad’ is redrawing Australia’s first-home buyer market
Parental capital has become a decisive force in Australia’s housing market, accelerating deposits, lifting bidding power and creating a two‑speed pipeline of first‑home buyers. This isn’t a feel‑good ...Read more
Loans
The effortless edge: How Australian brokers turn retention into a compounding growth engine with AI and specialisation
Australia’s broking market is crowded, digital-first and unforgiving on acquisition costs. The growth story now is retention—engineered through low-effort client experiences, AI-enabled servicing and ...Read more
Loans
State Street: RBA holds rates at 3.6% as hawkish tone emerges
State Street has said the Reserve Bank of Australia’s (RBA) decision to hold the cash rate at 3.6 per cent reflects a more hawkish policy bias, signalling that the central bank is likely to keep rates ...Read more
Loans
The effortless edge: How brokers turn low-friction service into high-retention value
Client retention in broking is no longer about squeezing a better rate at renewal. It’s about building an ‘effortless’ experience that anticipates needs, removes friction, and compounds loyalty across ...Read more
Loans
Mortgage broking 2030: from rate-hunting to AI-orchestrated advice
A new industry white paper promises a map for mortgage broking’s next decade. The real story: distribution power is shifting from rate comparison to data-led advice, and firms that industrialise AI ...Read more
Loans
Mortgage stress is easing — but the relief is uneven and strategic
The share of Australian borrowers classified as ‘at risk’ has fallen to its lowest level since early 2023, according to Roy Morgan. Yet the absolute number of households under pressure has risen by ...Read more
Loans
Mortgage stress is easing — but the credit cycle’s next winners will be data‑led
New Roy Morgan data shows the share of borrowers at risk has fallen to the lowest point since early 2023. That’s a welcome inflection after two years of rate rises—but the absolute number of at‑risk ...Read more
Loans
Beyond the mortgage: SME lending is where growth, margin and loyalty are shifting
SME credit is moving from branch desks to APIs, from collateral to cashflow, and from monoline lenders to embedded platforms. For banks, fintechs and brokers, this is not a side-bet—it’s where ...Read more
Loans
The new shadow lender: How the ‘Bank of Mum and Dad’ is redrawing Australia’s first-home buyer market
Parental capital has become a decisive force in Australia’s housing market, accelerating deposits, lifting bidding power and creating a two‑speed pipeline of first‑home buyers. This isn’t a feel‑good ...Read more
Loans
The effortless edge: How Australian brokers turn retention into a compounding growth engine with AI and specialisation
Australia’s broking market is crowded, digital-first and unforgiving on acquisition costs. The growth story now is retention—engineered through low-effort client experiences, AI-enabled servicing and ...Read more
Loans
State Street: RBA holds rates at 3.6% as hawkish tone emerges
State Street has said the Reserve Bank of Australia’s (RBA) decision to hold the cash rate at 3.6 per cent reflects a more hawkish policy bias, signalling that the central bank is likely to keep rates ...Read more
Loans
The effortless edge: How brokers turn low-friction service into high-retention value
Client retention in broking is no longer about squeezing a better rate at renewal. It’s about building an ‘effortless’ experience that anticipates needs, removes friction, and compounds loyalty across ...Read more
Loans
Mortgage broking 2030: from rate-hunting to AI-orchestrated advice
A new industry white paper promises a map for mortgage broking’s next decade. The real story: distribution power is shifting from rate comparison to data-led advice, and firms that industrialise AI ...Read more
Loans
Mortgage stress is easing — but the relief is uneven and strategic
The share of Australian borrowers classified as ‘at risk’ has fallen to its lowest level since early 2023, according to Roy Morgan. Yet the absolute number of households under pressure has risen by ...Read more
Loans
Mortgage stress is easing — but the credit cycle’s next winners will be data‑led
New Roy Morgan data shows the share of borrowers at risk has fallen to the lowest point since early 2023. That’s a welcome inflection after two years of rate rises—but the absolute number of at‑risk ...Read more
Loans
Beyond the mortgage: SME lending is where growth, margin and loyalty are shifting
SME credit is moving from branch desks to APIs, from collateral to cashflow, and from monoline lenders to embedded platforms. For banks, fintechs and brokers, this is not a side-bet—it’s where ...Read more
