Australia: monthly value of home loans funded by rate type 2024

In March 2024, the value of variable rate housing loans funded in Australia, including refinanced loans, amounted to around 46.83 billion Australian dollars. In comparison, the value of fixed rate home loans funded, including refinancing, came to just over 660 million Australian dollars that same month.

Monthly value of housing loans funded in Australia from March 2020 to March 2024, by rate type (in billion Australian dollars)

Characteristic	Fixed rate housing loans	Variable rate housing loans
Mar-20	4.61	29.87
Apr-20	7.57	26.47
May-20	11.25	25.9
Jun-20	14.35	26.97
Jul-20	13.85	23.75
Aug-20	12.31	22.61
Sep-20	13.76	25.12
Oct-20	13.71	26.67
Nov-20	13.05	27.1
Dec-20	15.15	29.94
Jan-21	13.36	23.84
Feb-21	14.82	25.87
Mar-21	20.03	30.87
Apr-21	20.16	27.4
May-21	22.74	28.58
Jun-21	26.11	31.39
Jul-21	26.29	30.83
Aug-21	25.71	30.19
Sep-21	24.67	29.76
Oct-21	22.8	29.52
Nov-21	25.84	34.04
Dec-21	23.9	36.08
Jan-22	15.76	29.82
Feb-22	13.07	33.44
Mar-22	11.79	42.89
Apr-22	8.02	40.75
May-22	6.73	49.79
Jun-22	5.33	52.45
Jul-22	2.75	47.37
Aug-22	2.33	50.44
Sep-22	1.9	45.75
Oct-22	1.9	45.76
Nov-22	2.47	49.06
Dec-22	2.44	47.28
Jan-23	1.88	37.53
Feb-23	2.18	38.35
Mar-23	2.79	47.74
Apr-23	2.11	39.41
May-23	2.64	51.4
Jun-23	4.5	50.51
Jul-23	4.69	44.93
Aug-23	4.08	48.91
Sep-23	2.08	46.43
Oct-23	1.17	49.4
Nov-23	1.06	52.23
Dec-23	1.04	49.47
Jan-24	0.97	41.39
Feb-24	0.61	41.8
Mar-24	0.66	46.83

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Release date

May 2024

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Region

Australia

Survey time period

March 2020 to March 2024

Supplementary notes

Includes refinancing.

According to the source, a loan is considered funded once any portion of the funds is made available for the borrower to draw down according to the terms of the contract. This will occur after there is a borrower-accepted commitment to provide finance. Therefore, the monthly value of home loans funded may not correspond with the value of new borrower-accepted commitments for the month.

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