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Financial market: Lending commitments to first home buyers

Lending commitments to first home buyers

Lending commitments to first home buyers shows the number and value of new loan commitments to first home buyers, including to those who are investors and to those who are owner occupiers.

Lending commitments by significant lenders for the purposes of secured housing finance for owner occupation, purchase of investment dwellings and other personal finance are published in the Australian Bureau of Statistics (ABS) publication Lending Indicators. A lending commitment is defined as a firm offer to provide finance which has been accepted by the borrower, and exists once the loan application has been approved and a loan contract or letter of offer has been issued to the borrower. The effects of normal seasonal variation and 'trading day effects' have been removed in the seasonal adjustment figures. To create trend estimates, the seasonally adjusted series is smoothed to reduce the impact of the irregular component of the seasonally adjusted series.

ABS Lending Indicators data are also used in the following dashboard menu option: Lending commitments to households.

See ABS 5601.0 – Lending Indicators ([email protected]/mf/5601.0) for further information, including in-depth commentary and analysis, in particular the source data Quality Declaration. Source reference tables 23, 24, 25.