Quarterly authorised deposit-taking institution property exposure statistics – highlights
Print

Key statistics 1


APRA's Quarterly Publication Highlights for ADIs have been updated as of December 2024. This quarter's publication, along with future editions, will consist of charts and summary tables without written commentary or insights. This change will bring about consistency for APRA's quarterly publication highlights across all APRA-regulated industries.

Key statistics 
 

Dec 2023

Dec 2024

Year-on-year change

ADIs' residential property exposures

 
Total credit outstanding ($bn)

2,210.5

2,322.2

5.1%

Owner-occupied loans - share

67.7%

67.7%

-0.06 points

Investment loans - share

30.3%

30.4%

0.05 points

Loans with loan-to-valuation ratio (LVR) ≥ 80 per cent - share

18.0%

17.4%

-0.67 points

Loans 30-89 days past due - share

0.60%

0.59%

-0.01 points

Non-performing loans - share

0.85%

1.05%

0.2 points

ADIs' new loans funded during the quarter

 

New loans funded ($bn)

152.5

179.9

18.0%

New owner-occupied loans funded - share

65.6%

63.4%

-2.23 points

New investment loans funded - share

32.5%

34.4%

1.98 points

New loans with LVR ≥ 80 per cent funded - share

31.5%

31.0%

-0.41 points

New loans with debt-to-income (DTI) ratio ≥ 6x funded - share

5.6%

5.8%

0.21 points

ADIs' commercial property exposures

 

Commercial property exposure limits ($bn)

446.9

474.6

6.2%

Commercial property exposures ($bn)

415.7

439.6

5.7%

Residential mortgages: new lending

This chart shows the level of new loans funded, split by owner-occupier and investor loans, from December 2019 to December 2024. New loans peaked in the December 2021 quarter at $115.2 billion for owner-occupier borrowers and $51.7 billion for investment borrowers. During the latest December 2024 quarter, new loans funded stood at $103.3 billion and $57.7 billion for owner-occupier and investment borrowers respectively.
This chart shows the year-on-year changes of new housing loans funded including and excluding external refinancing.
This chart shows the year-on-year changes on new loans funded, including external refinancing for both owner-occupied and investment.
This chart shows the share of external refinancing as a share of total new loans. The share reached a peak of 47.8 per cent in March 2023. The share during the December 2024 quarter is 35.0 per cent.
This chart shows the share of new owner-occupied and investor loans with a debt-to-income (DTI) ratio greater than or equal to six times from December 2019 to December 2024. Levels reached a peak of 24.3 per cent during the December 2021 quarter. The share during the December 2024 quarter was 5.8 per cent.
This chart shows the share of new loans with an loan to valuation (LVR) ratio greater than or equal to 80 per cent, split by owner-occupied and investor loans, from December 2019 to December 2019. The shares during the December 2024 quarter were 31 per cent for owner-occupied and 32 per cent for investment loans.
This chart shows the new interest-only lending as a share of total new housing lending. The December 2024 quarter saw new interest-only lending marginally rise to a 20.5 per cent share of total new housing lending.
This chart shows exceptions to serviceability policy and serviceability waivers as a share of new loans funded from December 2019 to December 2024. Levels of exceptions to serviceability policy fell marginally to 4.6 per cent of new loans during the December 2024 quarter. Serviceability verification waivers have increased to 2.7 per cent of new loans in December 2024.

Residential mortgages: outstanding credit

This chart shows year-on-year growth in total credit outstanding from December 2019 to December 2024. The annual growth rate in credit outstanding peaked at 7.0 per cent during the March 2022 quarter, and was 5.05 per cent for the December 2024 quarter.
This chart shows balances in offset accounts as a share of total credit outstanding from December 2019 to December 2024. Levels have steadily risen and were 11.4 per cent during the December 2024 quarter.
This chart shows non performing loans and loans that are 30-89 days past due, both as a share of total credit outstanding from December 2019 to December 2019. Non-performing loan shares fell for the first quarter since December 2022 to 1.06 per cent of total credit outstanding. Loans that were 30-89 days past due rose to 0.59 per cent during December 2024.
This chart shows non performing loans for owner occupied and investment loans, as a share of total credit outstanding from December 2019 to December 2024 quarter. Non-performing loan shares were 1.1 per cent and 0.8 per cent for owner occupied and investment loans respectively during the December 2024 quarter.
The chart shows the share of non-performing loans for each LVR band as a portion of total credit outstanding in that LVR band. All LVR bands observed their lowest share of non-performing loans in December 2022. Post cash rate increases, these portions have increased, with the share of loans with an LVR < 80 per cent being 0.76 per cent in December 2024. Then share of non performing loans for LVRs between 80 and 90 per cent rose to 1.91 per cent, whilst for LVRs greater than 90 per cent, the portion was 3.
 

Commercial real estate

This chart shows the year-on-year change in total commercial property limits from December 2019 to December 2024. The year-on-year change peaked at 12.0 per cent during the June 2022 quarter. After falling between the June 2022 and March 2024 quarters, growth grew for the third consecutive quarter to 6.2 per cent in December 2024.
This chart shows the year-on-year change in total commercial property exposures from December 2019 to December 2024. The year-on-year change peaked at 15.5 per cent during the March 2023 quarter. After falling between March 2023 and March 2024, growth grew for the third consecutive quarter to 5.7 per cent in the December quarter 2024.
This chart shows year-on-year changes on total commercial property limits, split by sector (office, retail, industrial) from December 2019 to December 2024. Growth has been consistently higher for the industrial sector which had an annualised growth rate of 14.7 per cent for the December 2024 quarter. During the same quarter, annualised growth was 7.8 per cent for the retail sector and 4.0 per cent for the office sector.
This chart shows the non-performing commercial property exposures as a portion of total commercial property exposures, from December 2019 to December 2024. Non-performing commercial property exposures decreased to 0.67 per cent of total commercial property exposures in December 2024 from a series high of 0.88 per cent.

Footnote

1 Excludes ADIs that are not banks, building societies or credit unions. See ‘Explanatory Notes’ of the Quarterly authorised deposit-taking institution property exposures statistics (excel file) for details of share calculations.

Subscribe for updates

To receive media releases, publications, speeches and other industry-related information by email
Subscribe