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PEXA Mortgage Insights 

Financial Year 2022

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Mortgage highlights

Home loan lending grew strongly in FY22

Over 472K new home loans were taken out in the eastern states in FY22. Volumes were well up for both residential and commercial properties compared to FY21. Residential new loans grew in all eastern states with, QLD and VIC leading, up over 10% year-on-year.

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Looking at refinances, levels remained elevated in FY22

Property owners, driven by the prospect of rising interest rates, sought out better deals on their home loan. VIC topped the eastern states for the second year running, recording the most refinances in both FY21 and FY22.

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Postcode 3029 (Truganina) topped all postcodes in FY22 in the eastern states for total residential new loans.

Over 5.3K new loans were completed in the postcode in FY22.

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Overview

This PEXA Insights report aims to provide a comprehensive view of mortgages in Australia, using the unique data captured in the PEXA digital property exchange. This analysis only includes transfers and refinances lodged digitally via PEXA and excludes any paper based lodgments. As of Mar-22, over 85% of transfers and 95% of all refinances nationally were lodged via PEXA. 

Methodology

This report covers the eastern states of NSW, VIC and QLD for both residential and commercial property unless otherwise specified. Refinance numbers reported only include external refinances (where the home loan is refinanced with a different lender) and exclude internal refinances (where the home loan is refinanced with the same lender).

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