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Property and Mortgage Insights Report

September 2021 quarter

Overview

QLD property market climbs despite soft start to spring across Australia

This report aims to provide a view of property settlements in Australia, as well as highlight mortgage trends, such as growth in new loans and the performance of lenders. We trust you will find the unique data and insights in this report valuable and hope it delivers a new perspective on the health of the Australian property market.

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    QLD recorded highest volume of sale settlements

    QLD was the only state to show growth on the Jun-21 quarter.

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    NSW and VIC impacted by extended lockdown restrictions

    Both states experienced declines in volume for the quarter, dampening otherwise buoyant markets.

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    Property markets in WA and SA showed signs of having peaked

    Both states experienced declines in settlement volumes over the quarter in the absence of extended lockdown restrictions.

Settlement highlights

QLD recorded the highest volume of sale settlements for the Sep-21 quarter at over 59K

QLD was also the only state to show growth on the Jun-21 quarter.

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NSW recorded an aggregate value of over $71.2b for sale settlements in the Sep-21 quarter

This was up 10.2% on the Jun-21 quarter and far eclipsed VIC in second place on $50.2b.

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Mortgage highlights

  • Nationally, the major banks were most successful in growing their mortgage books for new loans in the past 12-months*, up over 28.0K.
  • Conversely, Non-ADI lenders were the only lender type to contract during that period, down more than 22.5K new loans.

 

 

 

* 12 months from Sep-20 to Aug-21
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*12 months from Sep-20 to Aug-21

The major banks were most successful in growing their mortgage books for new loans in the past 12-months. This was likely driven by borrowers taking advantage of highly competitive fixed interest loans offered by the major banks in FY21.

Other domestic banks also held a strong winning position up over 25K new loans for the period, followed by Customer-owned banks, up nearly 15K and Foreign ADIs up almost 10K.

Methodology

In this report ‘National’ is defined as the 5 mainland states: NSW, VIC, QLD, WA & SA (our analysis excludes TAS, ACT & NT, which combined made up less than 5% of the total property settlements in Australia in 2021). Settlement figures quoted are total settlements, they include all digital and paper-based settlements for ​residential and commercial property unless otherwise stated, however any non-monetary settlements such as family transfers or gifts have been excluded. ​

 

Disclaimer
This document provides general marketing information, and is not intended to be an investment report nor does it constitute financial product advice. The data used in this document is a combination of PEXA data and data acquired from third parties. Any opinions, conclusions or recommendations in this document are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to the accuracy, reliability or completeness of any statement made in this document. Any opinions, conclusions or recommendations in this document are subject to change (without notice) and may differ or be contrary to the opinions, conclusions or recommendations expressed by other analysts. Any valuations, projections and forecasts here in are based on a number of assumptions and estimates and are subject to contingencies and uncertainties. Different assumptions and estimates could result in different results. PEXA does not represent or warrant that any valuations, projections or forecasts, or any of the underlying assumptions or estimates, will be met. PEXA is under no obligation to, and does not, update or keep current the information contained in this document. PEXA accepts no liability for any loss or damage arising out of the use of all or any part of this document. All material presented in this report, unless indicated otherwise, is subject to PEXA’s copyright. None of the content may be altered in anyway, transmitted to, copied or distributed to any other party, without PEXA’s prior written permission.
Information used to compile this report was sourced from the PEXA System with the approval from the Registrar of Titles in relevant jurisdictions. The relevant State Governments do not accept any responsibility for the accuracy or completeness of the information or its suitability for any purpose.

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