by Sanjeev Sah | Mar 11, 2025 | Market Updates

The number and total value of new investment loans approved in the December 2024 quarter fell 4.5% and 2.9% respectively compared to the previous three-month period, according to the Australian Bureau of Statistics. 

A total of 48,876 new property investment loans were approved – a drop of 2,293 – while the total value was $1 billion lower, at $32.4 billion. 

ABS spokesperson Dr Mish Tan said the December quarter fall in the value of new investment loans followed a record high of $33.4 billion in the September quarter, which was slightly higher than the previous peak in March 2022.  

Despite the December quarter fall, the value of new investment loans during the 2024 calendar year (in original terms) reached $125.1 billion. This was 29.8% higher than the $96.4 billion value of new loans in 2023. 

Additionally, the average size of investment loans increased 7.9% ($25,065) annually to $674,316, even though there was some moderation in house prices over the second half of 2024.