The value of new owner-occupier loan commitments for dwellings in Australia declined by 4.3% quarter-on-quarter to AUD 61.4 billion in Q1 2026, reversing a downwardly revised 9.4% growth in the previous quarter. First-home buyer demand slipped 6.7%, after surging 15.2% in Q4, which had marked the sharpest rise in two years. Demand from non–first-home buyers also dipped 5.0%, following a 6.5% increase previously. On an annual basis, owner-occupier lending jumped 14.3%. Meanwhile, investment lending for housing fell 3.0% to AUD 41.5 billion, swinging from a 8.2% decrease in Q4. Year-on-year, investment loan values jumped 25.3%.