--- title: "24240 – APN Housing Credit Risk Index™" url: https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24240/ date: 2026-10-03 modified: 2026-10-03 lang: en author: "Nicklas Clark" description: "APN Codex Node 2424024200 Series — Risk & ComplianceCertified APN Housing Credit Risk Index™ Current Reading 51.7 Ranked against 30 quarters · as of the quarter ending 30 June 2026..." word_count: 574 --- # 24240 – APN Housing Credit Risk Index™ APN Codex Node 2424024200 Series — Risk & ComplianceCertified ### APN Housing Credit Risk Index™ Current Reading 51.7 Ranked against 30 quarters · as of the quarter ending 30 June 2026 1What It Measures The APN Housing Credit Risk Index™ reads mortgage distress across Australia’s authorised deposit-taking institutions: the share of residential lending that is non-performing, and the share 30 to 89 days past due, the pipeline into non-performance. Higher readings mean more distress. It is a **national time series** and a component of the APN Risk & Compliance Index™ (24200). 2Composite Construction | Component | Source | Weight | | --------- | ------ | ------ | | Non-performing loans, as a share of total residential credit outstanding | APRA Quarterly ADI Property Exposures, all authorised deposit-taking institutions, quarterly from March 2019 | 50% | | Loans 30 to 89 days past due, as a share of total residential credit outstanding | As above | 50% | Each input is standardised against its own history from March 2019, and the node is their equal-weighted mean. 3Current Reading in Context | Input | June quarter 2026 | Standardised | | ----- | ----------------- | ------------ | | Non-performing loans | 1.01% of residential credit (2019–2025 average 0.93%) | +0.6652 | | Loans 30–89 days past due | 0.54% (average 0.56%) | −0.2283 | | Composite | — | +0.2184 | 4Reading History Position · June 2026- 500100Less mortgage distressMore mortgage distress51.7+0.2184σ · ranked against 30 quartersShaded band: the normal range, 10 to 90APN Housing Credit Risk Index™ (24240) · Reading HistoryNode Z-Score by Quarter, March 2019 to June 2026+0.2184σ · position 51.7, ranked against 30 quarters**Reading, ranked quarters**Normal range (middle 80% of ranked quarters)**Current readingThe June quarter 2026 reading, +0.2184σ, ranks 51.7 against 30 quarters and sits inside the normal range of −1.1352σ to +0.8154σ. The highest ranked reading was +1.4587σ in the June quarter 2020, and the lowest −1.7433σ in the September quarter 2022. APRA's residential loan-performance series begin in March 2019. Show the data | Quarter | Reading | Basis | | ------- | ------- | ----- | | Q1 2019 | +0.6788σ | Ranked | | Q2 2019 | +0.8436σ | Ranked | | Q3 2019 | +0.3523σ | Ranked | | Q4 2019 | +0.4297σ | Ranked | | Q1 2020 | +1.0342σ | Ranked | | Q2 2020 | +1.4587σ | Ranked | | Q3 2020 | +0.2088σ | Ranked | | Q4 2020 | +0.3580σ | Ranked | | Q1 2021 | +0.4285σ | Ranked | | Q2 2021 | +0.1484σ | Ranked | | Q3 2021 | −0.4498σ | Ranked | | Q4 2021 | −0.9795σ | Ranked | | Q1 2022 | −0.9352σ | Ranked | | Q2 2022 | −1.2621σ | Ranked | | Q3 2022 | −1.7433σ | Ranked | | Q4 2022 | −1.5695σ | Ranked | | Q1 2023 | −1.1211σ | Ranked | | Q2 2023 | −0.8678σ | Ranked | | Q3 2023 | −0.5832σ | Ranked | | Q4 2023 | −0.1290σ | Ranked | | Q1 2024 | +0.5014σ | Ranked | | Q2 2024 | +0.8123σ | Ranked | | Q3 2024 | +0.5881σ | Ranked | | Q4 2024 | +0.6046σ | Ranked | | Q1 2025 | +0.7533σ | Ranked | | Q2 2025 | +0.5061σ | Ranked | | Q3 2025 | +0.0849σ | Ranked | | Q4 2025 | −0.1511σ | Ranked | | Q1 2026 | −0.0505σ | Ranked | | Q2 2026 | +0.2184σ | Ranked | 5Reading the Pattern The June quarter 2026 reading, +0.2184σ, sits at the middle of the node’s record (position 51.7 against 30 quarters). The two inputs diverge: non-performing loans, at 1.01% of residential credit, are above their average, while early arrears, at 0.54%, are slightly below theirs. Distress was highest in the June quarter 2020 (+1.4587σ) and lowest in the September quarter 2022 (−1.7433σ). It rose through 2023 to a high in the June quarter 2024 (+0.8123σ), and has eased since the March quarter 2025. 6Methodology & Disclosed Caveats **Short baseline.** APRA’s loan-performance data begins in March 2019, so each input’s baseline holds fewer quarters than the platform minimum. This is disclosed rather than smoothed over. - **Coverage.** The data covers authorised deposit-taking institutions, not non-bank lenders. - **Definitions.** Non-performing loans and loans past due follow APRA’s reporting definitions. 7Other Components The other components of the APN Risk & Compliance Index™ (24200). [Node 24210 →APN Regulatory Velocity Multiplier™ (APN RVM™)Reads how actively ASIC and APRA are pursuing enforcement action.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24210/) [Node 24220 →APN System Friction Index™Administrative complexity and compliance burden. No data source yet; joins the index when one exists.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24220/) [Node 24230 →APN Credit Rationing Index™Reads how tightly mortgage credit is rationed, through serviceability rules and lenders’ own policies.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24230/) [Node 24250 →APN Household Insolvency Pressure Index™Reads household financial failure: new personal insolvencies per 100,000 population.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24250/) [Parent branch →24200 — APN Risk & Compliance Index™](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/) 8Certification APN Codex Node 24240 — Certified - Certified as a component of the APN Risk & Compliance Index™ (position 51.7 against 30 quarters, from a Z-score of +0.2184 at the quarter ending 30 June 2026) - Short-baseline and coverage caveats disclosed above