Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 1.1% in April 2018, following a fall of 1.1% in March 2018. Falls were recorded in commitments for the purchase of established dwellings (down 432, 1.0%), commitments for the construction of dwellings (down 102, 1.7%), and commitments for the purchase of new dwellings (down 26, 0.9%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 1.4% in April 2018. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. Number of Owner Occupied Dwellings Financed - State Between March 2018 and April 2018, the number of owner occupied housing commitments (trend) fell in Victoria (down 168, 1.1%), Queensland (down 159, 1.6%), New South Wales (down 116, 0.7%), Western Australia (down 59, 1.2%), South Australia (down 32, 0.9%), the Australian Capital Territory (down 7, 0.6%), the Northern Territory (down 3, 0.9%) and Tasmania (down 2, 0.2%). The seasonally adjusted estimates fell in Victoria (down 546, 3.5%), Queensland (down 147, 1.5%), New South Wales (down 127, 0.8%), Western Australia (down 74, 1.5%), Tasmania (down 28, 2.7%) and the Australian Capital Territory (down 14, 1.2%), while rises were recorded in South Australia (up 146, 4.4%) and the Northern Territory (up 16, 6.7%). Further detail can be found in Tables 5 and 6 on the downloads tab of this release and in the PDF. First Home Buyer Commitments In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 17.6% in April 2018 from 17.4% in March 2018. Between March 2018 and April 2018, the average loan size for first home buyers rose $7,200 to $342,800. The average loan size for all owner occupied housing commitments rose $10,200 to $398,500 for the same period. Further detail can be found in Table 9a on the downloads tab of this release and in Table 9 of the PDF. Number of Owner Occupied Dwellings Financed Excluding Refinancing The number of owner occupied housing commitments excluding refinancing (trend) fell 1.2% in April 2018, following a fall of 1.3% in March 2018. The seasonally adjusted series fell 1.9% in April 2018, following a fall of 1.9% in March 2018. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. PURPOSE OF FINANCE (OWNER OCCUPATION) Construction of dwellings The number of finance commitments for the construction of dwellings for owner occupation (trend) fell 1.7% in April 2018, following a fall of 1.8% in March 2018. The seasonally adjusted series fell 0.2% in April 2018, following a fall of 4.3% in March 2018. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. Purchase of new dwellings The number of finance commitments for the purchase of new dwellings for owner occupation (trend) fell 0.9% in April 2018, following a fall of 1.2% in March 2018. The seasonally adjusted series fell 3.7% in April 2018, following a fall of 1.9% in March 2018. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. Purchase of established dwellings (including refinancing across lending institutions) The number of finance commitments for the purchase of established dwellings for owner occupation (trend) fell 1.0% in April 2018, following a fall of 1.0% in March 2018. The seasonally adjusted series fell 1.3% in April 2018, following a fall of 2.1% in March 2018. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. Refinancing The number of refinancing commitments for owner occupied housing (trend) fell 0.7% in April 2018, following a fall of 0.7% in March 2018. The seasonally adjusted series fell 0.3% in April 2018, following a fall of 3.3% in March 2018. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. TYPE OF LENDER (OWNER OCCUPATION) Banks The number of commitments for owner occupied dwellings financed by banks (trend) fell 1.1% in April 2018, following a fall of 1.1% in March 2018. The seasonally adjusted series fell 1.6% in April 2018, following a fall of 2.4% in March 2018. Further detail can be found in Tables 3 and 4 on the downloads tab of this release and in the PDF. Non-banks The number of commitments for owner occupied dwellings financed by non-banks (trend) fell 0.8% in April 2018, following a fall of 0.9% in March 2018. The seasonally adjusted series rose 1.7% in April 2018, after a fall of 2.1% in March 2018. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 3.0% in April 2018, following a fall of 3.7% in March 2018. Further detail can be found in Tables 3 and 4 on the downloads tab of this release and in the PDF. HOUSING LOAN OUTSTANDINGS At the end of April 2018, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,661b, up $3b (0.2%) from the March 2018 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $3b (0.3%) to $1,098b and investment housing loan outstandings financed by ADIs was flat. Bank housing loan outstandings rose $3b (0.2%) during April 2018 to reach a closing balance of $1,624b. Owner occupied housing loan outstandings of banks rose $3b (0.3%) to $1,070b and investment housing loan outstandings of banks was flat. Further detail can be found in Table 12 on the downloads tab of this release and in the PDF. Document Selection These documents will be presented in a new window.
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