5609.0 - Housing Finance, Australia, November 2018 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2019 Ceased
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.2% in November 2018, following a fall of 0.2% in October 2018. Falls were recorded in commitments for the construction of dwellings (down 52, 0.9%), commitments for the purchase of established dwellings (down 32, 0.1%) and commitments for the purchase of new dwellings (down 15, 0.6%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 0.9% in November 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 October 2018 and November 2018, the number of owner occupied housing commitments (trend) fell in New South Wales (down 114, 0.7%), Victoria (down 55, 0.4%) and Queensland (down 52, 0.5%), while rises were recorded in Western Australia (up 64, 1.3%), the Australian Capital Territory (up 27, 2.2%), South Australia (up 27, 0.7%), Tasmania (up 4, 0.4%) and the Northern Territory (up 1, 0.5%). The seasonally adjusted estimates fell in New South Wales (down 229, 1.5%), Tasmania (down 109, 9.2%), Queensland (down 74, 0.7%), South Australia (down 30, 0.8%) and the Australian Capital Territory (down 8, 0.6%), while rises were recorded in Western Australia (up 123, 2.4%), Victoria (up 113, 0.7%) and the Northern Territory (up 50, 22.4%). 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 18.3% in November 2018 from 18.1% in October 2018. Between October 2018 and November 2018, the average loan size for first home buyers fell $2,400 to $336,500. The average loan size for all owner occupied housing commitments fell $1,600 to $384,700 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 0.2% in November 2018, following a fall of 0.3% in October 2018. The seasonally adjusted series fell 0.5% in November 2018, after a rise of 2.3% in October 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 0.9% in November 2018, following a fall of 0.8% in October 2018. The seasonally adjusted series fell 2.0% in November 2018, after a rise of 3.3% in October 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 0.6% in November 2018, following a fall of 0.9% in October 2018. The seasonally adjusted series rose 3.4% in November 2018, after a fall of 0.6% in October 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 0.1% in November 2018, following a fall of 0.1% in October 2018. The seasonally adjusted series fell 1.1% in November 2018, after a rise of 2.1% in October 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 0.1% in November 2018, while October 2018 was flat. The seasonally adjusted series fell 1.8% in November 2018, after a rise of 1.8% in October 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) was flat in November 2018, after a fall of 0.1% in October 2018. The seasonally adjusted series fell 0.7% in November 2018, after a rise of 2.2% in October 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 1.7% in November 2018, following a fall of 1.7% in October 2018. The seasonally adjusted series fell 4.1% in November 2018, after a rise of 1.6% in October 2018. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 1.0% in November 2018, following a fall of 0.7% in October 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 November 2018, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,701b, up $6b (0.4%) from the October 2018 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $6b (0.5%) to $1,135b, while investment housing loan outstandings financed by ADIs was flat at $566b. Bank housing loan outstandings rose $6b (0.3%) during November 2018 to reach a closing balance of $1,663b. Owner occupied housing loan outstandings of banks rose $6b (0.5%) to $1,106b, while investment housing loan outstandings of banks was flat at $557b. 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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