Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.5% in September 2018, following a fall of 0.7% in August 2018. Falls were recorded in commitments for the purchase of established dwellings (down 178, 0.4%), commitments for the construction of dwellings (down 54, 1.0%) and commitments for the purchase of new dwellings (down 45, 1.7%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 1.0% in September 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 August 2018 and September 2018, the number of owner occupied housing commitments (trend) fell in Victoria (down 137, 0.9%), New South Wales (down 96, 0.6%), Queensland (down 62, 0.6%) and the Northern Territory (down 2, 0.8%), while rises were recorded in Western Australia (up 28, 0.6%), South Australia (up 11, 0.3%), Tasmania (up 2, 0.2%) and the Australian Capital Territory (up 1, 0.1%). The seasonally adjusted estimates fell in Victoria (down 652, 4.3%), New South Wales (down 157, 1.0%), South Australia (down 117, 3.3%), the Australian Capital Territory (down 41, 3.7%), Tasmania (down 9, 0.8%) and Queensland (down 5, 0.1%), while rises were recorded in Western Australia (up 225, 4.7%) and the Northern Territory (up 22, 9.6%). 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 18.0% in September 2018 from 17.8% in August 2018. Between August 2018 and September 2018, the average loan size for first home buyers fell $3,400 to $341,600. The average loan size for all owner occupied housing commitments fell $10,300 to $385,500 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 0.9% in September 2018, following a fall of 1.0% in August 2018. The seasonally adjusted series fell 0.5% in September 2018, following a fall of 3.0% in August 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 1.0% in September 2018, following a fall of 0.9% in August 2018. The seasonally adjusted series fell 3.5% in September 2018, following a fall of 6.5% in August 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 1.7% in September 2018, following a fall of 2.2% in August 2018. The seasonally adjusted series fell 3.9% in September 2018, after a rise of 0.1% in August 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 0.4% in September 2018, following a fall of 0.5% in August 2018. The seasonally adjusted series fell 0.5% in September 2018, following a fall of 1.7% in August 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) rose 0.2% in September 2018, while August 2018 was flat. The seasonally adjusted series fell 1.8% in September 2018, following a fall of 0.6% in August 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 0.5% in September 2018, following a fall of 0.7% in August 2018. The seasonally adjusted series fell 0.6% in September 2018, following a fall of 2.3% in August 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 0.5% in September 2018, following a fall of 0.3% in August 2018. The seasonally adjusted series fell 5.0% in September 2018, following a fall of 1.4% in August 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 September 2018, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,690b, up $3b (0.2%) from the August 2018 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $3b (0.3%) to $1,124b and investment housing loan outstandings financed by ADIs was flat at $565b. Bank housing loan outstandings rose $3b (0.2%) during September 2018 to reach a closing balance of $1,653b. Owner occupied housing loan outstandings of banks rose $4b (0.3%) to $1,095b and 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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