5609.0 - Housing Finance, Australia, May 2015 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/07/2015
Page tools:
 Print Page
 Print All
| ||
|
SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.2% in May 2015, after it being flat in April 2015. Falls were recorded in commitments for the construction of dwellings (down 34, 0.6%) and commitments for the purchase of established dwellings excluding refinancing (down 296, 1.2%), while rises were recorded in commitments for the refinancing of established dwellings (up 203, 1.1%) and commitments for the purchase of new dwellings (up 30, 1.1%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 6.1% in May 2015. 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 April 2015 and May 2015, the number of owner occupied housing commitments (trend) fell in New South Wales (down 49, 0.3%), Western Australia (down 42, 0.6%), Victoria (down 32, 0.2%) and Tasmania (down 9, 1.1%), while rises were recorded in the Australian Capital Territory (up 6, 0.6%), South Australia (up 4, 0.1%), the Northern Territory (up 3, 0.9%). Queensland was flat. The seasonally adjusted estimates fell in New South Wales (down 953, 5.9%), Victoria (down 949, 6.4%), Western Australia (down 352, 5.2%), Queensland (down 326, 3.2%), South Australia (down 237, 7.0%), Tasmania (down 43, 5.1%), the Australian Capital Territory (down 38, 4.2%) and the Northern Territory (down 32, 8.8%). 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 15.9% in May 2015 from 15.8% in April 2015. Between April 2015 and May 2015, the average loan size for first home buyers fell $800 to $340,400. The average loan size for all owner occupied housing commitments rose $200 to $357,500 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 May 2015, following a fall of 0.9% in April 2015. The seasonally adjusted series fell 8.2% in May 2015, after a rise of 1.2% in April 2015. 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 0.6% in May 2015, following a fall of 0.8% in April 2015. The seasonally adjusted series fell 8.3% in May 2015, after a rise of 5.5% in April 2015. 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) rose 1.1% in May 2015, following a rise of 1.3% in April 2015. The seasonally adjusted series rose 0.3% in May 2015, following a rise of 1.7% in April 2015. 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 0.2% in May 2015, after being flat in April 2015. The seasonally adjusted series fell 6.2% in May 2015, after being flat in April 2015. 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 1.1% in May 2015, following a rise of 1.5% in April 2015. The seasonally adjusted series fell 2.3% in May 2015, following a fall of 0.2% in April 2015. 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 0.2% in May 2015, after being flat in April 2015. The seasonally adjusted series fell 6.2% in May 2015, after a rise of 0.7% in April 2015. 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) was flat in May 2015, after a rise of 0.1% in April 2015. The seasonally adjusted series fell 5.0% in May 2015, after a rise of 0.1% in April 2015. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 0.8% in May 2015, following a rise of 0.3% in April 2015. The seasonally adjusted series rose 8.3% in May 2015, following a rise of 0.7% in April 2015. 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 May 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,399,525m, up $7,437m (0.5%) from the April 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $3,804m (0.4%) to $912,572m and investment housing loan outstandings financed by ADIs rose $3,634m (0.8%) to $486,954m. Bank housing loan outstandings rose $7,429m (0.6%) during May 2015 to reach a closing balance of $1,353,934m. Owner occupied housing loan outstandings of banks rose $3,912m (0.4%) to $876,442m and investment housing loan outstandings of banks rose $3,517m (0.7%) to $477,492m. 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.
|
|