
Page tools:
![]() ![]() | ||
|
SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.2% in March 2016, after being flat in February 2016. Falls were recorded in commitments for the construction of dwellings (down 53, 0.9%) and commitments for the purchase of new dwellings (down 92, 3.3%), commitments for the purchase of established dwellings excluding refinancing was unchanged, and commitments for the refinancing of established dwellings rose (up 20, 0.1%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 0.9% in March 2016. 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 February 2016 and March 2016, the number of owner occupied housing commitments (trend) fell in New South Wales (down 76, 0.4%), Western Australia (down 18, 0.3%), Tasmania (down 12, 1.3%) and the Northern Territory (down 6, 2.0%), while rises were recorded in South Australia (up 15, 0.4%), Queensland was flat, and the Australian Capital Territory (up 2, 0.2%). The seasonally adjusted estimates fell in New South Wales (down 199, 1.1%), Queensland (down 130, 1.2%), Western Australia (down 66, 1.0%) and Tasmania (down 28, 3.2%), while rises were recorded in Victoria (up 52, 0.3%), the Australian Capital Territory (up 69, 7.2%), South Australia (up 25, 0.7%) and the Northern Territory (up 3, 1.2%). 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 fell to 14.2% in March 2016 from 14.6% in February 2016. Between February 2016 and March 2016, the average loan size for first home buyers rose $1,600 to $328,700. The average loan size for all owner occupied housing commitments rose $800 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 0.4% in March 2016, following a fall of 0.4% in February 2016. The seasonally adjusted series fell 1.6% in March 2016, after a rise of 1.4% in February 2016. 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 March 2016, following a fall of 0.7% in February 2016. The seasonally adjusted series fell 2.0% in March 2016, following a fall of 2.2% in February 2016. 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 3.3% in March 2016, following a fall of 2.9% in February 2016. The seasonally adjusted series fell 5.2% in March 2016, following a fall of 13.7% in February 2016. 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) rose 0.1% in March 2016, following a rise of 0.2% in February 2016. The seasonally adjusted series fell 0.5% in March 2016, following a rise of 2.2% in February 2016. 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 March 2016, following a rise of 0.8% in February 2016. The seasonally adjusted series rose 1.1% in March 2016, after being flat in February 2016. 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 March 2016, following a fall of 0.3% in February 2016. The seasonally adjusted series fell 1.2% in March 2016, after a rise of 1.1% in February 2016. 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) rose 2.3% in March 2016, following a rise of 3.0% in February 2016. The seasonally adjusted series rose 2.0% in March 2016, after a fall of 0.5% in February 2016. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 1.5% in March 2016, following a fall of 0.5% in February 2016. 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 March 2016, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,482b, up $7b (0.5%) from the February 2016 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $7b (0.7%) to $953b and investment housing loan outstandings financed by ADIs rose $0.6b (0.1%) to $529b. Bank housing loan outstandings rose $9b (0.7%) during March 2016 to reach a closing balance of $1,441b. Owner occupied housing loan outstandings of banks rose $8b (0.9%) to $921b and investment housing loan outstandings of banks rose $1.3b (0.2%) to $520b. 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.
|