Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.1% in July 2016, following a fall of 0.3% in June 2016. Falls were recorded in commitments for the construction of dwellings (down 19, 0.3%), and commitments for the purchase of established dwellings excluding refinancing (down 90, 0.3%), while rises were recorded in commitments for the purchase of new dwellings (up 12, 0.4%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 4.2% in July 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 June 2016 and July 2016, the number of owner occupied housing commitments (trend) fell in New South Wales (down 88, 0.5%), Western Australia (down 49, 0.8%), the Australian Capital Territory (down 3, 0.4%) and the Northern Territory (down 1, 0.3%), while rises were recorded in Queensland (up 57, 0.5%), South Australia (up 22, 0.5%), Tasmania (up 20, 2.1%) and Victoria was flat. The seasonally adjusted estimates fell in Queensland (down 550, 4.9%), New South Wales (down 370, 2.1%), Victoria (down 198, 1.3%), the Australian Capital Territory (down 98, 8.7%), the Northern Territory (down 22, 6.5%) and South Australia (down 19, 0.5%), while rises were recorded in Western Australia (up 74, 1.2%) and Tasmania (up 14, 1.4%). 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 fell to 14.1% in July 2016 from 14.3% in June 2016. Between June 2016 and July 2016, the average loan size for first home buyers rose $600 to $335,600. The average loan size for all owner occupied housing commitments rose $800 to $360,900 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 0.3% in July 2016, following a fall of 0.4% in June 2016. The seasonally adjusted series fell 6.1% in July 2016, after a rise of 2.9% in June 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 0.3% in July 2016, following a fall of 0.6% in June 2016. The seasonally adjusted series fell 5.0% in July 2016, after a rise of 1.6% in June 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) rose 0.4% in July 2016, following a rise of 0.5% in June 2016. The seasonally adjusted series fell 3.4% in July 2016, after a rise of 3.1% in June 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) fell 0.1% in July 2016, following a fall of 0.3% in June 2016. The seasonally adjusted series fell 4.1% in July 2016, after a rise of 1.6% in June 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 July 2016, after being flat in June 2016. The seasonally adjusted series fell 0.7% in July 2016, following a fall of 0.5% in June 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) rose 0.1% in July 2016, after being flat in June 2016. The seasonally adjusted series fell 4.5% in July 2016, after a rise of 1.7% in June 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) fell 2.8% in July 2016, following a fall of 3.2% in June 2016. The seasonally adjusted series fell 0.3% in July 2016, after a rise of 0.8% in June 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 July 2016, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,517b, up $7b (0.5%) from the June 2016 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $6b (0.6%) to $982b and investment housing loan outstandings financed by ADIs rose $1.3b (0.2%) to $535b. Bank housing loan outstandings rose $7b (0.5%) during July 2016 to reach a closing balance of $1,479b. Owner occupied housing loan outstandings of banks rose $6b (0.6%) to $952b and investment housing loan outstandings of banks rose $1.5b (0.3%) to $527b. 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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