Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 1.3% in August 2016, following a fall of 1.0% in July 2016. Falls were recorded in commitments for the purchase of established dwellings (down 689, 1.5%), commitments for the total number of owner housing excluding refinancing (down 407, 1.1%) and commitments for the refinancing of established dwellings (down 294, 1.5%), while a rise was recorded in commitments for the purchase of new dwellings (up 3, 0.1%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 3.0% in August 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 July 2016 and August 2016, the number of owner occupied housing commitments (trend) fell in Victoria (down 298, 2.0%), New South Wales (down 261, 1.6%), Queensland (down 39, 0.4%), Western Australia (down 27, 0.4%), the Australian Capital Territory (down 22, 2.1%), South Australia (down 19, 0.5%), and the Northern Territory (down 5, 1.5%), while a rise was recorded in Tasmania (up 10, 1.0%). The seasonally adjusted estimates fell in Victoria (down 1011, 6.7%), New South Wales (down 615, 3.7%), Queensland (down 175, 1.6%), South Australia (down 146, 3.7%), the Australian Capital Territory (down 44, 4.3%), Tasmania (down 34, 3.4%), and the Northern Territory (down 17, 5.3%), while Western Australia was flat. 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 13.4% in August 2016 from 13.2% in July 2016. Between July 2016 and August 2016, the average loan size for first home buyers rose $2,000 to $318,300. The average loan size for all owner occupied housing commitments rose $2,400 to $363,300 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 1.1% in August 2016, following a fall of 0.9% in July 2016. The seasonally adjusted series fell 1.3% in August 2016, following a fall of 6.0% in July 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 August 2016, following a fall of 0.4% in July 2016. The seasonally adjusted series rose 3.7% in August 2016, after a fall of 6.3% in July 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 0.1% in August 2016, following a rise of 0.1% in July 2016. The seasonally adjusted series fell 0.4% in August 2016, following a fall of 3.5% in July 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 1.5% in August 2016, following a fall of 1.1% in July 2016. The seasonally adjusted series fell 3.9% in August 2016, following a fall of 4.3% in July 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) fell 1.5% in August 2016, following a fall of 1.2% in July 2016. The seasonally adjusted series fell 5.9% in August 2016, following a fall of 1.7% in July 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 1.2% in August 2016, following a fall of 0.9% in July 2016. The seasonally adjusted series fell 3.2% in August 2016, following a fall of 4.8% in July 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 1.7% in August 2016, following a fall of 2.4% in July 2016. The seasonally adjusted series fell 0.7% in August 2016, after a flat July 2016. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 1.9% in August 2016, following a rise of 0.5% in July 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 August 2016, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,524b, up $7b (0.5%) from the July 2016 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $5b (0.6%) to $987b, and Investment Housing loan outstandings financed by ADIs rose $1.6b (0.3%) to $537b. Bank housing loan outstandings rose $8b (0.5%) during August 2016 to reach a closing balance of $1,487b. Owner occupied housing loan outstandings of banks rose $6b (0.6%) to $958b, and Investment Housing loan outstandings of banks rose $1.8b (0.3%) to $529b. 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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