5609.0 - Housing Finance, Australia, March 2018 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/05/2018
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.7% in March 2018, following a fall of 0.9% in February 2018. Falls were recorded in commitments for the purchase of established dwellings (down 298, 0.7%), commitments for the construction of dwellings (down 73, 1.2%) and commitments for the purchase of new dwellings (down 23, 0.8%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 2.2% in March 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 February 2018 and March 2018, the number of owner occupied housing commitments (trend) fell in Queensland (down 104, 1.0%), Victoria (down 94, 0.6%), New South Wales (down 61, 0.4%), Western Australia (down 44, 0.9%), South Australia (down 32, 0.9%), the Australian Capital Territory (down 7, 0.7%) and the Northern Territory (down 4, 1.3%), while a rise was recorded in Tasmania (up 7, 0.7%). The seasonally adjusted estimates fell in New South Wales (down 493, 2.9%), South Australia (down 317, 8.6%), Victoria (down 236, 1.5%), Western Australia (down 115, 2.3%), Queensland (down 33, 0.3%) and the Northern Territory (down 29, 10.4%), while rises were recorded in the Australian Capital Territory (up 30, 2.6%) and Tasmania (up 20, 1.9%). 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 17.4% in March 2018 from 17.9% in February 2018. Between February 2018 and March 2018, the average loan size for first home buyers rose $7,700 to $335,400. The average loan size for all owner occupied housing commitments rose $5,900 to $388,100 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 March 2018, following a fall of 1.2% in February 2018. The seasonally adjusted series fell 1.7% in March 2018, following a fall of 0.2% in February 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 1.2% in March 2018, following a fall of 1.2% in February 2018. The seasonally adjusted series fell 4.4% in March 2018, following a fall of 7.2% in February 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 0.8% in March 2018, following a fall of 1.0% in February 2018. The seasonally adjusted series fell 1.4% in March 2018, after a rise of 6.3% in February 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 0.7% in March 2018, following a fall of 0.9% in February 2018. The seasonally adjusted series fell 1.9% in March 2018, after a rise of 0.3% in February 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) fell 0.3% in March 2018, following a fall of 0.3% in February 2018. The seasonally adjusted series fell 3.2% in March 2018, following a fall of 0.2% in February 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 0.7% in March 2018, following a fall of 0.9% in February 2018. The seasonally adjusted series fell 2.2% in March 2018, following a fall of 0.1% in February 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 1.1% in March 2018, following a fall of 1.2% in February 2018. The seasonally adjusted series fell 2.3% in March 2018, following a fall of 1.6% in February 2018. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 7.2% in March 2018, following a fall of 9.0% in February 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 March 2018, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,658b, up $7b (0.4%) from the February 2018 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $6b (0.6%) to $1,095b and investment housing loan outstandings financed by ADIs rose $0.6b (0.1%) to $563b. Bank housing loan outstandings rose $8b (0.5%) during March 2018 to reach a closing balance of $1,621b. Owner occupied housing loan outstandings of banks rose $7b (0.6%) to $1,067b and investment housing loan outstandings of banks rose $0.8b (0.1%) to $555b. 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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