Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.2% in July 2018, following a fall of 0.3% in June 2018. Falls were recorded in commitments for the purchase of established dwellings (down 69, 0.2%) and commitments for the purchase of new dwellings (down 49, 1.8%), while a rise was recorded in commitments for the construction of dwellings (up 15, 0.2%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 0.4% in July 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 June 2018 and July 2018, the number of owner occupied housing commitments (trend) fell in New South Wales (down 87, 0.5%), Western Australia (down 50, 1.1%), the Australian Capital Territory (down 9, 0.9%) and the Northern Territory (down 2, 0.5%), while rises were recorded in Queensland (up 54, 0.5%), Tasmania (up 7, 0.7%) and South Australia (up 3, 0.1%), while Victoria was flat. The seasonally adjusted estimates fell in New South Wales (down 117, 0.7%), South Australia (down 17, 0.5%) and the Northern Territory (down 2, 0.4%), while rises were recorded in Victoria (up 237, 1.5%), Western Australia (up 104, 2.2%), Tasmania (up 54, 5.2%), the Australian Capital Territory (up 25, 2.3%) and Queensland (up 7, 0.1%). 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 18.0% in July 2018 from 18.1% in June 2018. Between June 2018 and July 2018, the average loan size for first home buyers fell $4,000 to $345,800. The average loan size for all owner occupied housing commitments rose $900 to $397,300 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 0.2% in July 2018, following a fall of 0.3% in June 2018. The seasonally adjusted series fell 0.8% in July 2018, following a fall of 0.6% in June 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) rose 0.2% in July 2018, following a rise of 0.1% in June 2018. The seasonally adjusted series rose 0.6% in July 2018, following a rise of 2.7% in June 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 1.8% in July 2018, following a fall of 2.0% in June 2018. The seasonally adjusted series fell 2.2% in July 2018, following a fall of 4.7% in June 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 0.2% in July 2018, following a fall of 0.3% in June 2018. The seasonally adjusted series rose 0.6% in July 2018, after a fall of 1.0% in June 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 0.1% in July 2018, following a fall of 0.3% in June 2018. The seasonally adjusted series rose 3.0% in July 2018, after a fall of 1.2% in June 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 0.3% in July 2018, following a fall of 0.5% in June 2018. The seasonally adjusted series rose 0.3% in July 2018, after a fall of 0.8% in June 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) rose 1.0% in July 2018, following a rise of 1.3% in June 2018. The seasonally adjusted series rose 2.0% in July 2018, after a fall of 0.6% in June 2018. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 0.9% in July 2018, following a rise of 2.5% in June 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 July 2018, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,681b, up $4b (0.3%) from the June 2018 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $4b (0.4%) to $1,115b while investment housing loan outstandings financed by ADIs was flat. Bank housing loan outstandings rose $4b (0.2%) during July 2018 to reach a closing balance of $1,644b. Owner occupied housing loan outstandings of banks rose $4b (0.4%) to $1,086b, while investment housing loan outstandings of banks was flat. 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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