5609.0 - Housing Finance, Australia, Apr 2015 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 09/06/2015
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) rose 0.7% in April 2015, following a rise of 0.8% in March 2015. Rises were recorded in commitments for the refinancing of established dwellings (up 358, 1.9%), commitments for the purchase of new dwellings (up 30, 1.1%) and commitments for the purchase of established dwellings excluding refinancing (up 13, 0.1%), while a fall was recorded in commitments for the construction of dwellings (down 11, 0.2%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 1.0% in April 2015. 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 March 2015 and April 2015, the number of owner occupied housing commitments (trend) rose in New South Wales (up 159, 1.0%), Victoria (up 136, 0.9%), Queensland (up 44, 0.4%), South Australia (up 25, 0.8%), the Australian Capital Territory (up 6, 0.7%), Tasmania (up 4, 0.4%) and the Northern Territory (up 3, 1.1%), while Western Australia was flat. The seasonally adjusted estimates rose in Queensland (up 186, 1.9%), New South Wales (up 107, 0.7%), Victoria (up 101, 0.7%), South Australia (up 77, 2.3%), the Australian Capital Territory (up 48, 5.6%), Tasmania (up 40, 4.8%), Western Australia (up 26, 0.4%) and the Northern Territory (up 23, 6.5%). 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 15.2% in April 2015 from 15.1% in March 2015. Between March 2015 and April 2015, the average loan size for first home buyers rose $8,500 to $334,800. The average loan size for all owner occupied housing commitments rose $9,700 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) rose 0.1% in April 2015, after being flat in March 2015. The seasonally adjusted series rose 1.0% in April 2015, following a rise of 0.3% in March 2015. 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 0.2% in April 2015, following a fall of 0.5% in March 2015. The seasonally adjusted series rose 4.3% in April 2015, after a fall of 1.4% in March 2015. 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 1.1% in April 2015, following a rise of 0.7% in March 2015. The seasonally adjusted series rose 1.6% in April 2015, following a rise of 3.0% in March 2015. 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 0.8% in April 2015, following a rise of 1.0% in March 2015. The seasonally adjusted series rose 0.5% in April 2015, following a rise of 1.8% in March 2015. 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 1.9% in April 2015, following a rise of 2.3% in March 2015. The seasonally adjusted series rose 0.9% in April 2015, following a rise of 3.7% in March 2015. 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 0.7% in April 2015, following a rise of 0.8% in March 2015. The seasonally adjusted series rose 1.1% in April 2015, following a rise of 1.4% in March 2015. 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 0.9% in April 2015, following a rise of 1.0% in March 2015. The seasonally adjusted series fell 0.9% in April 2015, after a rise of 2.8% in March 2015. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 1.7% in April 2015, following a fall of 1.9% in March 2015. The seasonally adjusted series fell 0.2% in April 2015, after a rise of 11.9% in March 2015. 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 April 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,392,088m, up $8,726m (0.6%) from the March 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $4,452m (0.5%) to $908,768m and investment housing loan outstandings financed by ADIs rose $4,274m (0.9%) to $483,320m. Bank housing loan outstandings rose $9,938m (0.7%) during April 2015 to reach a closing balance of $1,346,505m. Owner occupied housing loan outstandings of banks rose $5,268m (0.6%) to $872,530m and investment housing loan outstandings of banks rose $4,670m (1.0%) to $473,975m. 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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