5609.0 - Housing Finance, Australia, Dec 2015 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/02/2016
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) rose 1.1% in December 2015, following a rise of 1.2% in November 2015. Rises were recorded in commitments for the refinancing of established dwellings (up 416, 2.1%), commitments for the purchase of established dwellings excluding refinancing (up 86, 0.3%) and commitments for the construction of dwellings (up 61, 1.0%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 2.6% in December 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 November 2015 and December 2015, the number of owner occupied housing commitments (trend) rose in Victoria (up 247, 1.5%), New South Wales (up 126, 0.7%), Queensland (up 104, 1.0%), South Australia (up 20, 0.6%), Tasmania (up 17, 1.8%), the Australian Capital Territory (up 15, 1.6%) and the Northern Territory (up 5, 1.4%), while a fall was recorded in Western Australia (down 17, 0.3%). The seasonally adjusted estimates rose in Queensland (up 976, 9.6%), New South Wales (up 625, 3.5%), Western Australia (up 47, 0.7%), Tasmania (up 42, 4.4%), South Australia (up 39, 1.0%) and Victoria (up 9, 0.1%), while falls were recorded in the Northern Territory (down 60, 16%) and the Australian Capital Territory (down 37, 3.6%). 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 15.1% in December 2015 from 14.9% in November 2015. Between November 2015 and December 2015, the average loan size for first home buyers fell $6,400 to $348,100. The average loan size for all owner occupied housing commitments fell $8,500 to $377,600 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 0.5% in December 2015, following a rise of 0.6% in November 2015. The seasonally adjusted series rose 1.6% in December 2015, following a rise of 0.9% in November 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) rose 1.0% in December 2015, following a rise of 1.3% in November 2015. The seasonally adjusted series rose 1.8% in December 2015, following a rise of 3.0% in November 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 1.3% in December 2015, following a rise of 1.6% in November 2015. The seasonally adjusted series rose 12.4% in December 2015, after a fall of 4.3% in November 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 1.0% in December 2015, following a rise of 1.2% in November 2015. The seasonally adjusted series rose 2.1% in December 2015, following a rise of 2.2% in November 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 2.1% in December 2015, following a rise of 2.4% in November 2015. The seasonally adjusted series rose 4.4% in December 2015, following a rise of 4.0% in November 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 1.0% in December 2015, following a rise of 1.2% in November 2015. The seasonally adjusted series rose 2.5% in December 2015, following a rise of 1.7% in November 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 1.2% in December 2015, following a rise of 1.4% in November 2015. The seasonally adjusted series rose 2.9% in December 2015, following a rise of 5.2% in November 2015. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 1.7% in December 2015, following a rise of 0.3% in November 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 December 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,459b, up $10b (0.7%) from the November 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $9b (1.0%)to $931b and investment housing loan outstandings financed by ADIs rose $.3b (0.1%)to $528b. Bank housing loan outstandings rose $10b (0.7%) during December 2015 to reach a closing balance of $1,416b. Owner occupied housing loan outstandings of banks rose $10b (1.1%) to $898b and investment housing loan outstandings of banks rose $.3b (0.1%) to $518b. 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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