Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) rose 0.8% in November 2015, following a rise of 0.8% in October 2015. Rises were recorded in commitments for the refinancing of established dwellings (up 284, 1.5%), commitments for the purchase of established dwellings excluding refinancing (up 94, 0.3%) and commitments for the construction of dwellings (up 65, 1.1%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 1.8% in November 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 October 2015 and November 2015, the number of owner occupied housing commitments (trend) rose in Victoria (up 372, 2.4%), New South Wales (up 220, 1.2%), South Australia (up 37, 1.0%), the Australian Capital Territory (up 23, 2.4%), the Northern Territory (up 9, 2.9%) and Tasmania (up 4, 0.5%), while falls were recorded in Western Australia (down 24, 0.4%) and Queensland (down 26, 0.3%) . The seasonally adjusted estimates rose in Victoria (up 592, 3.8%), the Australian Capital Territory (up 93, 9.9%), South Australia (up 72, 2.0%), the Northern Territory (up 64, 21.3%), Tasmania (up 59, 6.7%), Western Australia (up 50, 0.8%), New South Wales (up 42, 0.2%) and Queensland (up 15, 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 14.9% in November 2015 from 15.0% in October 2015. Between October 2015 and November 2015, the average loan size for first home buyers fell $1,000 to $354,500. The average loan size for all owner occupied housing commitments rose $3,700 to $386,100 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) rose 0.5% in November 2015, following a rise of 0.5% in October 2015. The seasonally adjusted series rose 0.9% in November 2015, after a fall of 0.9% in October 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 1.1% in November 2015, following a rise of 0.7% in October 2015. The seasonally adjusted series rose 2.7% in November 2015, after a fall of 0.7% in October 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 0.4% in November 2015, following a rise of 0.7% in October 2015. The seasonally adjusted series fell 3.5% in November 2015, following a fall of 1.6% in October 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 November 2015, following a rise of 0.8% in October 2015. The seasonally adjusted series rose 2.0% in November 2015, after a fall of 0.2% in October 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 1.5% in November 2015, following a rise of 1.4% in October 2015. The seasonally adjusted series rose 3.5% in November 2015, following a rise of 1.0% in October 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 0.8% in November 2015, following a rise of 0.8% in October 2015. The seasonally adjusted series rose 1.5% in November 2015, following a rise of 0.1% in October 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 1.0% in November 2015, following a rise of 0.7% in October 2015. The seasonally adjusted series rose 4.8% in November 2015, after a fall of 4.2% in October 2015. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 4.8% in November 2015, following a fall of 6.7% in October 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 November 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,449b, up $11b (0.8%) from the October 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $10b (1.2%) to $922b and investment housing loan outstandings financed by ADIs rose $0.8b (0.2%) to $527b. Bank housing loan outstandings rose $11b (0.8%) during November 2015 to reach a closing balance of $1,406b. Owner occupied housing loan outstandings of banks rose $10b (1.2%) to $889b and investment housing loan outstandings of banks rose $0.7b (0.1%) to $517b. 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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