5609.0 - Housing Finance, Australia, June 2017 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 09/08/2017
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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 June 2017, following a fall of 0.3% in May 2017. Falls were recorded in commitments for the refinancing of established dwellings (down 218, 1.3%) and commitments for the purchase of established dwellings excluding refinancing (down 26, 0.1%), while rises were recorded in commitments for the purchase of new dwellings (up 38, 1.3%) and commitments for the construction of dwellings (up 113, 1.9%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 0.5% in June 2017. 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 May 2017 and June 2017, the number of owner occupied housing commitments (trend) fell in New South Wales (down 43, 0.3%), South Australia (down 42, 1.2%), Western Australia (down 17, 0.3%), Tasmania (down 2, 0.2%) and the Northern Territory (down 1, 0.4%), while rises were recorded in Queensland (up 8, 0.1%), Victoria (up 10, 0.1%) and the Australian Capital Territory (up 11, 1.0%). The seasonally adjusted estimates rose in the Australian Capital Territory (up 22, 2.0%), the Northern Territory (up 23, 8.1%), Victoria (up 142, 0.9%) and Queensland (up 291, 2.8%), while falls were recorded in New South Wales (down 153, 0.9%), South Australia (down 24, 0.7%) and Tasmania (down 17, 1.6%) with Western Australia being flat. 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 15.0% in June 2017 from 14.0% in May 2017. Between May 2017 and June 2017, the average loan size for first home buyers fell $600 to $317,400. The average loan size for all owner occupied housing commitments fell $3,800 to $376,200 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 0.3% in June 2017, following a rise of 0.4% in May 2017. The seasonally adjusted series rose 1.9% in June 2017, following a rise of 0.2% in May 2017. 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 1.9% in June 2017, following a rise of 1.9% in May 2017. The seasonally adjusted series rose 3.6% in June 2017, following a rise of 2.7% in May 2017. 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 June 2017, following a rise of 1.4% in May 2017. The seasonally adjusted series rose 3.5% in June 2017, following a rise of 4.4% in May 2017. 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 0.5% in June 2017, following a fall of 0.6% in May 2017. The seasonally adjusted series fell 0.1% in June 2017, after a rise of 0.7% in May 2017. 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 1.3% in June 2017, following a fall of 1.7% in May 2017. The seasonally adjusted series fell 2.4% in June 2017, after a rise of 3.1% in May 2017. 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 0.2% in June 2017, following a fall of 0.3% in May 2017. The seasonally adjusted series rose 0.4% in June 2017, following a rise of 1.1% in May 2017. 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) was flat in June 2017, after a rise of 0.2% in May 2017. The seasonally adjusted series rose 2.4% in June 2017, following a rise of 0.8% in May 2017. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 3.1% in June 2017, following a rise of 3.8% in May 2017. 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 June 2017, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,607b, up $9b (0.6%) from the May 2017 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $7b (0.7%) to $1,047b and investment housing loan outstandings financed by ADIs rose $2.3b (0.4%) to $560b. Bank housing loan outstandings rose $10b (0.6%) during June 2017 to reach a closing balance of $1,570b. Owner occupied housing loan outstandings of banks rose $7b (0.7%) to $1,017b and investment housing loan outstandings of banks rose $2.4b (0.4%) to $552b. 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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