Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5609.0 - Housing Finance, Australia, Feb 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/04/2011   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

SUMMARY OF FINDINGS


DWELLINGS FINANCED

Value of Dwellings Financed (Tables 11, 1 & 2)

The total value of dwelling commitments excluding alterations and additions (trend) fell 1.0% in February 2011 compared with January 2011 and the seasonally adjusted series fell 4.0% in February 2011.

The total value of owner occupied housing commitments (trend) fell 1.0% (down $138m) in February 2011, following a fall of 0.7% in January 2011. Falls were recorded in commitments for the purchase of established dwellings (down $100m, 0.8%), the purchase of new dwellings (down $26m, 3.5%) and the construction of dwellings (down $13m, 1.0%). The seasonally adjusted series for the value of owner occupied commitments fell 4.8% in February 2011.

The total value of investment housing commitments (trend) fell 1.0% (down $66m) in February 2011 compared with January 2011, following a fall of 1.1% in January 2011. Falls were recorded in commitments for the purchase of dwellings by individuals for rent or resale (down $42m, 0.8%) and the construction of dwellings for rent or resale (down $25m, 6.4%), while commitments for the purchase of dwellings by others for rent or resale rose (up $1m, 0.2%). The value of investment housing commitments seasonally adjusted fell 2.3% in February 2011.

INVESTMENT HOUSING - TOTAL
Graph: INVESTMENT HOUSING - TOTAL



Number of Owner Occupied Dwellings Financed (Tables 1 & 2)

The number of owner occupied housing commitments (trend) fell (down 634, 1.3%) in February 2011 compared with January 2011. Falls were recorded in commitments for the purchase of established dwellings excluding refinancing (down 451, 1.7%), the purchase of new dwellings (down 103, 4.9%), the construction of dwellings (down 66, 1.4%) and the refinancing of established dwellings (down 14, 0.1%). The seasonally adjusted estimate for the total number of owner occupied housing commitments fell 5.6% in February 2011.

Graph: Number of Owner Occupied Dwellings Financed


Number of Owner Occupied Dwellings Financed - State (Tables 5 & 6)

Between January 2011 and February 2011, the number of owner occupied housing commitments (trend) fell in Queensland (down 205, 2.3%), New South Wales (down 112, 0.7%), Victoria (down 91, 0.7%), Western Australia (down 25, 0.5%), South Australia (down 21, 0.6%), the Northern Territory (down 4, 1.3%) and the Australian Capital Territory (down 3, 0.3%), while Tasmania was flat (0.0%). The seasonally adjusted estimates fell in all states. NSW had the largest fall, down 1,544 (10.1%). This is the largest fall in percentage terms since February 1997.


First Home Buyer Commitments (Table 9)

In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell from 15.2% in January 2011 to 14.9% in February 2011, the lowest level since June 2004. Between January 2011 and February 2011, the average loan size for first home buyers rose $2,700 to $277,000. The average loan size for all owner occupied housing commitments fell $2,200 to $281,500 for the same period.


Number of Owner Occupied Dwellings Financed Excluding Refinancing (Tables 1 & 2)

The number of owner occupied housing commitments excluding refinancing (trend) fell 1.9% in February 2011 compared with January 2011, following a fall of 1.6% in January 2011. The seasonally adjusted series fell 3.8% in February 2011.

Graph: Number of owner occupied dwellings financed excluding refinancing


PURPOSE OF FINANCE (OWNER OCCUPATION)

Construction of dwellings (Tables 1 & 2)

The number of finance commitments for the construction of dwellings for owner occupation (trend) fell 1.4% in February 2011 compared with January 2011, following a fall of 1.2% in January 2011. The seasonally adjusted series rose 1.0% in February 2011.

Graph: Construction of dwellings


Purchase of new dwellings (Tables 1 & 2)

The number of finance commitments for the purchase of new dwellings for owner occupation (trend) fell 4.9% in February 2011 compared with January 2011, following a fall of 4.4% in January 2011. The seasonally adjusted series fell 12.0% in February 2011, following falls of more than 10% in each of the two previous months.

Graph: Purchase of new dwellings


Purchase of established dwellings (including refinancing across lending institutions) (Tables 1 & 2)

The number of finance commitments for the purchase of established dwellings for owner occupation (trend) fell 1.1% in February 2011 compared with January 2011, following a fall of 0.8% in January 2011. The seasonally adjusted series fell 6.0% in February 2011.

Graph: Purchase of established dwellings including refinancing


Refinancing (Tables 1 & 2)

The number of refinancing commitments for owner occupied housing (trend) fell 0.1% in February 2011 compared with January 2011, after a rise of 0.4% in January 2011. The seasonally adjusted series fell 9.3% in February 2011.

Graph: Refinancing


TYPE OF LENDER (OWNER OCCUPATION)

Banks (Tables 3 & 4)

The number of commitments for owner occupied dwellings financed by banks (trend) fell 1.2% in February 2011 compared with January 2011, following a fall of 1.0% in January 2011. The seasonally adjusted series fell 4.7% in February 2011.

Graph: Banks


Non-banks (Tables 3 & 4)

The number of commitments for owner occupied dwellings financed by non-banks (trend) fell 1.6% in February 2011, following a fall of 0.7% in January 2011. The seasonally adjusted series fell 11.1% in February 2011. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 0.6%. The seasonally adjusted series fell 21.5% in February 2011, the largest fall since November 1996.

Graph: Non-banks


HOUSING LOAN OUTSTANDINGS

(Table 12)

At the end of February 2011, the value of outstanding housing loans financed by authorised deposit-taking institutions (ADIs) was $1,062,822m, up $5,513m (0.5%) from the January 2011 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $4,306m (0.6%) to $742,346m and investment housing loans financed by ADIs rose $1,207m (0.4%) to $320,476m.

Bank housing loan outstandings rose $5,076m (0.5%) during February 2011 to reach a closing balance of $1,009,973m. Owner occupied housing loan outstandings of banks rose $3,946m (0.6%) to $699,859m and investment housing loan outstandings of banks rose $1,130m (0.4%) to $310,114m.


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.