5609.0 - Housing Finance, Australia, May 2017 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/07/2017
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.4% in May 2017, following a fall of 0.4% in April 2017. Falls were recorded in commitments for the purchase of established dwellings excluding refinancing (down 37, 0.1%) and commitments for the refinancing of established dwellings (down 258, 1.5%), while rises were recorded in commitments for the purchase of new dwellings (up 12, 0.4%) and commitments for the construction of dwellings (up 60, 1.0%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 1.0% in May 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 April 2017 and May 2017, the number of owner occupied housing commitments (trend) fell in Queensland (down 97, 0.9%), Western Australia (down 36, 0.7%), Victoria (down 34, 0.2%), South Australia (down 31, 0.8%), New South Wales (down 12, 0.1%) and the Northern Territory (down 1, 0.4%), while rises were recorded in the Australian Capital Territory (up 5, 0.5%) with Tasmania being flat. The seasonally adjusted estimates rose in Victoria (up 249, 1.7%), New South Wales (up 212, 1.3%), the Australian Capital Territory (up 62, 6.0%) and Tasmania (up 42, 4.3%), while falls were recorded in Queensland (down 17, 0.2%), the Northern Territory (down 21, 7.0%) and South Australia (down 97, 2.6%) 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 14.0% in May 2017 from 13.8% in April 2017. Between April 2017 and May 2017, the average loan size for first home buyers rose $900 to $318,000. The average loan size for all owner occupied housing commitments rose $8,100 to $380,000 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 May 2017, following a rise of 0.3% in April 2017. The seasonally adjusted series fell 0.1% in May 2017, following a fall of 0.3% in April 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 1.0% in May 2017, following a rise of 1.2% in April 2017. The seasonally adjusted series rose 2.4% in May 2017, following a rise of 2.2% in April 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 0.4% in May 2017, following a rise of 0.5% in April 2017. The seasonally adjusted series rose 3.7% in May 2017, after a fall of 2.2% in April 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 0.6% in May 2017, following a fall of 0.6% in April 2017. The seasonally adjusted series rose 0.7% in May 2017, after a fall of 2.3% in April 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 1.5% in May 2017, following a fall of 1.7% in April 2017. The seasonally adjusted series rose 3.6% in May 2017, after a fall of 5.2% in April 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 0.4% in May 2017, following a fall of 0.4% in April 2017. The seasonally adjusted series rose 1.1% in May 2017, after a fall of 2.3% in April 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) fell 0.5% in May 2017, following a fall of 0.3% in April 2017. The seasonally adjusted series rose 0.3% in May 2017, following a rise of 3.6% in April 2017. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 2.2% in May 2017, following a rise of 2.5% in April 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 May 2017, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,598b, up $10b (0.6%) from the April 2017 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $7b (0.7%) to $1,040b and investment housing loan outstandings financed by ADIs rose $2.3b (0.4%) to $558b. Bank housing loan outstandings rose $9b (0.6%) during May 2017 to reach a closing balance of $1,560b. Owner occupied housing loan outstandings of banks rose $7b (0.7%) to $1,010b and investment housing loan outstandings of banks rose $2.3b (0.4%) to $550b. 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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