Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) rose 0.4% in January 2016, following a rise of 0.6% in December 2015. Rises were recorded in commitments for the refinancing of established dwellings (up $346m, 1.7%), commitments for the purchase of new dwellings (up $37m, 1.2%) and commitments for the construction of dwellings (up $31m, 0.5%), while a fall was recorded in commitments for the purchase of established dwellings excluding refinancing (down $188m, 0.7%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 3.9% in January 2016. 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 December 2015 and January 2016, the number of owner occupied housing commitments (trend) rose in Queensland (up $146m, 1.4%), Victoria (up $128m, 0.8%), New South Wales (up $23m, 0.1%), Tasmania (up $15m, 1.7%), the Australian Capital Territory (up $13m, 1.2%) and the Northern Territory (up $4m, 1.2%), while falls were recorded in South Australia (down $6m, 0.2%) and Western Australia (down $15m, 0.2%). The seasonally adjusted estimates fell in New South Wales (down $901m, 4.9%), Queensland (down $500m, 4.5%), Victoria (down $426m, 2.6%), Western Australia (down $114m, 1.7%), South Australia (down $105m, 2.9%), Tasmania (down $32m, 3.3%) and the Australian Capital Territory (down $2m, 0.2%), while a rise was recorded in the Northern Territory (up $18m, 5.7%). 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 remain unchanged at 15.1% in January 2016 from December 2015. Between December 2015 and January 2016, the average loan size for first home buyers fell $-9,300 to $338,800. The average loan size for all owner occupied housing commitments fell $-5,400 to $372,400 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) fell 0.3% in January 2016, following a fall of 0.2% in December 2015. The seasonally adjusted series fell 3.6% in January 2016, after a rise of 1.0% in December 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 0.5% in January 2016, following a rise of 0.7% in December 2015. The seasonally adjusted series fell 2.8% in January 2016, after a rise of 1.8% in December 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 1.2% in January 2016, following a rise of 1.4% in December 2015. The seasonally adjusted series fell 3.0% in January 2016, after a rise of 11.2% in December 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 0.3% in January 2016, following a rise of 0.5% in December 2015. The seasonally adjusted series fell 4.0% in January 2016, after a rise of 2.3% in December 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 1.7% in January 2016, following a rise of 2.0% in December 2015. The seasonally adjusted series fell 4.4% in January 2016, after a rise of 5.6% in December 2015. Further detail can be found in Tables 1 and 2 on the downloads tab of this release and in the PDF. TYPE OF LENDER (OWNER OCCUPATION) Banks The number of commitments for owner occupied dwellings financed by banks (trend) rose 0.3% in January 2016, following a rise of 0.5% in December 2015. The seasonally adjusted series fell 4.5% in January 2016, after a rise of 2.6% in December 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 1.7% in January 2016, following a rise of 1.9% in December 2015. The seasonally adjusted series rose 2.8% in January 2016, following a rise of 3.2% in December 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 January 2016, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,466b, up $8b(0.5%) from the December 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $8b (0.8%) to $939b and investment housing loan outstandings financed by ADIs was flat at $528b. Bank housing loan outstandings rose $8b (0.6%) during January 2016 to reach a closing balance of $1,424b. Owner occupied housing loan outstandings of banks rose $8b (0.9%) to $906b and investment housing loan outstandings of banks rose $0.2b (0%) 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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