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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 October 2015, following a rise of 0.8% in September 2015. Rises were recorded in commitments for the purchase of established dwellings excluding refinancing (264, 0.9%), commitments for the refinancing of established dwellings (125, 0.7%) and commitments for the purchase of new dwellings (43, 1.5%), while a fall was recorded in commitments for the construction of dwellings (2, 0%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 0.5% in October 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 September 2015 and October 2015, the number of owner occupied housing commitments (trend) rose in New South Wales (316, 1.8%), Victoria (222, 1.5%), South Australia (28, 0.8%) and the Australian Capital Territory (1, 0.1%), while falls were recorded in the Northern Territory (4, 1.3%), Tasmania (9, 1.0%), Western Australia (48, 0.7%) and Queensland (61, 0.6%). The seasonally adjusted estimates fell in Queensland (169, 1.7%), Western Australia (160, 2.4%), New South Wales (134, 0.7%), South Australia (58, 1.6%), the Australian Capital Territory (53, 5.5%) and the Northern Territory (27, 8.1%), while rises were recorded in Victoria (227, 1.5%) and Tasmania (16, 1.9%). 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 15.1% in October 2015 from 15.4% in September 2015. Between September 2015 and October 2015, the average loan size for first home buyers rose $3,900 to $355,700. The average loan size for all owner occupied housing commitments rose $3,000 to $382,400 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) rose 0.8% in October 2015, following a rise of 1.1% in September 2015. The seasonally adjusted series fell 1.2% in October 2015, after a rise of 0.3% in September 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) fell (2, 0.0%) in October 2015, following a rise of (2, 0.0%) in September 2015. The seasonally adjusted series fell 0.4% in October 2015, after a rise of 2.0% in September 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 1.5% in October 2015, following a rise of 1.5% in September 2015. The seasonally adjusted series fell 1.6% in October 2015, after a rise of 5.5% in September 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 October 2015, following a rise of 0.9% in September 2015. The seasonally adjusted series fell 0.5% in October 2015, after a rise of 1.8% in September 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 0.7% in October 2015, following a rise of 0.4% in September 2015. The seasonally adjusted series rose 0.8% in October 2015, following a rise of 5.5% in September 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 October 2015, following a rise of 1.0% in September 2015. The seasonally adjusted series fell 0.2% in October 2015, after a rise of 1.9% in September 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 0.1% in October 2015, after a fall of 0.4% in September 2015. The seasonally adjusted series fell 4.4% in October 2015, after a rise of 3.7% in September 2015. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 9.8% in October 2015, following a fall of 10.3% in September 2015. The seasonally adjusted series rose 1.2% in October 2015, after a fall of 12.6% in September 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 October 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,438b, up $8b (0.5%) from the September 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $23b (2.6%) to $912b and investment housing loan outstandings financed by ADIs fell $16b (2.9%)to $526b. Bank housing loan outstandings rose $8b (0.5%) during October 2015 to reach a closing balance of $1,395b. Owner occupied housing loan outstandings of banks rose $23b (2.7%) to $879b and investment housing loan outstandings of banks fell $16b (3%) 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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