5609.0 - Housing Finance, Australia, Oct 2018 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/12/2018
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.1% in October 2018, following a fall of 0.1% in September 2018. Falls were recorded in commitments for the purchase of new dwellings (down 38, 1.5%) and commitments for the construction of dwellings (down 28, 0.5%), while commitments for the purchase of established dwellings was flat. The seasonally adjusted series for the total number of owner occupied housing commitments rose 2.2% in October 2018. 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 2018 and October 2018, the number of owner occupied housing commitments (trend) fell in New South Wales (down 98, 0.6%), Victoria (down 89, 0.6%), Queensland (down 37, 0.4%) and the Northern Territory (down 7, 2.6%), while rises were recorded in Western Australia (up 47, 1.0%), the Australian Capital Territory (up 26, 2.3%), Tasmania (up 20, 1.8%) and South Australia (up 18, 0.5%). The seasonally adjusted estimates rose in Victoria (up 746, 5.1%), South Australia (up 246, 7.1%), the Australian Capital Territory (up 114, 10.1%), Tasmania (up 95, 8.7%), Queensland (up 75, 0.8%) and New South Wales (up 45, 0.3%), while falls were recorded in the Northern Territory (down 25, 10.3%) and Western Australia (down 19, 0.4%). 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 18.1% in October 2018 from 18.0% in September 2018. Between September 2018 and October 2018, the average loan size for first home buyers rose $600 to $338,900. The average loan size for all owner occupied housing commitments rose $2,400 to $386,300 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 October 2018, following a fall of 0.4% in September 2018. The seasonally adjusted series rose 2.3% in October 2018, after a fall of 0.2% in September 2018. 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 0.5% in October 2018, following a fall of 0.3% in September 2018. The seasonally adjusted series rose 3.2% in October 2018, after a fall of 2.9% in September 2018. 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) fell 1.5% in October 2018, following a fall of 1.9% in September 2018. The seasonally adjusted series fell 0.5% in October 2018, following a fall of 4.2% in September 2018. 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) was flat for both September 2018 and October 2018. The seasonally adjusted series rose 2.2% in October 2018, after a fall of 0.6% in September 2018. 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 0.3% in October 2018, following a rise of 0.4% in September 2018. The seasonally adjusted series rose 1.9% in October 2018, after a fall of 2.5% in September 2018. 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) was flat in October 2018, after a fall of 0.1% in September 2018. The seasonally adjusted series rose 2.3% in October 2018, after a fall of 0.5% in September 2018. 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 1.1% in October 2018, following a fall of 0.9% in September 2018. The seasonally adjusted series rose 1.7% in October 2018, after a fall of 5.5% in September 2018. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 0.8% in October 2018, following a rise of 1.4% in September 2018. 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 2018, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,695b, up $5b (0.3%) from the September 2018 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $5b (0.4%) to $1,130b, while investment housing loan outstandings financed by ADIs was flat at $566b. Bank housing loan outstandings rose $5b (0.3%) during October 2018 to reach a closing balance of $1,658b. Owner occupied housing loan outstandings of banks rose $5b (0.5%) to $1,100b, while investment housing loan outstandings of banks was flat at $557b. 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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