5609.0 - Housing Finance, Australia, Jul 2015 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 09/09/2015
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.2% in July 2015, following a fall of 0.3% in June 2015. Falls were recorded in commitments for the construction of dwellings (down 51, 0.9%) and purchase of established dwellings excluding refinancing (down 39, 0.1%), while rises were recorded in commitments for the purchase of new dwellings (up 15, 0.5%) and commitments for the refinancing of established dwellings (down 5, 0.0%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 0.3% in July 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 June 2015 and July 2015, the number of owner occupied housing commitments (trend) fell in Victoria (down 80, 0.6%), Western Australia (down 32, 0.5%), the Northern Territory (down 12, 3.7%), the Australian Capital Territory (down 11, 1.2%) and Tasmania (down 10, 1.1%), while rises were recorded in New South Wales (up 72, 0.4%), Queensland (up 12, 0.1%) and South Australia (up 2, 0.1%). The seasonally adjusted estimates rose in New South Wales (up 216, 1.3%), Queensland (up 53, 0.5%), South Australia (up 38,1.2%), Tasmania (up 20, 2.3%) and Western Australia (up 2, 0.0%), while falls were recorded in Victoria (down 139, 1.0%), the Australian Capital Territory (down 89, 9.9%) and the Northern Territory (down 52, 15.9%). 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 15.4% in July 2015 from 15.8% in June 2015. Between June 2015 and July 2015, the average loan size for first home buyers rose $900 to $341,200. The average loan size for all owner occupied housing commitments rose $9,500 to $364,400 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 0.2% in July 2015, following a fall of 0.5% in June 2015. The seasonally adjusted series rose 0.2% in July 2015, following a rise of 7.0% in June 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 0.9% in July 2015, following a fall of 1.2% in June 2015. The seasonally adjusted series fell 0.9% in July 2015, following a fall of 0.4% in June 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 0.5% in July 2015, following a rise of 0.7% in June 2015. The seasonally adjusted series rose 2.0% in July 2015, after a fall of 0.4% in June 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) fell 0.1% in July 2015, following a fall of 0.2% in June 2015. The seasonally adjusted series rose 0.4% in July 2015, following a rise of 5.9% in June 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) was flat in July 2015, after a rise of 0.1% in June 2015. The seasonally adjusted series rose 0.6% in July 2015, following a rise of 0.9% in June 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) was flat in July 2015, after a fall of 0.1% in June 2015. The seasonally adjusted series rose 0.4% in July 2015, following a rise of 5.5% in June 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) fell 2.3% in July 2015, following a fall of 2.6% in June 2015. The seasonally adjusted series fell 0.9% in July 2015, following a fall of 1.4% in June 2015. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 0.3% in July 2015, after a fall of 1.0% in June 2015. The seasonally adjusted series fell 7.7% in July 2015, after a rise of 9.5% in June 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 July 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,413,214m, up $6,648m (0.5%) from the June 2015 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $3,731m (0.4%) to $863,850m and investment housing loan outstandings financed by ADIs rose $2,917m (0.5%) to $549,364m. Bank housing loan outstandings rose $6,386m (0.5%) during July 2015 to reach a closing balance of $1,366,913m. Owner occupied housing loan outstandings of banks rose $3,563m (0.4%)to $827,489m and investment housing loan outstandings of banks rose $2,823m (0.5%) to $539,424m. 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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