5609.0 - Housing Finance, Australia, Aug 2014 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/10/2014
Page tools:
 Print Page
 Print All
| ||
|
SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.2% in August 2014, following a fall of 0.1% in July 2014. Falls were recorded in commitments for the purchase of established dwellings excluding refinancing (down 246, 1.0%) and commitments for the construction of dwellings (down 13, 0.2%), while rises were recorded in commitments for the refinancing of established dwellings (up 114, 0.6%) and commitments for the purchase of new dwellings (up 49, 1.7%). The seasonally adjusted estimate for the total number of owner occupied housing commitments fell 0.9% in August 2014. Further detail can be found in Tables 1 and 2 on the downloads tab and in the .pdf. Number of Owner Occupied Dwellings Financed - State Between July 2014 and August 2014, the number of owner occupied housing commitments (trend) fell in New South Wales (down 25, 0.2%), Western Australia (down 23, 0.3%), the Australian Capital Territory (down 2, 0.2%), and Tasmania (down 1, 0.1%), while rises were recorded in Victoria (up 35, 0.3%), Queensland (up 26, 0.3%), the Northern Territory (up 4, 1.1%) and South Australia (up 3, 0.1%). The seasonally adjusted estimates fell in Western Australia (down 198, 2.5%) and New South Wales (down 192, 1.3%), whiles rises were recorded in Queensland (up 230, 2.3%), Victoria (up 63, 0.5%), South Australia (up 26, 0.8%), the Australian Capital Territory (up 5, 0.6%), the Northern Territory (up 3, 0.8%) and Tasmania (up 3, 0.3%), Further detail can be found in Tables 5 and 6 on the downloads tab 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 11.8% in August 2014 from 12.2% in July 2014. Between July 2014 and August 2014, the average loan size for first home buyers fell $7,000 to $300,400. The average loan size for all owner occupied housing commitments fell $9,100 to $318,400 for the same period. Further detail can be found in Table 9a on the downloads tab 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 0.6% in August 2014, following a fall of 0.6% in July 2014. The seasonally adjusted series fell 1.9% in August 2014, following a fall of 0.7% in July 2014. Further detail can be found in Tables 1 and 2 on the downloads tab 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 0.2% in August 2014, following a fall of 0.2% in July 2014. The seasonally adjusted series fell 0.8% in August 2014, following a fall of 1.4% in July 2014. Further detail can be found in Tables 1 and 2 on the downloads tab and in the .pdf. Purchase of new dwellings The number of finance commitments for the purchase of new dwellings for owner occupation (trend) rose 1.7% in August 2014, following a rise of 1.7% in July 2014. The seasonally adjusted series rose 2.5% in August 2014, following a rise of 0.5% in July 2014. Further detail can be found in Tables 1 and 2 on the downloads tab 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 0.3% in August 2014, following a fall of 0.2% in July 2014. The seasonally adjusted series fell 1.1% in August 2014, after a rise of 0.6% in July 2014. Further detail can be found in Tables 1 and 2 on the downloads tab and in the .pdf. Refinancing The number of refinancing commitments for owner occupied housing (trend) rose 0.6% in August 2014, following a rise of 1.0% in July 2014. The seasonally adjusted series rose 1.1% in August 2014, following a rise of 2.4% in July 2014. Further detail can be found in Tables 1 and 2 on the downloads tab and in the .pdf. TYPE OF LENDER (OWNER OCCUPATION) Banks The number of commitments for owner occupied dwellings financed by banks (trend) fell 0.2% in August 2014, following a fall of 0.2% in July 2014. The seasonally adjusted series fell 0.9% in August 2014, after a rise of 0.6% in July 2014. Further detail can be found in Tables 3 and 4 on the downloads tab and in the .pdf. Non-banks The number of commitments for owner occupied dwellings financed by non-banks (trend) rose 0.5% in August 2014, following a rise of 0.8% in July 2014. The seasonally adjusted series fell 0.2% in August 2014, following a fall of 2.7% in July 2014. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 0.5% in August 2014, following a fall of 0.6% in July 2014. The seasonally adjusted series fell 5.7% in August 2014, after a rise of 1.0% in July 2014. Further detail can be found in Tables 3 and 4 on the downloads tab and in the .pdf. HOUSING LOAN OUTSTANDINGS At the end of August 2014, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,326,785m, up $7,740m (0.6%) from the July 2014 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $4,237m (0.5%) to $875,116m and investment housing loan outstandings financed by ADIs rose $3,503m (0.8%) to $451,669m. Bank housing loan outstandings rose $7,434m (0.6%) during August 2014 to reach a closing balance of $1,279,829m. Owner occupied housing loan outstandings of banks rose $4,012m (0.5%) to $837,263m and investment housing loan outstandings of banks rose $3,422m (0.8%) to $442,566m. Further detail can be found in Table 12 on the downloads tab and in the .pdf. Document Selection These documents will be presented in a new window.
|
|