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This document was added or updated on 30/04/2015. SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) fell 0.1% in January 2015, after being flat in December 2014. Falls were recorded in commitments for the construction of dwellings (down 62, 1.0%), commitments for the purchase of new dwellings (down 52, 1.9%) and commitments for the purchase of established dwellings excluding refinancing (down 19, 0.1%), while a rise was recorded in commitments for the refinancing of established dwellings (up 88, 0.5%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 3.5% in January 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 December 2014 and January 2015, the number of owner occupied housing commitments (trend) fell in Western Australia (down 57, 0.7%), Queensland (down 56, 0.6%), South Australia (down 44, 1.4%), the Northern Territory (down 15, 4.2%) and the Australian Capital Territory (down 1, 0.1%), while rises were recorded in New South Wales (up 108, 0.7%), Victoria (up 15, 0.1%) and Tasmania (up 7, 0.8%). The seasonally adjusted estimates fell in Western Australia (down 665, 8.5%), South Australia (down 422, 12.3%), Victoria (down 292, 2.0%), Queensland (down 163, 1.6%), New South Wales (down 69, 0.4%), the Australian Capital Territory (down 39, 4.5%) and the Northern Territory (down 35, 10.0%), while a rise was recorded in Tasmania (up 80, 9.4%). 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 fell to 14.2% in January 2015 from 14.3% in December 2014. Between December 2014 and January 2015, the average loan size for first home buyers rose $600 to $333,500. The average loan size for all owner occupied housing commitments rose $3,700 to $346,600 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 0.4% in January 2015, following a fall of 0.5% in December 2014. The seasonally adjusted series fell 4.4% in January 2015, after a rise of 2.7% in December 2014. 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 1.0% in January 2015, following a fall of 1.0% in December 2014. The seasonally adjusted series fell 4.7% in January 2015, after a rise of 0.5% in December 2014. 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 1.9% in January 2015, following a fall of 2.0% in December 2014. The seasonally adjusted series fell 6.5% in January 2015, following a fall of 2.2% in December 2014. 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 0.2% in January 2015, following a rise of 0.2% in December 2014. The seasonally adjusted series fell 3.1% in January 2015, after a rise of 3.4% in December 2014. 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 0.5% in January 2015, following a rise of 0.8% in December 2014. The seasonally adjusted series fell 1.8% in January 2015, after a rise of 2.8% in December 2014. 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) fell 0.1% in January 2015, after being flat in December 2014. The seasonally adjusted series fell 3.3% in January 2015, after a rise of 1.9% in December 2014. 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 0.1% in January 2015, following a fall of 0.3% in December 2014. The seasonally adjusted series fell 5.3% in January 2015, after a rise of 12.9% in December 2014. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 1.5% in January 2015, following a rise of 2.5% in December 2014. The seasonally adjusted series fell 20.7% in January 2015, after a rise of 14.1% in December 2014. 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 2015, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,368,488m, up $8,116m (0.6%) from the December 2014 closing balance. Owner occupied housing loan outstanding financed by ADIs rose $4,422m (0.5%) to $896,709m and investment housing loan outstandings financed by ADIs rose $3,694m (0.8%) to $471,779m. Bank housing loan outstandings rose $7,106m (0.5%) during January 2015 to reach a closing balance of $1,321,710m. Owner occupied housing loan outstandings of banks rose $3,601m (0.4%) to $859,439m and investment housing loan outstandings of banks rose $3,505m (0.8%) to $462,271m. 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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