Quality Declaration
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SUMMARY OF FINDINGS Number of Owner Occupied Dwellings Financed The number of owner occupied housing commitments (trend) rose 0.2% in June 2016, following a rise of 0.2% in May 2016. Rises were recorded in commitments for the purchase of established dwellings excluding refinancing (up 82, 0.3%), commitments for the refinancing of established dwellings (up 17, 0.1%), and commitments for the purchase of new dwellings (up 9, 0.3%), while a fall was recorded in commitments for the construction of dwellings (down 7, 0.1%). The seasonally adjusted series for the total number of owner occupied housing commitments rose 1.2% in June 2016. 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 May 2016 and June 2016, the number of owner occupied housing commitments (trend) rose in Victoria (up 71, 0.5%), Queensland (up 39, 0.4%), South Australia (up 31, 0.8%), the Australian Capital Territory (up 18, 1.5%), Tasmania (up 12, 1.2%) and the Northern Territory (up 5, 1.5%), while falls were recorded in Western Australia (down 65, 1.0%) and New South Wales (down 69, 0.4%). The seasonally adjusted estimates rose in Queensland (up 265, 2.4%), Victoria (up 79, 0.5%), the Northern Territory (up 13, 3.8%) and Tasmania (up 12, 1.2%), while falls were recorded in the Australian Capital Territory (down 10, 0.8%), South Australia (down 15, 0.4%), Western Australia (down 193, 3.0%) and New South Wales (down 236, 1.4%). 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 14.3% in June 2016 from 14.2% in May 2016. 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 0.3% in June 2016, following a rise of 0.2% in May 2016. The seasonally adjusted series rose 2.0% in June 2016, after a fall of 0.2% in May 2016. 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 0.1% in June 2016, following a fall of 0.3% in May 2016. The seasonally adjusted series rose 2.1% in June 2016, after a fall of 2.0% in May 2016. 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 0.6% in June 2016, following a rise of 0.8% in May 2016. The seasonally adjusted series rose 2.7% in June 2016, after a rise of 1.3% in May 2016. 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 June 2016, following a rise of 0.2% in May 2016. The seasonally adjusted series rose 1.0% in June 2016, after a fall of 0.8% in May 2016. 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 0.1% in June 2016, following a rise of 0.3% in May 2016. The seasonally adjusted series fell 0.4% in June 2016, following a fall of 1.9% in May 2016. 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 0.5% in June 2016, following a rise of 0.5% in May 2016. The seasonally adjusted series rose 1.3% in June 2016, after a fall of 0.4% in May 2016. 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 3.2% in June 2016, following a fall of 3.3% in May 2016. The seasonally adjusted series fell 0.1% in June 2016, following a fall of 5.9% in May 2016. 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 June 2016, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,510b, up $11b (0.7%) from the May 2016 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $9b (0.9%) to $976b, and investment housing loan outstandings financed by ADIs rose $2.1b (0.4%) to $534b. Bank housing loan outstandings rose $11b (0.8%) during June 2016 to reach a closing balance of $1,471b. Owner occupied housing loan outstandings of banks rose $9b (0.9%) to $946b, and investment housing loan outstandings of banks rose $2.1b (0.4%) to $525b. 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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