TECHNICAL NOTE COMPONENTS OF NON-FIRST HOME BUYER FINANCE
COMPONENTS OF NON-FIRST HOME BUYER FINANCE
1 Data used in the article Housing Finance: First Home Buyers and Other Borrowers can be found in the Time Series Spreadsheets in Housing Finance, Australia (cat. no. 5609.0). Data on loans to non-first home buyers for the purposes of purchasing (i.e. excluding refinancing) are not available from these spreadsheets but can be calculated from other items.
2 For Australia, data on the number and total value of loans excluding refinancing can be found in Table 1. The number and average value of loans to first home buyers can be found in Table 9a. The total value of these loans can be calculated by multiplying the number of loans by the average value.
3 The number and total value of loans to non-first home buyers excluding refinancing is derived by subtracting first home buyer loans from all loans excluding refinancing. The average value can then be found by dividing the total value by the number of loans.
4 For South Australia, data on all loans excluding refinancing can be obtained by subtracting loans for refinancing of established dwellings from total loans. These data items are found in Table 10a, 10b and 10c. Data on loans to first home buyers are found in Table 9b. The method to calculate total value, number and average value of loans to non-first home buyers excluding refinancing is the same as that detailed above.