Economic briefing note on housing finance in August 2016
Release date: 11 October 2016
Next release: 10 November 2016
Victorian monthly loan approvals to owner-occupiers decreased by 6.7 per cent to 13,993 in August 2016. Nationally, loan approvals to owner-occupiers decreased by 3.0 per cent to 53,109.
In the month to August 2016, the number of loans to owner-occupiers for new dwellings increased in Queensland (up 20.1 per cent), South Australia (up 18.8 per cent), Western Australia (up 11.7 per cent), Victoria (up 9.7 per cent) and New South Wales (up 2.4 per cent) but decreased in Tasmania (down 1.5 per cent).
In August 2016, Victoria's loans to owner-occupiers for new dwellings contributed 29.2 per cent (2574) to the national total (8807). For the same period, Victoria contributed 26.4 per cent (12,247) of loan approvals for owner-occupied established dwellings to the national total (46,326).
Nationally, the value of lending for new and established housing increased by 0.2 per cent in August 2016. This reflected an increase in lending to owner-occupiers (up 0.2 per cent) and an increase in lending to investors (up 0.1 per cent).
Number of housing loans
|Number of housing loans||NSW||VIC||QLD||SA||WA||TAS||AUST|
|Number of loans to owner-occupiers (seasonally adjusted)||16,069||13,993||10,561||3845||6279||973||53,109|
|Change in the month to August 2016 (%)||-3.7||-6.7||-1.6||-3.7||0.0||-3.4||-3.0|
|Annual change to August 2016 (%)||-8.6||-5.2||2.1||3.9||-5.4||8.0||-4.2|
|Number of loans to owner-occupiers new dwellings (original)||2167||2574||1760||593||1332||131||8807|
|Change in the month to August 2016 (%)||2.4||9.7||20.1||18.8||11.7||-1.5||10.1|
|Annual change to August 2016 (%)||6.4||9.9||28.0||10.2||-8.4||4.0||9.3|
|Number of loans to owner-occupiers established dwellings (original)||14,466||12,247||9320||3379||5035||861||46,326|
|Change in the month to August 2016 (%)||1.1||-2.0||4.0||0.3||1.8||0.8||0.8|
|Annual change to August 2016 (%)||-3.2||0.7||7.0||12.4||6.0||19.4||2.2|
Proportion of value of housing loans (Australia)
|Date||Owners (%)||Investors (%)|
Value of housing loans by owners and investors (Australia)
|Date range||New dwellings ($ billion)||Established dwellings ($ billion)|
Source: Australian Bureau of Statistics (ABS), cat. no. 5609.0 – Housing finance, Australia
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Page last updated: 21 October 2016