Economic briefing note on housing finance in July 2016
Release date: 9 September 2016
Next release: 11 October 2016
Victorian monthly loan approvals to owner-occupiers decreased by 1.3 per cent to 15,348 in July 2016. Nationally loan approvals to owner-occupiers decreased by 4.2 per cent to 55,010.
In the month to July 2016, the number of loans to owner-occupiers for new dwellings increased in Tasmania (up 22.0 per cent) but decreased in South Australia (down 18.9 per cent), Victoria (down 18.2 per cent), Western Australia (down 11.9 per cent), Queensland (down 10.9 per cent) and New South Wales (down 10.9 per cent).
In July 2016, Victoria's loans to owner-occupiers for new dwellings contributed 29.3 per cent (2346) to the national total (7997). For the same period, Victoria contributed 27.2 per cent (12,500) of loan approvals for owner-occupied established dwellings to the national total (45,978).
Nationally, the value of lending for new and established housing decreased by 2.2 per cent in July 2016. This reflected a decrease in lending to owner-occupiers (down 4.5 per cent) and an increase in lending to investors (up 0.5 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)||16,828||15,348||10,776||4012||6261||1016||55,010|
|Change in the month to July 2016 (%)||-2.2||-1.3||-4.9||-0.5||1.2||1.4||-4.2|
|Annual change to July 2016 (%)||-0.1||9.6||2.1||11.0||-8.4||4.4||1.8|
|Number of loans to owner-occupiers new dwellings (original)||2116||2346||1466||499||1193||133||7997|
|Change in the month to July 2016 (%)||-10.9||-18.2||-10.9||-18.9||-11.9||22.0||-13.3|
|Annual change to July 2016 (%)||-1.4||-1.1||-10.0||-2.3||-29.0||24.3||-7.5|
|Number of loans to owner-occupiers established dwellings (original)||14,308||12,500||8958||3368||4948||854||45,978|
|Change in the month to July 2016 (%)||-7.4||-9.0||-9.4||-9.2||-5.1||-0.7||-8.2|
|Annual change to July 2016 (%)||-7.5||1.2||-4.0||2.7||-12.0||-1.5||-4.2|
Proportion of value of housing loans (Australia)
|Date||Owners (%)||Investors (%)|
Value of non-refinancing housing loans to owner-occupiers by type (Australia)
|Date||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: 23 September 2016