Economic briefing note on housing finance in September 2016
Release date: 10 November 2016
Next release: 9 December 2016
Victorian monthly loan approvals to owner-occupiers increased by 3.9 per cent to 14,744 in September 2016. Nationally, loan approvals to owner-occupiers increased by 1.6 per cent to 54,449.
In the month to September 2016, the number of loans to owner-occupiers for new dwellings increased in Queensland (up 6.5 per cent) and Tasmania (up 0.8 per cent) but decreased in Western Australia (down 13.1 per cent), South Australia (down 10.6 per cent), Victoria (down 5.5 per cent) and New South Wales (down 1.5 per cent).
In September 2016, Victoria's loans to owner-occupiers for new dwellings contributed 28.7 per cent (2433) to the national total (8467). For the same period, Victoria contributed 26.5 percent (12,575) of loan approvals for owner-occupied established dwellings to the national total (47,400).
Nationally, the value of lending for new and established housing increased by 1.8 per cent in September 2016. This reflected a decrease in lending to owner-occupiers (down 0.8 per cent) and an increase in lending to investors (up 4.6 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)||16,737||14,744||10,993||3995||6063||1017||54,449|
|Change in the month to August 2016 (%)||2.3||3.9||2.8||2.3||-3.0||3.9||1.6|
|Annual change to August 2016 (%)||-9.2||-2.1||5.5||5.4||-10.9||17.0||-3.7|
|Number of loans to owner-occupiers new dwellings (original)||2133||2433||1873||530||1157||132||8467|
|Change in the month to August 2016 (%)||-1.5||-5.5||6.5||-10.6||-13.1||0.8||-3.8|
|Annual change to August 2016 (%)||-11.2||-2.5||7.8||4.7||-17.2||26.9||-4.8|
|Number of loans to owner-occupiers established dwellings (original)||14,968||12,575||9577||3480||4824||891||47,400|
|Change in the month to August 2016 (%)||1.3||1.1||1.7||1.3||-5.2||3.2||0.8|
|Annual change to August 2016 (%)||-10.7||-2.7||5.3||4.9||-8.1||12.2||-3.9|
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: 9 December 2016