Economic briefing note on housing finance in June 2016
Release date: 10 August 2016
Next release: 9 September 2016
Victorian monthly loan approvals to owner-occupiers increased by 0.5 per cent to 15,742 in June 2016. Nationally loan approvals to owner-occupiers increased by 1.2 per cent to 57,609.
In the month to June 2016, the number of loans to owner-occupiers for new dwellings increased in South Australia (up 9.0 per cent), Victoria (up 6.0 per cent), Queensland (up 2.0 per cent) and New South Wales (up 0.5 per cent) but decreased in Tasmania (down 31.9 per cent) and Western Australia (down 7.1 per cent).
In June 2016, Victoria's loans to owner-occupiers for new dwellings contributed 31.1 per cent (2869) to the national total (9222). For the same period, Victoria contributed 27.4 per cent (13,739) of loan approvals for owner-occupied established dwellings to the national total (50,074).
Nationally, the value of lending for new and established housing increased by 2.8 per cent in June 2016. This reflected an increase in lending to owner-occupiers (up 2.5 per cent) and an increase in lending to investors (up 3.2 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)||17,291||15,742||11,327||4038||6195||1000||57,609|
|Change in the month to June 2016 (%)||-1.3||0.5||2.4||-0.4||-3.0||1.2||1.2|
|Annual change to June 2016 (%)||5.1||12.4||7.5||11.4||-10.7||9.6||6.7|
|Number of loans to owner-occupiers new dwellings (original)||2375||2869||1646||615||1354||109||9222|
|Change in the month to June 2016 (%)||0.5||6.0||2.0||9.0||-7.1||-31.9||1.0|
|Annual change to June 2016 (%)||10.8||19.1||4.3||0.5||-20.7||-3.5||4.5|
|Number of loans to owner-occupiers established dwellings (original)||15,454||13,739||9889||3708||5215||860||50,074|
|Change in the month to June 2016 (%)||-5.7||-3.1||0.8||-1.9||-3.9||-5.7||-3.3|
|Annual change to June 2016 (%)||3.1||10.4||7.4||13.5||-7.5||8.3||5.4|
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: 23 September 2016