Economic briefing note on housing finance in March 2016
Release date: 11 May 2016
Next release: 8 June 2016
Victorian monthly loan approvals to owner-occupiers increased by 0.3 per cent to 16,108 in March 2016. Nationally loan approvals to owner-occupiers decreased by 0.9 per cent to 56,316.
In the month to March 2016, the growth in the number of loans to owner-occupiers for new dwellings decreased in VIC (-0.7 per cent) and NSW (-1.0 per cent) but increased in SA (17.7 per cent), QLD (9.0 per cent), WA (3.3 per cent), and TAS (0.9 per cent).
In March 2016, Victoria's loans to owner-occupiers for new dwellings contributed 28.4 per cent (2287) to the national total (8061). For the same period, Victoria contributed 27.1 per cent (13,319) of loans approvals for established dwellings to the national total (49,125).
Nationally, the value of lending for new and established housing increased by 0.2 per cent in March 2016. This reflected a decrease in lending to owner-occupiers (down 1.0 per cent) and an increase in lending to investors (up 1.5 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)||17,581||16,108||10,457||3745||6387||843||56,316|
|Change in the month to March 2016 (%)||-1.1||0.3||-1.2||0.7||-1.0||-3.2||-0.9|
|Annual change to March 2016 (%)||7.6||8.3||0.5||7.1||-9.1||-8.0||3.8|
|Number of loans to owner-occupiers new dwellings (original)||2018||2287||1604||551||1251||113||8061|
|Change in the month to March 2016 (%)||-1.0||-0.7||9.0||17.7||3.3||0.9||3.0|
|Annual change to June March (%)||-10.2||-2.5||-7.2||14.1||-27.9||-22.1||-9.4|
|Number of loans to owner-occupiers established dwellings (original)||15,912||13,319||9543||3310||5169||746||49,125|
|Change in the month to March 2016 (%)||12.5||6.8||4.9||6.5||3.0||2.2||7.8|
|Annual change to March 2016 (%)||5.5||5.1||-1.3||0.5||-8.9||-12.1||1.6|
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