Economic briefing note on housing finance in May 2016
Release date: 11 July 2016
Next release: 10 August 2016
Victorian monthly loan approvals to owner-occupiers decreased by 1.5 per cent to 16,146 in May 2016. Nationally loan approvals to owner-occupiers decreased by 1.0 per cent to 56,648.
In the month to May 2016, the number of loans to owner-occupiers for new dwellings increased in Tasmania (up 38.7 per cent), Victoria (up 12.6 per cent), New South Wales (up 12.3 per cent), South Australia (up 10.0 per cent), Western Australia (up 9.3 per cent) and Queensland (up 4.5 per cent).
In May 2016, Victoria's loans to owner-occupiers for new dwellings contributed 29.7 per cent (2671) to the national total (8990). For the same period, Victoria contributed 28.3 per cent (14,765) of loan approvals for established dwellings to the national total (52,142).
Nationally, the value of lending for new and established housing increased by 2.0 per cent in May 2016. This reflected an increase in lending to owner-occupiers (up 0.4 per cent) and an increase in lending to investors (up 3.9 per cent).
Number of housing loans
|Number of housing loans||NSW||VIC||QLD||SA||WA||TAS||AUS|
|Number of loans to owner-occupiers (seasonally adjusted)||17,784||16,146||10,763||3879||6394||949||56,648|
|Change in the month to May 2016 (%)||0.2||-1.5||1.1||2.5||0.0||2.8||-10|
|Annual change to May 2016 (%)||16.7||16.2||6.3||16.7||-4.2||9.5||11.4|
|Number of loans to owner-occupiers new dwellings (original)||2349||2671||1594||549||1438||147||8990|
|Change in the month to May 2016 (%)||12.3||12.6||4.5||10.0||9.3||38.7||10.1|
|Annual change to May 2016 (%)||8.6||8.5||-3.2||3.0||-12.8||16.7||2.1|
|Number of loans to owner-occupiers established dwellings (original)||16,559||14,765||9670||3641||5375||888||52,142|
|Change in the month to May 2016 (%)||7.3||7.5||9.0||13.4||5.8||5.2||8.0|
|Annual change to May 2016 (%)||21.7||23.6||12.7||24.9||3.5||10.9||18.2|
Proportion of value of housing loans (Australia)
|Date||Owners (%)||Investors (%)|
Value of non-refinancing housing loan 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