Economic briefing note on housing finance in December 2016
Release date: 11 May 2016
Next release: 8 June 2016
Victorian monthly loan approvals to owner-occupiers increased by 0.8 per cent to 15,078 in December 2016. Nationally, loan approvals to owner-occupiers increased by 0.4 per cent to 54,912.
In the month to December 2016, the number of loans to owner-occupiers for new dwellings increased in Victoria (up 0.5 per cent) but decreased in South Australia (down 16.5 per cent), Tasmania (down 15.0 per cent), Western Australia (down 14.5 per cent), Queensland (down 11.2 per cent) and New South Wales (down 2.0 per cent).
In December 2016, Victoria's loans to owner-occupiers for new dwellings contributed 30.7 per cent (2643) to the national total (8603). For the same period, Victoria contributed 27.7 percent (13,090) of loan approvals for owner-occupied established dwellings to the national total (47,291).
Nationally, the value of lending for new and established housing increased by 0.8 per cent in December 2016. This reflected an increase in lending to owner-occupiers (up 2.6 per cent) and a decrease in lending to investors (down 1.0 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)||16,791||15,078||10,870||3735||5790||1008||54,912|
|Change in the month to December 2016 (%)||1.5||0.8||-1.3||-1.9||-2.7||-2.8||0.4|
|Annual change to December 2016 (%)||-6.2||-1.3||-3.0||-2.6||-12.9||-1.5||-4.4|
|Number of loans to owner-occupiers new dwellings (original)||2331||2643||1667||481||1142||119||8603|
|Change in the month to December 2016 (%)||-2.0||0.5||-11.2||-16.5||-14.5||-15.0||-6.0|
|Annual change to December March (%)||-2.9||3.9||4.9||-14.6||-22.4||-11.9||-4.3|
|Number of loans to owner-occupiers established dwellings (original)||15,079||13,090||8978||3366||4671||894||47,291|
|Change in the month to December 2016 (%)||-7.5||-3.6||-10.8||-4.5||-7.8||-12.3||-6.9|
|Annual change to December 2016 (%)||-10.1||-7.2||-7.4||-5.4||-13.6||-3.7||-8.4|
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: 15 February 2017