Economic briefing note on housing finance November 2016
Release date: 17 January 2017
Next release: 10 February 2017
Victorian monthly loan approvals to owner-occupiers increased by 0.8 per cent to 14,949 in November 2016. Nationally, loan approvals to owner-occupiers increased by 0.9 per cent to 54,603.
In the month to November 2016, the number of loans to owner-occupiers for new dwellings increased in Western Australia (up 20.5 per cent), South Australia (up 18.0 per cent), New South Wales (up 14.7 per cent), Victoria (up 12.6 per cent), Tasmania (up 7.7 per cent) and Queensland (up 7.7 per cent).
In November 2016, Victoria's loans to owner-occupiers for new dwellings contributed 28.7 per cent (2627) to the national total (9152). For the same period, Victoria contributed 26.7 percent (13,579) of loan approvals for owner-occupied established dwellings to the national total (50,784).
Nationally, the value of lending for new and established housing increased by 3.2 per cent in November 2016. This reflected an increase in lending to owner-occupiers (up 1.6 per cent) and an increase in lending to investors (up 4.9 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)||16,428||14,949||11,042||3822||5991||1042||54,603|
|Change in the month to Nov 2016 (%)||1.5||0.8||2.4||-1.3||-0.7||-1.0||0.9|
|Annual change to Nov 2016 (%)||-6.7||-2.0||7.4||0.8||-9.2||9.8||-2.6|
|Number of loans to owner-occupiers new dwellings (original)||2379||2627||1878||576||1336||140||9152|
|Change in the month to Nov 2016 (%)||14.7||12.6||7.7||18.0||20.5||7.7||13.0|
|Annual change to Nov 2016 (%)||9.9||9.6||20.0||11.0||-9.5||28.4||6.8|
|Number of loans to owner-occupiers established dwellings (original)||16,298||13,579||10,068||3524||5065||1019||50,784|
|Change in the month to Nov 2016 (%)||15.3||10.5||12.7||10.1||5.5||16.6||12.2|
|Annual change to Nov 2016 (%)||-3.1||2.3||10.8||3.3||-4.9||13.9||1.3|
Proportion of value of housing loans (Australia)
|Date||Owners (%)||Investors (%)|
Value of non-refinancing housing loan by type (Australia)
|Date||Established dwellings ($ billion)||New dwellings ($ billion)|
Source: Australian Bureau of Statistics (ABS), cat. no. 5609.0 – Housing finance, Australia
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Page last updated: 13 February 2017