Industry Statistics
Market Share (Home Loans)
40% Mortgage Brokers
Source: Australian Mortgage Industry Volume 11, Fujitsu Consulting April 2010
Housing Loan Commitments
On a seasonally adjusted basis the national value of housing loan commitments (owner occupation) in March 2009 was $15.731b, up 7.3% on February. On a state basis, the respective statistics were:
- NSW - $5.125b
- Vic - $3.494b
- Qld - $3.438b
- SA - $1.117b
- WA - $1.889b
- Tas - $248m
- NT - $134m
- ACT - $292m
Source: ABS Housing Finance 5609.0 Mar 2009
First Home Buyers
First Home Buyer commitments in March increased to 27.3% (of all owner occupier commitments) compared with 26.5% in February 2009. This is the highest proportion recorded since the series commenced in 1991.
Source: ABS Housing Finance 5609.0 Mar 2009
Average Home Loan
The average loan size for owner occupied housing commitments rose by $11,500 in March 2009 to $263,200.
Average loans in each state/territory were (excluding refinancing):
- NSW - $280,700
- Vic - $247,600
- Qld - $274,000
- SA - $210,700
- WA - $276,300
- Tas - $193,600
- NT - $285,100
- ACT - $276,100
Source: ABS Housing Finance 5609.0 Mar 2009
Fixed Rates
Fixed rate loans were 2.4% of all owner occupier loans in Mar 2009 down from 2.8% in February 2009.
Source: ABS Housing Finance 5609.0 Mar 2009
Outstanding Housing Loan Balances
At the end of November 2008, the value of outstanding housing loans financed by authorised deposit-taking institutions was $811,927m, up $8,941m (1.1%) from the October 2008 closing balance.
Source: ABS Housing Finance 5609.0 Nov 2008
Non Performing Loans
Australian banks have one of the lowest non-performing loans ratios of all 94 surveyed countries. Only 1.0 per cent of Australian bank loans are ‘non-performing’, meaning that only a very small proportion of loan repayments have either ceased or are excessively late. This ratio was fairly steady at 0.2% three years rising to its current figure in 2009.
Source: International Monetary Fund’s (IMF) Global Financial Stability Report October 2009
Business Finance
On a seasonally adjusted basis, the value of commercial finance commitments in May 2008 was $34 302b (3.2% increase on April 2008).
The value of lease finance ($544m) fell by 7.1% from Apr 2008.
Break up of results of original figures for May 2008
Commercial (fixed) $23.299b
Construction finance $1.683b
Purchase of Real Property $8.065b
Wholesale finance $891m
Purchase of Plant & Equipment $1.182b
Refinancing $1.684b
Other $9.794b
Leasing $566m
Plant & Equipment $260m
Motor Vehicles $306m
Source: ABS Lending Finance May 2008
