Australia Yearbook - 2001

Chapter 8—Housing 313
Banks continued to be the predominant lenders.
Banks’ market share was 82.3% of total
commitments in 1999–2000, down slightly from
82.8% in the previous year. The number of
commitments made by banks for housing
finance totalled 451,800 during 1999–2000, a
rise of 11.8% from the previous year.
Commitments made by lenders other than banks
during the same period also rose, up 13,249
(15.8%) to 97,215.
In 1999–2000 the average borrowing from banks
was $139,200 (up 9.2% from 1998–99), from
permanent building societies $116,500 (down
1.0%), and $125,900 from other lenders (an
increase of 5.4%).
8.18 SECURED HOUSING FINANCE COMMITMENTS(a), By Purpose and Type of Lender
Type of lender
Permanent
Unit
Banks
building
societies
Other
lenders(b)
Total
CONSTRUCTION OF DWELLINGS
Dwelling units
1997–98 no. 63 325 3 732 7 160 74 217
1998–99 no. 62 464 3 787 7 238 73 489
1999–00 no. 65 673 3 276 6 735 75 684
Value of commitments
1997–98 $m 7 014 487 877 8 380
1998–99 $m 7 936 519 901 9 356
1999–00 $m 9 292 472 851 10 618
PURCHASE OF NEWLY ERECTED DWELLINGS
Dwelling units
1997–98 no. 18 889 227 4 154 23 270
1998–99 no. 17 903 282 1 963 20 148
1999–00 no. 17 313 300 920 18 533
Value of commitments
1997–98 $m 2 402 30 476 2 907
1998–99 $m 2 483 37 283 2 802
1999–00 $m 2 666 49 125 2 840
PURCHASE OF ESTABLISHED DWELLINGS(c)
Dwelling units
1997–98 no. 309 033 15 770 59 883 384 686
1998–99 no. 323 840 14 917 55 779 394 536
1999–00 no. 368 814 16 562 69 422 454 798
Value of commitments
1997–98 $m 34 883 1 617 6 874 43 374
1998–99 $m 41 089 1 678 6 576 49 343
1999–00 $m 50 919 1 825 8 729 61 472
TOTAL
Dwelling units
1997–98 no. 391 247 19 729 71 197 482 173
1998–99 no. 404 207 18 986 64 980 488 173
1999–00 no. 451 800 20 138 77 077 549 015
Value of commitments
1997–98 $m 44 299 2 134 8 227 54 661
1998–99 $m 51 508 2 234 7 760 61 501
1999–00 $m 62 877 2 346 9 705 74 930
(a) Excludes alterations and additions. (b) Includes mortgage managers. (c) Includes refinancing.
Source: Unpublished data, Survey of Housing Finance for Owner Occupation.