Australian Housing Dynamics and Affordability
AUSTRALIA HOME LOANS
NEW SOUTH WALES/ACT
Portfolio
•
•
NSW/ACT makes up 32% of portfolio FUM and 25% of 90+ days past due.
76% in advance of repayments which is in line with the total portfolio.
18% of the portfolio is Interest Only & reducing.
90+ days past due
NSW/ACT at 88bps is similar to VIC/TAS at 86bps & 28bps below national
level.
Increase in the past 6 months, primarily driven by older vintages
Since FY15, credit quality has improved year-on-year, with FY17 & FY18
vintages performing better than FY15 & FY16 vintages.
Dynamic LVR
12.2% of NSW/ACT portfolio >90% DLVR
HOME LOANS AND NSW/ACT 90+ DELINQUENCIES 1,2
%
1.5
HOUSING PORTFOLIO¹
HOUSING FLOW
$b
$b
256
264 271
272 269
265
34
34
177
181
184
184 182 179
31
26
21
21
21
21
19
20
17
14
79
83
33
13
87
88
87
86
13
13
11
9
7
6
Mar-17 Sep-17 Mar-18 Sep-18 Mar-19 Sep-19
Rest of the Country
1H17 2H17 1H18 2H18 1H19 2H19
NSW/ACT
NSW/ACT DYNAMIC LVR PROFILE - SEPTEMBER 20191,3,4,5
%
60
50
1.0
40
30
0.5
20
10
0.0
0
Sep
13
Mar Sep Mar Sep
14
14
15 15
Mar Sep Mar
16 16
17
Sep
17
Mar
18
Sep
18
Mar Sep
0-60% 61-75%
76-80% 81-90% 91-95% 96-100% 100%+
19
19
NSW/ACT 90+ Rate
Portfolio 90+ Rate
Portfolio 90+ Rate without NSW/ACT
Total Portfolio
Total Portfolio (ex WA)
NSW/ACT
1. Includes Non Performing Loans 2. ANZ delinquencies calculated on a missed payment basis 3. Includes capitalised LMI premiums 4. Valuations updated to Aug-19 where available 5. Includes
Non Performing Loans and excludes accounts with a security guarantee
ANZ
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