RBA Annual Conference – 2007 Finance and Welfare States in Globalising Markets

Table 5: Housing Loans

	Interest margin Spread to cash rate, basis points					Losses Basis points					Share of approvals Per cent					Share of outstandings Per cent
	2000	2002	2004	2006		2000	2002	2004	2006		2000	2002	2004	2006		2007
Prime loans						2.9	1.6	0.7	0.9
– Full-doc	155	145	135	120		..	..	..	..		>99	96	88½	88		92
– Low-doc	270	250	230	160		..	..	..	1.0		<½	3	10	10		7
Non-conforming loans	..	425	390	290		..	..	5.0	29.0		<½	1	1½	2		1
Sources: ABS; RBA; Standard and Poor's; banks' annual reports