QTPA Member Alert |ABS Housing Finance, Australia, Aug 2013 (15/10/2013)
ABS Housing Finance, Australia, Aug 2013
ABS AUGUST KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | ||
| Aug 2013 | July 2013 to Aug 2013 | Aug 2013 | July 2013 to Aug 2013 |
Value of dwelling commitments (a) (b) | $m | % change | $m | % change |
Total dwellings | 24 081 | 0.5 | 23 835 | -1.2 |
Owner occupied housing | 15 299 | 0.4 | 15 038 | -1.9 |
Investment housing – fixed loans © | 8 781 | 0.8 | 8 797 | 0.0 |
Number of dwelling commitments (a) (b) | No | % change | No | % change |
Owner occupied housing | 51 275 | 0.6 | 49 912 | -3.9 |
Construction of dwellings | 5 372 | 0.1 | 5 393 | 2.2 |
Purchase of new dwellings | 3 031 | 0.3 | 2 954 | -4.0 |
Purchase of established dwellings | 42 872 | 0.7 | 41 566 | -.46 |
(a) Includes refinancing
(b) Excludes alterations and additions
(c) Excludes revolving credit
ABS AUGUST KEY POINTS
VALUE OF DWELLING COMMITMENTS
August 2013 compared with July 2013:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.5%. Investment housing commitments rose 0.8% and owner occupied housing commitments rose 0.4%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.2%.
NUMBER OF DWELLING COMMITMENTS
August 2013 compared with July 2013:
- In trend terms, the number of commitments for owner occupied housing finance rose 0.6%.
- In trend terms, the number of commitments for the purchase of established dwellings rose 0.7%, the number of commitments for the purchase of new dwellings rose 0.3% and the number of commitments for the construction of dwellings rose 0.1%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.7% in August 2013 from 14.7% in July 2013
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