QTPA Member Alert | ABS Housing Finance, Australia, Feb 2012 (12/4/2012)
ABS Housing Finance, Australia, Feb 2012
FEBRUARY 2012 KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | ||||
| Feb 2012 | Jan 2012 to Feb 2012 | Feb 2012 | Jan 2012 to Feb 2012 | ||
| Value of dwelling commitments(a)(b) | $m | % change | $m | % change | |
| Total dwellings | 20 576 | 0.1 | 20 295 | -1.3 | |
| Owner occupied housing | 13 768 | 0.0 | 13 410 | -4.0 | |
| Investment housing – fixed loans(c) | 6 808 | 0.4 | 6 885 | 4.4 | |
| Number of dwelling commitments(a)(b) | no. | % change | no. | % change | |
| Owner occupied housing | 47 361 | 0.0 | 46 322 | -2.5 | |
| Construction of dwellings | 5 070 | 1.0 | 5 175 | 3.1 | |
| Purchase of new dwellings | 1 880 | -2.2 | 1 734 | -10.4 | |
| Purchase of established dwellings | 40 411 | 0.0 | 39 414 | -2.8 | |
| (a) Includes refinancing (see Glossary). | |||||
| (b) Excludes alterations and additions. | |||||
| (c) Excludes revolving credit. | |||||
Value of dwelling commitments, Total dwellings | No. of dwelling commitments, Owner occupied housing | ||||
FEBRUARY KEY POINTS
VALUE OF DWELLING COMMITMENTS
February 2012 compared with January 2012:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.1%. Investment housing commitments rose 0.4%, while owner occupied housing commitments was flat (0.0%).
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.3%.
NUMBER OF DWELLING COMMITMENTS
February 2012 compared with January 2012:
- In trend terms, the number of commitments for owner occupied housing finance was flat (0.0%).
- In trend terms, the number of commitments for the construction of dwellings rose 1.0%, while the number of commitments for the purchase of established dwellings was flat (0.0%) and the number of commitments for the purchase of new dwellings fell 2.2%.
- In seasonally adjusted terms, the number of commitments for owner occupied housing finance fell 2.5%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 17.2% in February 2012 from 20.3% in January 2012.
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