QTPA Member Alert |ABS Housing Finance, Australia, Feb 2013 (16/4/2013)
ABS Housing Finance, Australia, Feb 2013
FEBRUARY 2013 KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | ||||
| Feb-13 | Jan 2013 to Feb 2013 | Feb-13 | Jan 2013 to Feb 2013 | ||
| Value of dwelling commitments(a)(b) | $m | % change | $m | % change | |
| Total dwellings | 21 657 | 0.6 | 21 826 | 1.4 | |
| Owner occupied housing | 13 834 | 0 | 13 946 | 1.2 | |
| Investment housing – fixed loans(c) | 7 823 | 1.5 | 7 879 | 1.8 | |
| Number of dwelling commitments(a)(b) | no. | % change | no. | % change | |
| Owner occupied housing | 44 931 | -0.5 | 45 423 | 2 | |
| Construction of dwellings | 4 983 | 0.5 | 5 058 | 1.5 | |
| Purchase of new dwellings | 2 496 | -0.7 | 2 519 | 0.6 | |
| Purchase of established dwellings | 37 453 | -0.7 | 37 846 | 2.1 | |
FEBRUARY KEY POINTS
VALUE OF DWELLING COMMITMENTS
February 2013 compared with January 2013:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.5%, while owner occupied housing commitments was flat.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.4%.
NUMBER OF DWELLING COMMITMENTS
February 2013 compared with January 2013:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.5%.
- In trend terms, the number of commitments for the purchase of established dwellings fell 0.7% and the number of commitments for the purchase of new dwellings fell 0.7%, while the number of commitments for the construction of dwellings rose 0.5%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.4% in February 2013 from 15.0% in January 2013.
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