QTPA Member Alert |ABS Housing Finance, Australia, Feb 2014
ABS Housing Finance, Australia, Feb 2014
FEBRUARY KEY FIGURES
| TREND ESTIMATES | SEASONALLY ADJUSTED ESTIMATES | ||
| Feb 2014 | Jan 2014 to Feb 2014 | Feb 2014 | Jan 2014 to Feb 2014 |
Value of dwelling commitments (a) (b) | $m | % change | $m | % change |
Total dwellings | 27 594 | 1.0 | 27 644 | 2.9 |
Owner occupied housing | 16 846 | 0.9 | 16 907 | 1.9 |
Investment housing – fixed loans (c) | 10 748 | 1.1 | 10 737 | 4.4 |
Number of dwelling commitments (a) (b) | No. | % change | No. | % change |
Owner occupied housing | 52 082 | 0.2 | 52 460 | 2.3 |
Construction of dwellings | 6 072 | 1.8 | 6 139 | 0.8 |
Purchase of new dwellings | 2 698 | -1.7 | 2 616 | -5.0 |
Purchase of established dwellings | 43 312 | 0.1 | 43 705 | 3.0 |
(a) Includes refinancing
(b) Excludes alterations and additions
(c) Excludes revolving credit
FEBRUARY KEY POINTS
VALUE OF DWELLING COMMITMENTS
February 2014 compared with January 2014:
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. Investment housing commitments rose 1.1% and owner occupied housing commitments rose 0.9%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.9%.
NUMBER OF DWELLING COMMITMENTS
February 2014 compared with January 2014:
In trend terms, the number of commitments for owner occupied housing finance rose 0.2%.
- In trend terms, the number of commitments for the purchase of new dwellings fell 1.7% while the number of commitments for the purchase of established dwellings rose 0.1% and the number of commitments for the construction of dwellings rose 1.8%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.5% in February 2014 from 13.2% in January 2014.
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