QTPA Member Alert |ABS Housing Finance, Australia, Jan 2013 (14/3/2013)
ABS Housing Finance, Australia, Jan 2013
JANUARY 2013 KEY FIGURES | Trend estimates | Seasonally adjusted estimates | ||
Jan 2013 | Dec 2012 to Jan 2013 | Jan 2013 | Dec 2012 to Jan 2013 | |
Value of dwelling commitments(a)(b) | $m | % change | $m | % change |
Total dwellings | 21 427 | 0.6 | 21 485 | 2.4 |
Owner occupied housing | 13 779 | 0.0 | 13 764 | 1.3 |
Investment housing – fixed loans(c) | 7 648 | 1.7 | 7 721 | 4.4 |
Number of dwelling commitments(a)(b) | no. | % change | no. | % change |
Owner occupied housing | 45 139 | -0.7 | 44 383 | -1.5 |
Construction of dwellings | 4 871 | -0.3 | 4 925 | -0.2 |
Purchase of new dwellings | 2 526 | 0.2 | 2 499 | 2.3 |
Purchase of established dwellings | 37 742 | -0.8 | 36 959 | -1.9 |
(a) Includes refinancing (see Glossary). | ||||
(b) Excludes alterations and additions. | ||||
(c) Excludes revolving credit. | ||||
JANUARY 2013 KEY POINTS
VALUE OF DWELLING COMMITMENTS
January 2013 compared with December 2012:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.7%, while owner occupied housing commitments was flat.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.4%.
NUMBER OF DWELLING COMMITMENTS
January 2013 compared with December 2012:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.7%.
- In trend terms, the number of commitments for the purchase of established dwellings fell 0.8% and the number of commitments for the construction of dwellings fell 0.3%, while the number of commitments for the purchase of new dwellings rose 0.2%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments remained at 14.9% in January 2013.
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