QTPA Member Alert | ABS Housing Finance, Australia, Jul 2012 (Released at 11:30 AM (CANBERRA TIME) 10/09/2012)
ABS Housing Finance, Australia, Jul 2012 (Released at 11:30 AM (CANBERRA TIME) 10/09/2012)
As can be seen by the figures below the trend from month to month is positive however the trend seasonally adjusted which is 12 months, is negative.
JULY 2012 KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | |||
| Jul 2012 | Jun 2012 to Jul 2012 | Jul 2012 | Jun 2012 to Jul 2012 | |
| Value of dwelling commitments(a)(b) | $m | % change | $m | % change |
| Total dwellings | 20 146 | 0.1 | 20 050 | -1.8 |
| Owner occupied housing | 13 429 | 0.1 | 13 386 | -1.4 |
| Investment housing – fixed loans(c) | 6 718 | 0.0 | 6 665 | -2.7 |
| Number of dwelling commitments(a)(b) | no. | % change | no. | % change |
| Owner occupied housing | 44 900 | 0.0 | 44 804 | -1.0 |
| Construction of dwellings | 5 185 | 1.0 | 5 234 | 0.3 |
| Purchase of new dwellings | 2 129 | 1.8 | 2 048 | -6.8 |
| Purchase of established dwellings | 37 585 | -0.2 | 37 522 | -0.9 |
| (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 |
JULY KEY POINTS
VALUE OF DWELLING COMMITMENTS
July 2012 compared with June 2012:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.1%. Owner occupied housing commitments rose 0.1%, while investment housing commitments were flat (0.0%).
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.8%.
NUMBER OF DWELLING COMMITMENTS
July 2012 compared with June 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 purchase of new dwellings rose 1.8% and the number of commitments for the construction of dwellings rose 1.0%, while the number of commitments for the purchase of established dwellings fell 0.2%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 19.2% in July 2012 from 18.5% in June 2012.
REGARDS,
Jim Vaughan
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