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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 dwellings20 1460.120 050-1.8
Owner occupied housing13 4290.113 386-1.4
Investment housing – fixed loans(c)6 7180.06 665-2.7
Number of dwelling commitments(a)(b)no.% changeno.% change
Owner occupied housing44 9000.044 804-1.0
Construction of dwellings5 1851.05 2340.3
Purchase of new dwellings2 1291.82 048-6.8
Purchase of established dwellings37 585-0.237 522-0.9

(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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