QTPA Member Alert |ABS Housing Finance, Australia, Jul 2013 (11/9/2013)
ABS Housing Finance, Australia, Jul 2013
Positive signs at last.
JULY 2013 KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | ||
| Jul 2013 | Jun 2013 to Jul 2013 | Jul 2013 | Jun 2013 to Jul 2013 |
Value of dwelling commitments (a) (b) | $m | % change | $m | % change |
Total dwellings | 24 116 | 0.9 | 24 180 | 1.1 |
Owner occupied housing | 15 414 | 1.0 | 15 391 | 0.0 |
Investment housing – fixed loans © | 8 702 | 0.8 | 8 789 | 2.9 |
Number of dwelling commitments (a) (b) | No. | % change | No. | % change |
Owner occupied housing | 51 730 | 1.6 | 52 204 | 2.4 |
Construction of dwellings | 5 365 | 0.2 | 5 265 | -2.1 |
Purchase of new dwellings | 3 093 | 1.4 | 3 131 | 5.9 |
Purchase of established dwellings | 43 271 | 1.8 | 43 809 | 2.7 |
(a) Includes refinancing (see Glossary).
(b) Excludes alterations and additions.
(c) Excludes revolving credit.
VALUE OF DWELLING COMMITMENTS
July 2013 compared with June 2013:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.9%. Owner occupied housing commitments rose 1.0% and investment housing commitments rose 0.8%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.1%.
NUMBER OF DWELLING COMMITMENTS
July 2013 compared with June 2013:
- In trend terms, the number of commitments for owner occupied housing finance rose 1.6%.
- In trend terms, the number of commitments for the purchase of established dwellings rose 1.8%, the number of commitments for the purchase of new dwellings rose 1.4% and the number of commitments for the construction of dwellings rose 0.2%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.7% in July 2013 from 15.1% in June 2013.
VALUE OF DWELLING COMMITMENTS
July 2013 compared with June 2013:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.9%. Owner occupied housing commitments rose 1.0% and investment housing commitments rose 0.8%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.1%.
NUMBER OF DWELLING COMMITMENTS
July 2013 compared with June 2013:
- In trend terms, the number of commitments for owner occupied housing finance rose 1.6%.
- In trend terms, the number of commitments for the purchase of established dwellings rose 1.8%, the number of commitments for the purchase of new dwellings rose 1.4% and the number of commitments for the construction of dwellings rose 0.2%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.7% in July 2013 from 15.1% in June 2013.
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