QTPA Member Alert |ABS Housing Finance, Australia, Jul 2014
ABS Housing Finance, Australia, Jul 2014
JULY KEY FIGURES
Trend estimates | Seasonally adjusted estimates | |||
Jul 2014 | Jun 2014 to Jul 2014 | Jul 2014 | Jun 2014 to Jul 2014 | |
| Value of dwelling commitments | $m | % change | $m | % change |
| Total dwellings | 28 156 | 0.6 | 28 571 | 2.7 |
| Owner occupied housing | 17 016 | 0.3 | 17 058 | 0.0 |
| Investment housing – fixed loans | 11 139 | 1.2 | 11 513 | 6.8 |
| Number of dwelling commitments | no. | % change | no. | % change |
| Owner occupied housing | 52 192 | 0.0 | 52 251 | 0.3 |
| Construction of dwellings | 6 196 | -0.1 | 6 157 | -1.3 |
| Purchase of new dwellings | 2 831 | 1.3 | 2 871 | 0.5 |
| Purchase of established dwellings | 43 166 | -0.1 | 43 223 | 0.6 |
JULY KEY POINTS
VALUE OF DWELLING COMMITMENTS
July 2014 compared with June 2014:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.2% and owner occupied housing commitments rose 0.3%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.7%.
NUMBER OF DWELLING COMMITMENTS
July 2014 compared with June 2014:
- In trend terms, the number of commitments for owner occupied housing finance was flat in July 2014.
- In trend terms, the number of commitments for the purchase of new dwellings rose 1.3%, the number of commitments for the purchase of established dwellings fell 0.1% and the number of commitments for the construction of dwellings fell 0.1%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.2% in July 2014 from 13.2% in June 2014.
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