QTPA Member Alert | ABS Housing Finance, Australia, Jun 2012 (14/8/2012)
ABS Housing Finance, Australia, Jun 2012
JUNE 2012 KEY FIGURES
Trend estimates | Seasonally adjusted estimates | ||||
Jun 2012 | May 2012 to Jun 2012 | Jun 2012 | May 2012 to Jun 2012 | ||
Value of dwelling commitments(a)(b) | $m | % change | $m | % change | |
Total dwellings | 20 397 | 0.0 | 20 724 | 2.4 | |
Owner occupied housing | 13 631 | 0.1 | 13 818 | 1.2 | |
Investment housing – fixed loans(c) | 6 766 | -0.4 | 6 905 | 4.9 | |
Number of dwelling commitments(a)(b) | no. | % change | no. | % change | |
Owner occupied housing | 46 413 | -0.1 | 46 859 | 1.3 | |
Construction of dwellings | 5 285 | 0.7 | 5 410 | 4.9 | |
Purchase of new dwellings | 2 109 | 2.4 | 2 210 | 9.7 | |
Purchase of established dwellings | 39 019 | -0.3 | 39 238 | 0.3 | |
(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 | ||||
JUNE 2012 KEY POINTS
VALUE OF DWELLING COMMITMENTS
June 2012 compared with May 2012:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions was flat (0.0%). Investment housing commitments fell 0.4%, while owner occupied housing commitments rose 0.1%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.4%.
NUMBER OF DWELLING COMMITMENTS
June 2012 compared with May 2012:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.1%.
- In trend terms, the number of commitments for the purchase of established dwellings fell 0.3%, while the number of commitments for the purchase of new dwellings rose 2.4% and the number of commitments for the construction of dwellings rose 0.7%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 18.3% in June 2012 from 17.8% in May 2012.
Jim Vaughan
Chief Executive Officer
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