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