QTPA Member Alert | ABS Housing Finance, Australia, Mar 2012 (16/5/2012)
ABS Housing Finance, Australia, Mar 2012
MARCH KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | ||||
| Mar 2012 | Feb 2012 to Mar 2012 | Mar 2012 | Feb 2012 to Mar 2012 | ||
| Value of dwelling commitments(a)(b) | $m | % change | $m | % change | |
| Total dwellings | 20 440 | -0.2 | 20 184 | -0.5 | |
| Owner occupied housing | 13 574 | -0.5 | 13 354 | -0.3 | |
| Investment housing – fixed loans(c) | 6 866 | 0.4 | 6 830 | -1.0 | |
| Number of dwelling commitments(a)(b) | no. | % change | no. | % change | |
| Owner occupied housing | 46 715 | -0.4 | 46 275 | 0.3 | |
| Construction of dwellings | 5 161 | 1.1 | 5 186 | 0.2 | |
| Purchase of new dwellings | 1 879 | -1.3 | 1 946 | 13.4 | |
| Purchase of established dwellings | 39 675 | -0.6 | 39 143 | -0.2 | |
| (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 | ||||
MARCH KEY POINTS
VALUE OF DWELLING COMMITMENTS
March 2012 compared with February 2012:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.2%. Owner occupied housing commitments fell 0.5%, while investment housing commitments rose 0.4%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.5%.
NUMBER OF DWELLING COMMITMENTS
March 2012 compared with February 2012:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.4%.
- In trend terms, the number of commitments for the purchase of new dwellings fell 1.3% and the number of commitments for the purchase of established dwellings fell 0.6%, while the number of commitments for the construction of dwellings rose 1.1%.
- In seasonally adjusted terms, the number of commitments for owner occupied housing finance rose 0.3%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 16.4% in March 2012 from 17.2% in February 2012.
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