QTPA Member Alert |ABS Housing Finance, Australia, May 2014

ABS Housing Finance, Australia, May 2014

MAY 2014 KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	May 2014	Apr 2014 to May 2014	May 2014	Apr 2014 to May 2014
Value of dwelling commitments	$m	% change	$m	% change
Total dwellings	27 623	0..2	27 489	-0.8
Owner occupied housing	16 804	0..2	16 732	-0.7
Investment housing – fixed loans	10 819	0..3	10 757	-0.9
Number of dwelling commitments	No.	% change	No.	% change
Owner occupied housing	52 152	0..1	52 092	0..0
Construction of dwellings	6 229	0..5	6 184	0..9
Purchase of new dwellings	2 674	-0.2	2 715	1..7
Purchase of established dwellings	43 249	0..1	43 193	-0.2

MAY 2014 KEY POINTS

VALUE OF DWELLING COMMITMENTS

May 2014 compared with April 2014:

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 0.3% and owner occupied housing commitments rose 0.2%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.8%.

NUMBER OF DWELLING COMMITMENTS

May 2014 compared with April 2014:

In trend terms, the number of commitments for owner occupied housing finance rose 0.1%.
In trend terms, the number of commitments for the construction of dwellings rose 0.5% and the number of commitments for the purchase of established dwellings rose 0.1%, while the number of commitments for the purchase of new dwellings fell 0.2%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 12.6% in May 2014 from 12.3% in April 2014.