QTPA Member Alert |ABS Housing Finance, Australia, Oct 2013 (13/12/2013)
ABS Housing Finance, Australia, Oct 2013
OCTOBER 2013 KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | ||
| Oct 2013 | Sep 2013 to Oct 2013 | Oct 2013 | Sep 2013 to Oct 2013 |
Value of dwelling commitments | $m | % change | $m | % change |
Total dwellings | 25 671 | 1.8 | 26 486 | 4.1 |
Owner occupied housing | 15 900 | 1.1 | 16 185 | 1.7 |
Investment housing – fixed loans | 9 772 | 2.9 | 10 300 | 8.2 |
Number of dwelling commitments | No. | % change | No. | % change |
Owner occupied housing | 51 931 | 0.6 | 52 305 | 1.0 |
Construction of dwellings | 5 490 | 0.7 | 5 546 | 1.0 |
Purchase of new dwellings | 2 959 | -0.1 | 2 993 | 3.6 |
Purchase of established dwellings | 43 482 | 0.6 | 43 766 | 0.8 |
(a)Includes refinancing
(b)Excludes alterations and additions
(c) Excludes revolving credit
OCTOBER 2013 KEY POINTS
VALUE OF DWELLING COMMITMENTS
October 2013 compared with September 2013:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.8%. Investment housing commitments rose 2.9% and owner occupied housing commitments rose 1.1%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 4.1%.
NUMBER OF DWELLING COMMITMENTS
October 2013 compared with September 2013:
- In trend terms, the number of commitments for owner occupied housing finance rose 0.6%.
- In trend terms, the number of commitments for the construction of dwellings rose 0.7% and the number of commitments for the purchase of established dwellings rose 0.6%, while the number of commitments for the purchase of new dwellings fell 0.1%.
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 October 2013 from 12.5% in September 2013
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