QTPA Member Alert | Housing Finance, Australia, Aug 2012 (15/10/2012)

Housing Finance, Australia, Aug 2012

ABS AUGUST 2012 KEY FIGURES

	Trend estimates		Seasonally adjusted estimates
	Aug 2012	Jul 2012 to Aug 2012	Aug 2012	Jul 2012 to Aug 2012

Value of dwelling commitments(a)(b)	$m	% change	$m	% change
Total dwellings	20 304	0.2	20 301	0.6
Owner occupied housing	13 614	0.6	13 647	1.3
Investment housing – fixed loans(c)	6 690	-0.5	6 654	-0.8
Number of dwelling commitments(a)(b)	no.	% change	no.	% change
Owner occupied housing	45 430	0.4	45 821	1.8
Construction of dwellings	5 239	0.9	5 242	0.2
Purchase of new dwellings	2 248	2.5	2 341	13.9
Purchase of established dwellings	37 943	0.2	38 238	1.3

(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

AUGUST KEY POINTS

VALUE OF DWELLING COMMITMENTS

August 2012 compared with July 2012:

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Owner occupied housing commitments rose 0.6%, while investment housing commitments fell 0.5%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.6%.

NUMBER OF DWELLING COMMITMENTS

August 2012 compared with July 2012:

In trend terms, the number of commitments for owner occupied housing finance rose 0.4%.
In trend terms, the number of commitments for the purchase of new dwellings rose 2.5%, the number of commitments for the construction of dwellings rose 0.9% and the number of commitments for the purchase of established dwellings rose 0.2%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 18.6% in August 2012 from 19.2% in July 2012.