Turf QLD Industry Alert |ABS Housing Finance, Australia, May 2015 (10/07/15)

ABS Housing Finance, Australia, May 2015 (10/07/15)

MAY 2015 KEY POINTS

VALUE OF DWELLING COMMITMENTS

May 2015 compared with April 2015:

• The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.7%. Investment housing commitments rose 1.1% and owner occupied housing commitments rose 0.4%.
• In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 4.4%.

NUMBER OF DWELLING COMMITMENTS

May 2015 compared with April 2015:

• In trend terms, the number of commitments for owner occupied housing finance fell 0.2% in May 2015.
• In trend terms, the number of commitments for the construction of dwellings fell 0.6%, the number of commitments for the purchase of established dwellings fell 0.2%, while the number of commitments for the purchase of new dwellings rose 1.1%.
• In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 15.9% in May 2015 from 15.8% in April 2015.