Turf QLD Industry Alert |ABS Housing Finance & Building Approvals, Australia, Apr 2015

ABS Housing Finance & Building Approvals, Australia, Apr 2015

HOUSING FINANCE APRIL KEY POINTS

VALUE OF DWELLING COMMITMENTS
April 2015 compared with March 2015:

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.4%. Investment housing commitments rose 1.4% and owner occupied housing commitments rose 1.3%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.9%.

NUMBER OF DWELLING COMMITMENTS

April 2015 compared with March 2015:
In trend terms, the number of commitments for owner occupied housing finance rose 0.7% in April 2015.

In trend terms, the number of commitments for the purchase of new dwellings rose 1.1% and the number of commitments for the purchase of established dwellings rose 0.8%, while the number of commitments for the construction of 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 15.2% in April 2015 from 15.1% in March 2015.

ABS Building Approvals, Australia, Apr 2015

BUILDING APPROVALS APRIL KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved fell 0.4% in April after rising for ten months.
The seasonally adjusted estimate for total dwellings approved fell 4.4% in April following a rise of 2.9% in the previous month.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved rose 1.1% in April and has risen for five months.
The seasonally adjusted estimate for private sector houses rose 4.7% in April and has risen for four months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses fell 1.8% in April after rising for ten months.
The seasonally adjusted estimate for private sector dwellings excluding houses fell 15.0% in April following a rise of 4.5% in the previous month.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved fell 1.0% in April and has fallen for two months. The value of residential building fell 0.1% after rising for 12 months. The value of non-residential building fell 3.3% and has fallen for four months.
The seasonally adjusted estimate of the value of total building approved fell 4.1% in April following a rise of 4.8% in the previous month. The value of residential building fell 3.5% following a rise of 4.7% in the previous month. The value of non-residential building fell 5.4% following a rise of 4.9% in the previous month.