5609.0 - Housing Finance, Australia, Apr 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/06/2014   
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APRIL KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Apr 2014
Mar 2014 to Apr 2014
Apr 2014
Mar 2014 to Apr 2014

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
27 725
0.4
27 890
1.7
Owner occupied housing
16 853
0.4
16 911
1.4
Investment housing - fixed loans(c)
10 873
0.5
10 979
2.3
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
52 081
0.1
52 109
0.0
Construction of dwellings
6 241
1.1
6 163
-1.1
Purchase of new dwellings
2 644
-1.3
2 655
-1.5
Purchase of established dwellings
43 196
0.1
43 290
0.3

(a) Includes refinancing (see Glossary).
(b) Excludes alterations and additions.
(c) Excludes revolving credit.

Value of dwelling commitments, Total dwellings
Graph: Value of dwelling commitments, Total dwellings

No. of dwelling commitments, Owner occupied housing
Graph: No. of dwelling commitments, Owner occupied housing




APRIL KEY POINTS


VALUE OF DWELLING COMMITMENTS

April 2014 compared with March 2014:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.4%. Investment housing commitments rose 0.5% and owner occupied housing commitments rose 0.4%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.7%.


NUMBER OF DWELLING COMMITMENTS

April 2014 compared with March 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 1.1% 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 1.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.3% in April 2014 from 12.6% in March 2014.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
May 2014 11 July 2014
June 2014 8 August 2014
July 2014 9 September 2014
August 2014 10 October 2014
September 2014 10 November 2014
October 2014 10 December 2014



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have impacted on:
  • Investment housing values for the periods December 2013 to March 2014
  • Housing loan outstandings to households for the periods September 2013, December 2013 and March 2014

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.