5609.0 - Housing Finance, Australia, October 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 09/12/2016 Released Today  
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OCTOBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Oct 2016
Sep 2016 to Oct 2016
Oct 2016
Sep 2016 to Oct 2016

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
32 165
0.3
32 224
-0.2
Owner occupied housing
19 680
-0.5
19 684
-0.8
Investment housing - fixed loans(c)
12 485
1.5
12 541
0.7

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
53 540
-0.9
53 769
-0.8
Construction of dwellings
5 520
-0.7
5 524
-0.8
Purchase of new dwellings
2 619
-0.3
2 637
0.3
Purchase of established dwellings
45 400
-1.0
45 608
-0.8

(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




OCTOBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

October 2016 compared with September 2016:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.3%. Investment housing commitments rose 1.5%, while owner occupied housing commitments fell 0.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments, excluding alterations and additions fell 0.2%.


NUMBER OF DWELLING COMMITMENTS

October 2016 compared with September 2016:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.9% in October 2016.
  • In trend terms, the number of commitments for the purchase of established dwellings fell 1.0%, the number of commitments for the construction of dwellings fell 0.7%, and the number of commitments for the purchase of new dwellings fell 0.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.7% in October 2016, from 13.1% in September 2016. This rise was driven by a fall in the number of non-first home buyer commitments; the number of first home buyer commitments fell slightly.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2016 17 January 2017
December 2016 10 February 2017
January 2017 10 March 2017
February 2017 10 April 2017
March 2017 15 May 2017
April 2017 9 June 2017



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 affected the following series:
  • Owner-occupied and investment housing from July to September 2016.
  • Housing loan outstandings to households (securitisation vehicles and total) for September 2008 to June 2016.


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INQUIRIES

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