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5609.0 - Housing Finance, Australia, Oct 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2010   
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OCTOBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Oct 2010
Sep 2010 to Oct 2010
Oct 2010
Sep 2010 to Oct 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 557
0.3
20 901
2.2
Owner occupied housing
13 948
0.9
14 161
2.8
Investment housing - fixed loans(c)
6 609
-0.8
6 739
1.1
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
48 698
0.9
49 307
1.9
Construction of dwellings
4 754
-0.2
4 816
0.1
Purchase of new dwellings
2 276
0.3
2 380
9.4
Purchase of established dwellings
41 667
1.1
42 111
1.8

(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 2010 compared with September 2010:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions increased 0.3%. Owner occupied housing commitments rose 0.9%, while investment housing commitments fell 0.8%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.2%.


NUMBER OF DWELLING COMMITMENTS

October 2010 compared with September 2010:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.9%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 1.1% and the number of commitments for the purchase of new dwellings rose 0.3%, 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 fell from 15.9% in September 2010 to 15.4% in October 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2010 12 January 2011
December 2010 14 February 2011
January 2011 9 March 2011
February 2011 6 April 2011
March 2011 16 May 2011
April 2011 8 June 2011



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 impact on:
  • Owner occupied housing commitments advanced, cancelled and not advanced for the period August 2010 and September 2010;
  • Investment housing for the period August 2010 and September 2010; and
  • Housing loan outstandings to households for the period September 2009 to September 2010.

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.


CHANGES IN FORTHCOMING ISSUES

The seasonally adjusted and trend estimates of housing finance will be revised in the December 2010 issue as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and assesses the appropriateness of any prior corrections. Please refer to paragraph 25 of the explanatory notes for more information regarding seasonal re-analysis.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Wolfgang Hertel on Canberra (02) 6252 7883.


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