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5609.0 - Housing Finance, Australia, Jan 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/03/2008   
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JANUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jan 2008
Dec 2007 to Jan 2008
Jan 2008
Dec 2007 to Jan 2008

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
22 710
0.9
23 166
3.7
Owner occupied housing
15 775
0.8
15 928
1.7
Investment housing - fixed loans(b)
6 935
1.2
7 237
8.3
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
66 981
1.2
67 886
2.3
Construction of dwellings
4 822
0.3
4 826
2.7
Purchase of new dwellings
2 314
-4.4
2 265
-4.9
Purchase of established dwellings
59 845
1.4
60 795
2.6

(a) Includes refinancing.
(b) Excludes revolving credit.

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

Number of dwelling commitments, Owner occupied housing
Graph: Number of dwelling commitments, Owner occupied housing




JANUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

January 2008 COMPARED WITH December 2007:
  • In trend terms, total value of dwelling finance commitments excluding alterations and additions increased by 0.9%. Investment housing commitments rose 1.2% and owner occupied housing commitments increased by 0.8%.
  • In seasonally adjusted terms, total value of dwelling finance commitments excluding alterations and additions increased 3.7%. Investment housing commitments increased 8.3% and owner occupied housing commitments increased 1.7%.


NUMBER OF DWELLING COMMITMENTS

January 2008 COMPARED WITH December 2007:
  • In trend terms, the number of commitments for refinancing of established dwellings rose 3.3% and the seasonally adjusted series increased 6.0%.
  • In trend terms, the number of commitments for owner occupied housing finance increased by 1.2% while the number of commitments for owner occupied housing finance excluding refinancing rose by 0.2%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 18.4% in December 2007 to 18.0% in January 2008.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 23.4% in December 2007 to 22.3% in January 2008.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2008 14 April 2008
March 2008 12 May 2008
April 2008 10 June 2008
May 2008 9 July 2008
June 2008 6 August 2008
July 2008 9 September 2008



REVISIONS

Revisions were made to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Philip Beresford on Canberra (02) 6252 6052.


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