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5609.0 - Housing Finance, Australia, Jul 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/09/2007   
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JULY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jul 2007
Jun 2007 to Jul 2007
Jul 2007
Jun 2007 to Jul 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
23 249
1.6
22 537
-7.4
Owner occupied housing
15 673
0.9
15 086
-7.7
Investment housing - fixed loans(b)
7 576
3.0
7 451
-6.8
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
65 427
-0.1
63 599
-4.1
Construction of dwellings
4 535
-0.1
4 481
-3.3
Purchase of new dwellings
3 106
1.1
3 102
-1.3
Purchase of established dwellings
57 786
-0.2
56 016
-4.3

(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



JULY KEY POINTS


TREND ESTIMATES

July 2007 COMPARED WITH June 2007:

  • Total value of dwelling finance commitments excluding alterations and additions increased by 1.6%. The value of owner occupied housing commitments increased by 0.9%, while the value of investment housing commitments increased by 3.0%.
  • The number of commitments for owner occupied housing finance decreased by 0.1%, while the number excluding refinancing increased by 0.6%.


SEASONALLY ADJUSTED ESTIMATES

July 2007 COMPARED WITH June 2007:
  • Total value of dwelling finance commitments excluding alterations and additions decreased 7.4%. Owner occupied housing commitments decreased 7.7%, and investment housing commitments decreased 6.8%.
  • The number of commitments for owner occupied housing finance decreased by 4.1%, and the number excluding refinancing decreased by 3.4%.


ORIGINAL ESTIMATES
  • The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 16.7% in June 2007 to 17.4% in July 2007.
  • The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 17.0% in June 2007 to 14.8% in July 2007.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2007 10 October 2007
September 2007 7 November 2007
October 2007 10 December 2007
November 2007 16 January 2008
December 2007 11 February 2008
January 2008 11 March 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 Michael Abbondante on Canberra (02) 6252 6707.


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