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5609.0 - Housing Finance, Australia, Sep 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/11/2008   
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SEPTEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Sep 2008
Aug 2008 to Sep 2008
Sep 2008
Aug 2008 to Sep 2008

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
17 238
-1.1
17 209
-1.6
Owner occupied housing
11 876
-1.2
11 891
-1.9
Investment housing - fixed loans(b)
5 362
-0.9
5 317
-1.1
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
47 340
-1.9
47 435
-2.7
Construction of dwellings
3 906
-1.9
3 963
2.0
Purchase of new dwellings
1 643
-0.8
1 686
3.6
Purchase of established dwellings
41 791
-1.9
41 786
-3.3

(a) Includes refinancing.
(b) 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




SEPTEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

September 2008 compared with August 2008:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.1%. Owner occupied housing commitments decreased 1.2% and investment housing commitments decreased 0.9%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.6%. Owner occupied housing commitments decreased 1.9% and investment housing commitments decreased 1.1%.


NUMBER OF DWELLING COMMITMENTS

September 2008 compared with August 2008:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 1.9%. The number of commitments for owner occupied housing finance excluding refinancing fell 1.3%.
  • In trend terms, the total number of commitments for the refinancing of established dwellings fell 3.0% and the seasonally adjusted series decreased 8.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 18.6% in August 2008 to 19.7% in September 2008.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 4.6% in August 2008 to 3.3% in September 2008.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2008 10 December 2008
November 2008 14 January 2009
December 2008 11 February 2009
January 2009 11 March 2009
February 2009 8 April 2009
March 2009 12 May 2009



REVISIONS

Revisions have been made in this month's issue 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 Susan Schemen on Canberra (02) 6252 5171.


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