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5609.0 - Housing Finance, Australia, Feb 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/04/2009   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2009
Jan 2009 to Feb 2009
Feb 2009
Jan 2009 to Feb 2009

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
19 086
1.7
19 229
1.3
Owner occupied housing
14 281
2.8
14 509
2.7
Investment housing - fixed loans(b)
4 805
-1.5
4 720
-2.8
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
55 847
2.5
56 235
0.4
Construction of dwellings
4 455
2.7
4 557
2.6
Purchase of new dwellings
2 360
4.5
2 364
4.2
Purchase of established dwellings
49 032
2.4
49 315
0.0

(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




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

February 2009 compared with January 2009:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions increased 1.7%. Owner occupied housing commitments increased 2.8%, while investment housing commitments decreased 1.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 1.3%. Owner occupied housing commitments increased 2.7%, while investment housing commitments decreased 2.8%.


NUMBER OF DWELLING COMMITMENTS

February 2009 compared with January 2009:
  • In trend terms, the number of commitments for owner occupied housing finance increased 2.5%. The number of commitments for owner occupied housing finance excluding refinancing rose 3.2%.
  • In trend terms, the number of commitments for the purchase of new dwellings increased 4.5%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 26.5% in January 2009 to 26.9% in February 2009, the highest proportion since the series commenced in 1991.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 3.8% in January 2009 to 2.7% in February 2009.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2009 12 May 2009
April 2009 10 June 2009
May 2009 8 July 2009
June 2009 10 August 2009
July 2009 9 September 2009
August 2009 7 October 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 Philip Beresford on Canberra (02) 6252 6052.


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