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5609.0 - Housing Finance, Australia, Jul 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/09/2009   
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JULY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jul 2009
Jun 2009 to Jul 2009
Jul 2009
Jun 2009 to Jul 2009

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
23 145
0.9
22 460
-2.3
Owner occupied housing
17 300
0.8
16 884
-1.7
Investment housing - fixed loans(b)
5 845
1.0
5 576
-4.0
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
64 681
0.5
63 259
-2.0
Construction of dwellings
6 484
2.6
6 323
-0.7
Purchase of new dwellings
2 663
0.6
2 614
-0.5
Purchase of established dwellings
55 534
0.3
54 322
-2.3

(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




JULY KEY POINTS


VALUE OF DWELLING COMMITMENTS

July 2009 compared with June 2009:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.9%. Investment housing commitments increased 1.0% and owner occupied housing commitments increased 0.8%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 2.3%. Decreases were recorded in both investment housing commitments, down 4.0% and owner occupied housing commitments, down 1.7%.


NUMBER OF DWELLING COMMITMENTS

July 2009 compared with June 2009:
  • In trend terms, the number of commitments for owner occupied housing finance increased 0.5%.
  • In trend terms, the number of commitments for the construction of dwellings increased 2.6% and the number of commitments for the purchase of new dwellings increased 0.6%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell, decreasing from 27.1% in June 2009 to 25.7% in July 2009.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 8.0% in June 2009 to 7.2% in July 2009.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2009 7 October 2009
September 2009 9 November 2009
October 2009 9 December 2009
November 2009 12 January 2010
December 2009 10 February 2010
January 2010 10 March 2010



REVISIONS

Revisions were made to the original series from April 2009 to June 2009. Seasonally adjusted and trend series have been revised as a result of revisions to the original series and the incorporation of estimates for the latest month.


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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