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5609.0 - Housing Finance, Australia, Oct 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/12/2011   
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OCTOBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Oct 2011
Sep 2011 to Oct 2011
Oct 2011
Sep 2011 to Oct 2011

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 812
0.0
20 458
-2.5
Owner occupied housing
14 514
0.0
14 377
-1.2
Investment housing - fixed loans(c)
6 298
0.0
6 081
-5.5
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
51 831
0.7
51 981
0.7
Construction of dwellings
4 706
-0.5
4 646
-1.7
Purchase of new dwellings
2 219
0.4
2 210
0.1
Purchase of established dwellings
44 906
0.9
45 125
0.9

(a) Includes refinancing (see Glossary).
(b) Excludes alterations and additions.
(c) 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




OCTOBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

October 2011 compared with September 2011:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions was flat (0.0%). Owner occupied housing commitments and investment housing commitments were both flat (0.0%).
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 2.5%.


NUMBER OF DWELLING COMMITMENTS

October 2011 compared with September 2011:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.7%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 0.9% and the number of commitments for the purchase of new dwellings rose 0.4%, while the number of commitments for the construction of dwellings fell 0.5%.
  • In seasonally adjusted terms, the number of commitments for owner occupied housing finance rose 0.7%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 17.9% in October 2011 from 16.4% in September 2011.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2011 16 January 2012
December 2011 13 February 2012
January 2012 13 March 2012
February 2012 11 April 2012
March 2012 14 May 2012
April 2012 8 June 2012



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have impacted on:
  • Owner occupied housing for the periods July 2011 and August 2011.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Andriy Opryshko on Canberra (02) 6252 5223.


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