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5609.0 - Housing Finance, Australia, Feb 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/04/2007   
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16/04/2007 Note: Table 14a to be replaced at 11:30 am on 16 April 2007 due to misleading data item descriptions. No data were in error.


FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2007
Jan 2007
to Feb 2007
Feb 2007
Jan 2007
to Feb 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
20 372
1.5
20 852
3.3
Owner occupied housing
14 146
0.8
14 257
0.9
Investment housing - fixed loans(b)
6 226
3.1
6 595
8.9
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
62 089
0.2
62 369
0.3
Construction of dwellings
4 566
-
4 531
-1.7
Purchase of new dwellings
2 713
0.4
2 781
0.9
Purchase of established dwellings
54 810
0.2
55 057
0.4

- nil or rounded to zero (including null cells)
(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



FEBRUARY KEY POINTS


TREND ESTIMATES

February 2007 COMPARED WITH January 2007:

  • Total value of dwelling finance commitments excluding alterations and additions increased by 1.5%. The value of owner occupied housing commitments increased by 0.8%, while the value of investment housing commitments increased by 3.1%.
  • The number of commitments for owner occupied housing finance increased by 0.2%, while the number excluding refinancing increased by 0.7%.


SEASONALLY ADJUSTED ESTIMATES

February 2007 COMPARED WITH January 2007:
  • Total value of dwelling finance commitments excluding alterations and additions increased 3.3%. Owner occupied housing commitments increased 0.9%, while investment housing commitments rose 8.9%. The number of commitments for owner occupied housing finance increased by 0.3%, while the number excluding refinancing increased by 1.5%.


ORIGINAL ESTIMATES
  • The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 17.7% in January 2007 to 17.5% in February 2007. The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 20.5% in January 2007 to 20.4% in February 2007.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2007 14 May 2007
April 2007 8 June 2007
May 2007 10 July 2007
June 2007 8 August 2007
July 2007 7 September 2007
August 2007 10 October 2007



REVISIONS

Minor revisions were made to January 2007 data to incorporate the latest available administrative and survey data.



CHANGES IN FORTHCOMING ISSUES

The format of the datacube tables 14 and 15 for this publication is to be changed to align with the current standard for excel spreadsheets (i.e. in .xls format). The new format will be available as tables 14a and 15a with tables 14, 15 and 14a, 15a released for the February and March 2007 issues of 5609.0. Tables 14 and 15 will be withdrawn from the April 2007 issue. Tables 14a and 15a will then be renumbered to Tables 14 and 15.



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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