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5609.0 - Housing Finance, Australia, Jul 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/09/2008   
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JULY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jul 2008
Jun 2008 to Jul 2008
Jul 2008
Jun 2008 to Jul 2008

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
17 701
-2.4
18 175
0.6
Owner occupied housing
12 202
-2.6
12 474
-0.1
Investment housing - fixed loans(b)
5 500
-1.9
5 701
2.3
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
49 353
-3.7
50 279
-0.2
Construction of dwellings
4 172
-2.2
4 136
-1.7
Purchase of new dwellings
1 684
-3.0
1 724
-3.1
Purchase of established dwellings
43 497
-3.9
44 419
0.1

(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 2008 compared with June 2008:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 2.4%. Owner occupied housing commitments decreased 2.6% and investment housing commitments decreased 1.9%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.6%. Investment housing commitments increased 2.3%, while owner occupied housing commitments decreased 0.1%.


NUMBER OF DWELLING COMMITMENTS

July 2008 compared with June 2008:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 3.7%. The number of commitments for owner occupied housing finance excluding refinancing fell 3.9%.
  • In trend terms, the total number of commitments for the purchase of established dwellings fell 3.9%, while the seasonally adjusted series increased 0.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 17.6% in June 2008 to 18.6% in July 2008.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 11.7% in June 2008 to 8.8% in July 2008.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2008 8 October 2008
September 2008 10 November 2008
October 2008 10 December 2008
November 2008 14 January 2009
December 2008 11 February 2009
January 2009 11 March 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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