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5609.0 - Housing Finance, Australia, Nov 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/01/2009   
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NOVEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Nov 2008
Oct 2008 to Nov 2008
Nov 2008
Oct 2008 to Nov 2008

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
17 417
-0.1
17 491
-0.9
Owner occupied housing
12 237
0.4
12 460
1.4
Investment housing - fixed loans(b)
5 180
-1.2
5 032
-6.1
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
48 271
0.0
49 192
1.3
Construction of dwellings
3 823
-0.8
3 854
-0.3
Purchase of new dwellings
1 843
3.0
1 971
9.8
Purchase of established dwellings
42 605
-0.1
43 367
1.1

(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




NOVEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

November 2008 compared with October 2008:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.1%. Investment housing commitments decreased 1.2%, while owner occupied housing commitments increased 0.4%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.9%. Investment housing commitments decreased 6.1%, while owner occupied housing commitments increased 1.4%.


NUMBER OF DWELLING COMMITMENTS

November 2008 compared with October 2008:
  • In trend terms, the number of commitments for owner occupied housing finance remained unchanged. The number of commitments for owner occupied housing finance excluding refinancing rose 0.5%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 19.5% in October 2008 to 23.6% in November 2008, the highest proportion since January 2002.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 2.9% in October 2008 to 2.5% in November 2008.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2008 11 February 2009
January 2009 11 March 2009
February 2009 8 April 2009
March 2009 12 May 2009
April 2009 10 June 2009
May 2009 8 July 2009



CHANGES IN THIS ISSUE

Data in this publication has undergone annual seasonal reanalysis, resulting in changes to seasonally adjusted and trend series.


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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