5609.0 - Housing Finance, Australia, April 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 09/06/2017   
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APRIL KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Apr 2017
Mar 2017 to Apr 2017
Apr 2017
Mar 2017 to Apr 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
32 833
-0.4
32 474
-1.6
Owner occupied housing
20 020
-0.1
19 892
-1.1
Investment housing - fixed loans(c)
12 813
-1.0
12 582
-2.3

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
53 865
-0.5
53 062
-1.9
Construction of dwellings
5 772
0.6
5 864
2.1
Purchase of new dwellings
2 772
-0.1
2 755
-3.0
Purchase of established dwellings
45 322
-0.7
44 443
-2.3

(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




APRIL KEY POINTS


VALUE OF DWELLING COMMITMENTS

April 2017 compared with March 2017:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.4%. Owner occupied housing commitments fell 0.1% and investment housing commitments fell 1.0%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.6%.


NUMBER OF DWELLING COMMITMENTS

April 2017 compared with March 2017:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.5% in April 2017.
  • In trend terms, the number of commitments for the purchase of established dwellings fell 0.7%, the number of commitments for the purchase of new dwellings fell 0.1%, while the number of commitments for the construction of dwellings rose 0.6%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.9% in April 2017 from 13.5% in March 2017. The number of first home buyer commitments decreased by 17.5% to 6,547 in April from 7,939 in March; the number of non-first home buyer commitments also decreased.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
May 2017 11 July 2017
June 2017 9 August 2017
July 2017 8 September 2017
August 2017 12 October 2017
September 2017 9 November 2017
October 2017 8 December 2017



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 affected the following series:
  • Owner occupied housing for the month of March 2017.
  • Investment housing for the month of March 2017.
  • Housing loan outstandings to households for owner occupation series for the periods January 2017 to March 2017.


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INQUIRIES

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