5609.0 - Housing Finance, Australia, July 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/09/2017   
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JULY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jul 2017
Jun 2017 to Jul 2017
Jul 2017
Jun 2017 to Jul 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
33 000
0.1
33 027
-0.9
Owner occupied housing
20 838
0.7
20 964
0.9
Investment housing - fixed loans(c)
12 161
-1.0
12 063
-3.9

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
55 220
0.6
56 464
2.9
Construction of dwellings
6 339
2.0
6 448
3.1
Purchase of new dwellings
3 028
2.0
3 076
1.9
Purchase of established dwellings
45 853
0.3
46 939
2.9

(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




JULY KEY POINTS


VALUE OF DWELLING COMMITMENTS

July 2017 compared with June 2017:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.1%. Owner occupied housing commitments rose 0.7% while investment housing commitments fell 1.0%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.9%.


NUMBER OF DWELLING COMMITMENTS

July 2017 compared with June 2017:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.6% in July 2017.
  • In trend terms, the number of commitments for the construction of dwellings rose 2.0%, the number of commitments for the purchase of new dwellings rose 2.0%, and the number of commitments for the purchase of established dwellings rose 0.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 16.6% in July 2017 from 14.9% in June 2017.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2017 12 October 2017
September 2017 9 November 2017
October 2017 8 December 2017
November 2017 17 January 2018
December 2017 9 February 2018
January 2018 13 March 2018



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 periods between May 2017 to June 2017.
  • Housing loan outstandings to households for the period June 2017.
  • Investment housing for the period June 2017.


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INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.