5609.0 - Housing Finance, Australia, November 2016 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2017   
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NOVEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Nov 2016
Oct 2016 to Nov 2016
Nov 2016
Oct 2016 to Nov 2016

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
32 723
0.6
33 199
2.2
Owner occupied housing
19 809
0.0
19 930
0.4
Investment housing - fixed loans(c)
12 914
1.7
13 269
4.9

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
53 969
-0.1
54 603
0.9
Construction of dwellings
5 621
0.2
5 710
2.3
Purchase of new dwellings
2 691
0.7
2 755
3.3
Purchase of established dwellings
45 657
-0.2
46 139
0.6

(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




NOVEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

November 2016 compared with October 2016:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.7%, while owner occupied housing commitments was flat.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.2%.


NUMBER OF DWELLING COMMITMENTS

November 2016 compared with October 2016:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.1% in November 2016.
  • In trend terms, the number of commitments for the purchase of new dwellings rose 0.7%, the number of commitments for the construction of dwellings rose 0.2%, and the number of commitments for the purchase of established dwellings fell 0.2%.
  • In original terms, the number of first home buyer commitments rose by 13.4% to 8,281 in November from 7,302 in October; the number of non-first home buyer commitments also rose. The number of first home buyers as a percentage of total owner occupier commitments rose from 13.7% to 13.8%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2016 10 February 2017
January 2017 10 March 2017
February 2017 10 April 2017
March 2017 15 May 2017
April 2017 9 June 2017
May 2017 11 July 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 and investment housing from July 2015 to October 2016.
  • First Home Buyers numbers from October 2012 to July 2016 (very small impact).


PRIVACY

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INQUIRIES

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