5609.0 - Housing Finance, Australia, February 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/04/2017   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2017
Jan 2017 to Feb 2017
Feb 2017
Jan 2017 to Feb 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
33 530
0.4
32 920
-2.7
Owner occupied housing
20 099
0.2
19 997
-0.5
Investment housing - fixed loans(c)
13 431
0.7
12 923
-5.9

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
55 070
0.3
54 816
-0.5
Construction of dwellings
5 618
-0.1
5 634
1.7
Purchase of new dwellings
2 761
0.0
2 618
-7.1
Purchase of established dwellings
46 691
0.4
46 564
-0.4

(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




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

February 2017 compared with January 2017:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.4%. Investment housing commitments rose 0.7% and owner occupied housing commitments rose 0.2%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 2.7%.


NUMBER OF DWELLING COMMITMENTS

February 2017 compared with January 2017:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.3% in February 2017.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 0.4%, while the number of commitments for the construction of dwellings fell 0.1% and the number of commitments for the purchase of new dwellings was flat.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.3% in February 2017 from 13.4% in January 2017. The number of first home buyer commitments rose by 7.5% to 6,596 in February from 6,136 in January; the number of non-first home buyer commitments also rose.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2017 15 May 2017
April 2017 9 June 2017
May 2017 11 July 2017
June 2017 9 August 2017
July 2017 8 September 2017
August 2017 12 October 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:
  • Housing loan outstandings to households for owner occupation series for the periods May 2016 to January 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.