5609.0 - Housing Finance, Australia, Sep 2010 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/11/2010   
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SEPTEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Sep 2010
Aug 2010 to Sep 2010
Sep 2010
Aug 2010 to Sep 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 318
0.0
20 386
1.0
Owner occupied housing
13 695
0.7
13 752
0.6
Investment housing - fixed loans(c)
6 623
-1.4
6 634
1.7
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
47 819
0.7
48 333
1.3
Construction of dwellings
4 726
-0.7
4 809
0.5
Purchase of new dwellings
2 221
-0.3
2 155
-3.2
Purchase of established dwellings
40 872
1.0
41 369
1.6

(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




SEPTEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

September 2010 compared with August 2010:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions was flat (0.0%). Investment housing commitments fell 1.4%, while owner occupied housing commitments rose 0.7%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.0%.


NUMBER OF DWELLING COMMITMENTS

September 2010 compared with August 2010:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.7%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 1.0%, while the number of commitments for the construction of dwellings fell 0.7% and the number of commitments for the purchase of new dwellings fell 0.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose from 15.5% in August 2010 to 15.9% in September 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2010 8 December 2010
November 2010 12 January 2011
December 2010 14 February 2011
January 2011 9 March 2011
February 2011 6 April 2011
March 2011 16 May 2011



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 impact on:
  • Owner occupied housing for August 2010;
  • Investment housing for the period July 2010 to August 2010; and
  • Housing loan outstandings to households for the period January 2009 to August 2010.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Wolfgang Hertel on Canberra (02) 6252 7883.