5609.0 - Housing Finance, Australia, Aug 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/10/2013   
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AUGUST KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Aug 2013
Jul 2013 to Aug 2013
Aug 2013
Jul 2013 to Aug 2013

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
24 081
0.5
23 835
-1.2
Owner occupied housing
15 299
0.4
15 038
-1.9
Investment housing - fixed loans(c)
8 781
0.8
8 797
0.0
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
51 275
0.6
49 912
-3.9
Construction of dwellings
5 372
0.1
5 393
2.2
Purchase of new dwellings
3 031
0.3
2 954
-4.0
Purchase of established dwellings
42 872
0.7
41 566
-4.6

(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




AUGUST KEY POINTS


VALUE OF DWELLING COMMITMENTS

August 2013 compared with July 2013:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.5%. Investment housing commitments rose 0.8% and owner occupied housing commitments rose 0.4%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.2%.


NUMBER OF DWELLING COMMITMENTS

August 2013 compared with July 2013:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.6%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 0.7%, the number of commitments for the purchase of new dwellings rose 0.3% and the number of commitments for the construction of dwellings rose 0.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.7% in August 2013 from 14.7% in July 2013.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2013 11 November 2013
October 2013 10 December 2013
November 2013 13 January 2014
December 2013 11 February 2014
January 2014 12 March 2014
February 2014 9 April 2014



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 impacted on:
  • Owner occupied housing for July 2013
  • Investment housing for July 2013
  • Housing loan outstandings to households for the periods January 2008 to February 2009 and June 2013 to July 2013.

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 Elaine Lau on Sydney (02) 9268 4067.