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

Trend estimates
Seasonally adjusted estimates
Sep 2013
Aug 2013 to Sep 2013
Sep 2013
Aug 2013 to Sep 2013

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
24 627
0.8
25 151
5.3
Owner occupied housing
15 507
0.4
15 781
5.3
Investment housing - fixed loans(c)
9 120
1.5
9 370
5.2
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
51 480
0.4
51 928
4.4
Construction of dwellings
5 418
0.3
5 494
1.8
Purchase of new dwellings
2 937
-1.1
2 872
-2.1
Purchase of established dwellings
43 125
0.5
43 562
5.2

(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 2013 compared with August 2013:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.8%. Investment housing commitments rose 1.5% and owner occupied housing commitments rose 0.4%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 5.3%.


NUMBER OF DWELLING COMMITMENTS

September 2013 compared with August 2013:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.4%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 0.5% and the number of commitments for the construction of dwellings rose 0.3%, while the number of commitments for the purchase of new dwellings fell 1.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.5% in September 2013 from 13.7% in August 2013.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
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
March 2014 13 May 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 August 2013
  • Investment housing for May 2012 and June 2012
  • Housing loan outstandings to households for March 2009, June 2009, September 2009 and the periods of June 2012 to August 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 Mohammad Mustafa on Sydney (02) 9268 4378.