5609.0 - Housing Finance, Australia, January 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/03/2017   
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JANUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jan 2017
Dec 2016 to Jan 2017
Jan 2017
Dec 2016 to Jan 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
33 730
1.1
33 911
1.5
Owner occupied housing
20 124
0.5
20 128
-0.2
Investment housing - fixed loans(c)
13 606
1.9
13 784
4.2

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
54 953
0.6
55 153
0.5
Construction of dwellings
5 589
0.1
5 522
-1.4
Purchase of new dwellings
2 851
1.7
2 855
-0.3
Purchase of established dwellings
46 514
0.5
46 775
0.8

(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




JANUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

January 2017 compared with December 2016:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.1%. Investment housing commitments rose 1.9% and owner occupied housing commitments rose 0.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.5%.


NUMBER OF DWELLING COMMITMENTS

January 2017 compared with December 2016:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.6% in January 2017.
  • In trend terms, the number of commitments for the purchase of new dwellings rose 1.7%, the number of commitments for the purchase of established dwellings rose 0.5% and the number of commitments for the construction of dwellings rose 0.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.4% in January 2017 from 13.8% in December 2016.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2017 10 April 2017
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



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 October 2016 to December 2016.
  • Housing loan outstandings to households for owner occupation and investment housing by lender for November and December 2016.


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INQUIRIES

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