5609.0 - Housing Finance, Australia, March 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 15/05/2017   
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MARCH KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Mar 2017
Feb 2017 to Mar 2017
Mar 2017
Feb 2017 to Mar 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
33 359
-0.1
33 177
0.9
Owner occupied housing
20 143
0.1
20 180
0.9
Investment housing - fixed loans(c)
13 216
-0.3
12 997
0.8

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
54 807
-0.1
54 468
-0.5
Construction of dwellings
5 696
0.4
5 765
1.8
Purchase of new dwellings
2 801
0.2
2 858
9.6
Purchase of established dwellings
46 310
-0.1
45 845
-1.3

(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




MARCH KEY POINTS


VALUE OF DWELLING COMMITMENTS

March 2017 compared with February 2017:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.1%. Owner occupied housing commitments rose 0.1% while investment housing commitments fell 0.3%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.9%.


NUMBER OF DWELLING COMMITMENTS

March 2017 compared with February 2017:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.1% in March 2017.
  • In trend terms, the number of commitments for the construction of dwellings rose 0.4% and the number of commitments for the purchase of new dwellings rose 0.2%. The number of commitments for the purchase of established dwellings fell 0.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.6% in March 2017 from 13.3% in February 2017.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
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
September 2017 9 November 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 finance from May 2012 to February 2017.
  • Investment housing finance from July 2013 to February 2017.
  • Housing loan outstandings to households for owner occupation series for the periods May 2016 to January 2017.

The number and value of commitments for the purchase of newly erected dwellings have been revised for the period May 2012 to June 2013, and consequentially the number and value of commitments for the purchase of established dwellings have been revised for the same period.


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INQUIRIES

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