5609.0 - Housing Finance, Australia, May 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 11/07/2017   
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MAY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
May 2017
Apr 2017 to May 2017
May 2017
Apr 2017 to May 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
32 848
-0.3
33 032
1.3
Owner occupied housing
20 423
0.4
20 717
2.9
Investment housing - fixed loans(c)
12 425
-1.5
12 315
-1.4

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
53 974
-0.4
54 061
1.0
Construction of dwellings
5 911
1.0
6 024
2.4
Purchase of new dwellings
2 823
0.4
2 886
3.7
Purchase of established dwellings
45 240
-0.6
45 152
0.7

(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




MAY KEY POINTS


VALUE OF DWELLING COMMITMENTS

May 2017 compared with April 2017:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.3%. Owner occupied housing commitments rose 0.4%, while investment housing commitments fell 1.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.3%.


NUMBER OF DWELLING COMMITMENTS

May 2017 compared with April 2017:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.4% in May 2017.
  • In trend terms, while the number of commitments for the construction of dwellings rose 1.0% and the number of commitments for the purchase of new dwellings rose 0.4%, the number of commitments for the purchase of established dwellings fell 0.6%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 14.0% in May 2017 from 13.8% in April 2017.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2017 9 August 2017
July 2017 8 September 2017
August 2017 12 October 2017
September 2017 9 November 2017
October 2017 8 December 2017
November 2017 17 January 2018



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 housing for the periods March 2017 and April 2017
  • Housing loan outstandings to households for owner occupation series for the periods June 2016 to November 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.