5609.0 - Housing Finance, Australia, May 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/07/2017   
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WHAT IF...? REVISIONS TO TREND ESTIMATES


EFFECT OF NEW SEASONALLY ADJUSTED ESTIMATES ON TREND ESTIMATES


SENSITIVITY ANALYSIS

Readers should exercise care when interpreting the trend estimates of recent months because they will be revised when next month’s seasonally adjusted estimates become available. For further information, see paragraphs 30 and 31 in the Explanatory Notes.

The graph below presents the effect of two possible scenarios on the trend estimates:

1 The June 2017 seasonally adjusted estimate of the number of dwelling commitments is higher than the May 2017 seasonally adjusted estimate by 2.1%.

2 The June 2017 seasonally adjusted estimate of the number of dwelling commitments is lower than the May 2017 seasonally adjusted estimate by 2.1%.

The percentage change chosen is the average absolute percentage change of the seasonally adjusted series, based on the last 10 years of data.

Number of Owner Occupied Dwelling Finance Commitments

Graph: Sensitivity Analysis

What if next month's seasonally adjusted estimate:
Trend as published
(1) rises by 2.1% on this month
(2) falls by 2.1% on this month
no.
% change
no.
% change
no.
% change
November 2016
54 506
0.4
54 506
0.4
54 506
0.4
December 2016
54 709
0.4
54 687
0.3
54 729
0.4
January 2017
54 757
0.1
54 729
0.1
54 803
0.1
February 2017
54 616
-0.3
54 604
-0.2
54 641
-0.3
March 2017
54 409
-0.4
54 452
-0.3
54 355
-0.5
April 2017
54 197
-0.4
54 349
-0.2
54 028
-0.6
May 2017
53 974
-0.4
54 304
-0.1
53 701
-0.6