APRIL KEY FIGURES
| Trend estimates | Seasonally adjusted estimates |
| Apr 2017 | Mar 2017 to Apr 2017 | Apr 2017 | Mar 2017 to Apr 2017 |
Value of dwelling commitments(a)(b) |
|
| $m | % change | $m | % change |
Total dwellings | 32 833 | -0.4 | 32 474 | -1.6 |
Owner occupied housing | 20 020 | -0.1 | 19 892 | -1.1 |
Investment housing - fixed loans(c) | 12 813 | -1.0 | 12 582 | -2.3 |
Number of dwelling commitments(a)(b) |
|
| no. | % change | no. | % change |
Owner occupied housing | 53 865 | -0.5 | 53 062 | -1.9 |
Construction of dwellings | 5 772 | 0.6 | 5 864 | 2.1 |
Purchase of new dwellings | 2 772 | -0.1 | 2 755 | -3.0 |
Purchase of established dwellings | 45 322 | -0.7 | 44 443 | -2.3 |
|
(a) Includes refinancing (see Glossary). |
(b) Excludes alterations and additions. |
(c) Excludes revolving credit. |
Value of dwelling commitments, Total dwellings
| No. of dwelling commitments, Owner occupied housing
|
APRIL KEY POINTS
VALUE OF DWELLING COMMITMENTS
April 2017 compared with March 2017:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.4%. Owner occupied housing commitments fell 0.1% and investment housing commitments fell 1.0%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.6%.
NUMBER OF DWELLING COMMITMENTS
April 2017 compared with March 2017:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.5% in April 2017.
- In trend terms, the number of commitments for the purchase of established dwellings fell 0.7%, the number of commitments for the purchase of new dwellings fell 0.1%, while the number of commitments for the construction of dwellings rose 0.6%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.9% in April 2017 from 13.5% in March 2017. The number of first home buyer commitments decreased by 17.5% to 6,547 in April from 7,939 in March; the number of non-first home buyer commitments also decreased.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
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 |
October 2017 | 8 December 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 housing for the month of March 2017.
- Investment housing for the month of March 2017.
- Housing loan outstandings to households for owner occupation series for the periods January 2017 to March 2017.
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INQUIRIES
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