JULY KEY FIGURES
| Trend estimates | Seasonally adjusted estimates |
| Jul 2017 | Jun 2017 to Jul 2017 | Jul 2017 | Jun 2017 to Jul 2017 |
Value of dwelling commitments(a)(b) |
|
| $m | % change | $m | % change |
Total dwellings | 33 000 | 0.1 | 33 027 | -0.9 |
Owner occupied housing | 20 838 | 0.7 | 20 964 | 0.9 |
Investment housing - fixed loans(c) | 12 161 | -1.0 | 12 063 | -3.9 |
Number of dwelling commitments(a)(b) |
|
| no. | % change | no. | % change |
Owner occupied housing | 55 220 | 0.6 | 56 464 | 2.9 |
Construction of dwellings | 6 339 | 2.0 | 6 448 | 3.1 |
Purchase of new dwellings | 3 028 | 2.0 | 3 076 | 1.9 |
Purchase of established dwellings | 45 853 | 0.3 | 46 939 | 2.9 |
|
(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
|
JULY KEY POINTS
VALUE OF DWELLING COMMITMENTS
July 2017 compared with June 2017:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.1%. Owner occupied housing commitments rose 0.7% while investment housing commitments fell 1.0%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.9%.
NUMBER OF DWELLING COMMITMENTS
July 2017 compared with June 2017:
- In trend terms, the number of commitments for owner occupied housing finance rose 0.6% in July 2017.
- In trend terms, the number of commitments for the construction of dwellings rose 2.0%, the number of commitments for the purchase of new dwellings rose 2.0%, and the number of commitments for the purchase of established dwellings rose 0.3%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 16.6% in July 2017 from 14.9% in June 2017.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
August 2017 | 12 October 2017 |
September 2017 | 9 November 2017 |
October 2017 | 8 December 2017 |
November 2017 | 17 January 2018 |
December 2017 | 9 February 2018 |
January 2018 | 13 March 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 between May 2017 to June 2017.
- Housing loan outstandings to households for the period June 2017.
- Investment housing for the period June 2017.
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INQUIRIES
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