JUNE KEY FIGURES
| Trend estimates | Seasonally adjusted estimates | |
| Jun 2008 | May 2008 to Jun 2008 | Jun 2008 | May 2008 to Jun 2008 | |
| |
Value of dwelling commitments(a) | $m | % change | $m | % change | |
Total dwellings | 18 010 | -3.4 | 18 047 | -0.9 | |
Owner occupied housing | 12 470 | -3.6 | 12 467 | -1.1 | |
Investment housing - fixed loans(b) | 5 540 | -3.0 | 5 580 | -0.3 | |
Number of dwelling commitments(a) | no. | % change | no. | % change | |
Owner occupied housing | 51 218 | -4.5 | 50 294 | -3.7 | |
Construction of dwellings | 4 334 | -1.9 | 4 245 | -2.7 | |
Purchase of new dwellings | 1 724 | -4.3 | 1 776 | 6.9 | |
Purchase of established dwellings | 45 160 | -4.7 | 44 273 | -4.2 | |
| |
(a) Includes refinancing. |
(b) Excludes revolving credit. |
Value of dwelling commitments, Total dwellings
| No. of dwelling commitments, Owner occupied housing
|
JUNE KEY POINTS
VALUE OF DWELLING COMMITMENTS
June 2008 compared with May 2008:
- In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 3.4%. Owner occupied housing commitments decreased 3.6% and investment housing commitments decreased by 3.0%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.9%. Owner occupied housing commitments decreased 1.1% and investment housing commitments decreased 0.3%.
NUMBER OF DWELLING COMMITMENTS
June 2008 compared with May 2008:
- In trend terms, the number of commitments for owner occupied housing finance decreased 4.5%. The number of commitments for owner occupied housing finance excluding refinancing fell 4.8%.
- In trend terms, the total number of commitments for the purchase of established dwellings fell 4.7% and the seasonally adjusted series decreased 4.2%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 17.3% in May 2008 to 17.6% in June 2008.
- In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 13.0% in May 2008 to 11.7% in June 2008.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
July 2008 | 9 September 2008 |
August 2008 | 8 October 2008 |
September 2008 | 10 November 2008 |
October 2008 | 10 December 2008 |
November 2008 | 14 January 2009 |
December 2008 | 11 February 2009 |
REVISIONS
Revisions have been made in this month's issue to include the latest available administrative and survey data.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Susan Schemen on Canberra (02) 6252 5171.