5609.0 - Housing Finance, Australia, Jun 2016 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/08/2016
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JUNE KEY POINTS VALUE OF DWELLING COMMITMENTS June 2016 compared with May 2016:
NUMBER OF DWELLING COMMITMENTS June 2016 compared with May 2016:
NOTES FORTHCOMING ISSUES
REVISIONS In this issue, improved reporting of housing, commercial and personal commitments by a significant bank for the period July 2013 to May 2016 has affected all owner occupier and investment housing statistics in all tables, including first home buyers, the first home buyer ratio and housing loan outstandings, for the period July 2013 to May 2016. These revisions have resulted in a trend break being applied to the following series:
FIRST HOME BUYERS Monthly First Home Buyer statistics will be subject to revision as the modelled component is adjusted to reflect improved reporting by lenders. The ABS is currently investigating the effect of improved reporting on the model and, subject to all institutions providing improved data, expects to revise First Home Buyer statistics in coming months. The revisions will be preceded by an Information Paper explaining the changes. Information relating to changes to the method of estimating loans to first home buyers, introduced from the December 2014 issue, can be found under the First Home Buyers web page and on page 5 of the PDF. First home buyers are defined as persons entering the home ownership market as owner-occupiers for the first time. First time investors are excluded. CHANGES IN THIS ISSUE Market reactions to regulatory measures implemented by APRA in 2015 have resulted in increased volatility in some of the seasonally adjusted estimates included in this publication, particularly the value of finance commitments or owner occupied housing and investor housing. Care should be taken in interpreting the movements for this reference period, as the seasonally adjusted estimates may be revised in future periods. In addition, some banks have been reclassifying housing loans that originated as investment loans to owner occupied. This reclassification affects Table 12 Housing Loan Outstandings to Households only. PRIVACY The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS. INQUIRIES For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070. Document Selection These documents will be presented in a new window.
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