JUNE KEY FIGURES
| Trend estimates | Seasonally adjusted estimates |
| Jun 2017 | May 2017 to Jun 2017 | Jun 2017 | May 2017 to Jun 2017 |
Value of dwelling commitments(a)(b) |
|
| $m | % change | $m | % change |
Total dwellings | 32 936 | 0.0 | 33 261 | 0.8 |
Owner occupied housing | 20 582 | 0.5 | 20 738 | 0.3 |
Investment housing - fixed loans(c) | 12 354 | -0.9 | 12 523 | 1.6 |
Number of dwelling commitments(a)(b) |
|
| no. | % change | no. | % change |
Owner occupied housing | 54 028 | -0.2 | 54 404 | 0.5 |
Construction of dwellings | 6 153 | 1.9 | 6 290 | 3.6 |
Purchase of new dwellings | 2 925 | 1.3 | 3 016 | 3.5 |
Purchase of established dwellings | 44 950 | -0.5 | 45 099 | -0.1 |
|
(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
|
JUNE KEY POINTS
VALUE OF DWELLING COMMITMENTS
June 2017 compared with May 2017:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions was flat. Owner occupied housing commitments rose 0.5% while investment housing commitments fell 0.9%.
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.8%.
NUMBER OF DWELLING COMMITMENTS
June 2017 compared with May 2017:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.2% in June 2017.
- In trend terms, the number of commitments for the construction of dwellings rose 1.9% and the number of commitments for the purchase of new dwellings rose 1.3%, while the number of commitments for the purchase of established dwellings fell 0.5%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 15.0% in June 2017 from 14.0% in May 2017.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
July 2017 | 8 September 2017 |
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 |
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 March 2017 to May 2017.
- Housing loan outstandings to households for owner occupation series for the periods April 2017 and May 2017.
- Investment housing for the period April 2017.
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INQUIRIES
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