OCTOBER KEY FIGURES
| Trend estimates | Seasonally adjusted estimates |
| Oct 2016 | Sep 2016 to Oct 2016 | Oct 2016 | Sep 2016 to Oct 2016 |
Value of dwelling commitments(a)(b) |
|
| $m | % change | $m | % change |
Total dwellings | 32 165 | 0.3 | 32 224 | -0.2 |
Owner occupied housing | 19 680 | -0.5 | 19 684 | -0.8 |
Investment housing - fixed loans(c) | 12 485 | 1.5 | 12 541 | 0.7 |
Number of dwelling commitments(a)(b) |
|
| no. | % change | no. | % change |
Owner occupied housing | 53 540 | -0.9 | 53 769 | -0.8 |
Construction of dwellings | 5 520 | -0.7 | 5 524 | -0.8 |
Purchase of new dwellings | 2 619 | -0.3 | 2 637 | 0.3 |
Purchase of established dwellings | 45 400 | -1.0 | 45 608 | -0.8 |
|
(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
|
OCTOBER KEY POINTS
VALUE OF DWELLING COMMITMENTS
October 2016 compared with September 2016:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.3%. Investment housing commitments rose 1.5%, while owner occupied housing commitments fell 0.5%.
- In seasonally adjusted terms, the total value of dwelling finance commitments, excluding alterations and additions fell 0.2%.
NUMBER OF DWELLING COMMITMENTS
October 2016 compared with September 2016:
- In trend terms, the number of commitments for owner occupied housing finance fell 0.9% in October 2016.
- In trend terms, the number of commitments for the purchase of established dwellings fell 1.0%, the number of commitments for the construction of dwellings fell 0.7%, and the number of commitments for the purchase of new dwellings fell 0.3%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.7% in October 2016, from 13.1% in September 2016. This rise was driven by a fall in the number of non-first home buyer commitments; the number of first home buyer commitments fell slightly.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
November 2016 | 17 January 2017 |
December 2016 | 10 February 2017 |
January 2017 | 10 March 2017 |
February 2017 | 10 April 2017 |
March 2017 | 15 May 2017 |
April 2017 | 9 June 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 and investment housing from July to September 2016.
- Housing loan outstandings to households (securitisation vehicles and total) for September 2008 to June 2016.
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INQUIRIES
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