FEBRUARY KEY FIGURES
| Trend estimates | Seasonally adjusted estimates |
| Feb 2012 | Jan 2012 to Feb 2012 | Feb 2012 | Jan 2012 to Feb 2012 |
|
Value of dwelling commitments(a)(b) | $m | % change | $m | % change |
Total dwellings | 20 576 | 0.1 | 20 295 | -1.3 |
Owner occupied housing | 13 768 | 0.0 | 13 410 | -4.0 |
Investment housing - fixed loans(c) | 6 808 | 0.4 | 6 885 | 4.4 |
Number of dwelling commitments(a)(b) | no. | % change | no. | % change |
Owner occupied housing | 47 361 | 0.0 | 46 322 | -2.5 |
Construction of dwellings | 5 070 | 1.0 | 5 175 | 3.1 |
Purchase of new dwellings | 1 880 | -2.2 | 1 734 | -10.4 |
Purchase of established dwellings | 40 411 | 0.0 | 39 414 | -2.8 |
|
(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
|
FEBRUARY KEY POINTS
VALUE OF DWELLING COMMITMENTS
February 2012 compared with January 2012:
- The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.1%. Investment housing commitments rose 0.4%, while owner occupied housing commitments was flat (0.0%).
- In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.3%.
NUMBER OF DWELLING COMMITMENTS
February 2012 compared with January 2012:
- In trend terms, the number of commitments for owner occupied housing finance was flat (0.0%).
- In trend terms, the number of commitments for the construction of dwellings rose 1.0%, while the number of commitments for the purchase of established dwellings was flat (0.0%) and the number of commitments for the purchase of new dwellings fell 2.2%.
- In seasonally adjusted terms, the number of commitments for owner occupied housing finance fell 2.5%.
- In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 17.2% in February 2012 from 20.3% in January 2012.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
March 2012 | 14 May 2012 |
April 2012 | 8 June 2012 |
May 2012 | 11 July 2012 |
June 2012 | 8 August 2012 |
July 2012 | 10 September 2012 |
August 2012 | 15 October 2012 |
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 impacted on:
- Owner occupied housing for the period November 2011 to January 2012
- Investment housing for November 2011.
Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Steve Sykes on Canberra (02) 6252 6446.