|Page tools: Print Page Print All RSS Search this Product|
Housing market demand can be reflected in the value of housing finance commitments (i.e mortgages). Since 1999-00, the value of finance commitments for owner occupier households in NSW has grown at a relatively steady rate. The value of investor dwelling commitments grew more rapidly to a peak in 2003, representing over 50% of the value of commitments, then declined to 2006-07 (40% of commitments).
The combined value of housing finance commitments (owner occupiers and investors) rose to a peak in 2003-04, followed by a brief decline and slower growth since. This reflects the pattern of movement in the established house price index in Sydney.
New housing approvals and completions help maintain the available supply of housing. In recent years there has been a marked decline in the number of new houses approved and completed in NSW. In 2006-07, the number of houses approved for construction had decreased by 43% compared with 2001-02 (11,758 fewer houses approved in 2006-07). The introduction of The New Taxation System (TNTS) in Australia in July 2000, which incorporated the Goods and Services Tax (GST) and the First Home Owners Grant (FHOG) scheme had a marked impact on the industry between 1999-00 and 2001-02.
ABS 2006 Census of Population and Housing
Australian Census Analytic Program: Counting the Homeless (cat. no. 2050.0)
Australian Institute of Health and Welfare (AIHW), Homeless People in SAAP: SAAP National Data Collection Annual Report 2005-06, NSW Supplementary Tables (AIHW cat. no. HOU 157)
Building Activity, Australia (cat. no. 8752.0)
Building Approvals, Australia (cat. no. 8731.0)
House Price Indexes, Eight Capital Cities (cat. no. 6416.0)
Housing Finance, Australia (cat. no. 5609.0)
Housing Occupancy and Costs, Australia (cat. no. 4130.0.55.001)
Lending Finance, Australia (cat. no. 5671.0)
NSW Department of Housing, 2006-07 Annual Report
Real Estate Institute NSW (REINSW), Rental Vacancy Survey
Reserve Bank Bulletin, Table F05, Indicator Lending Rates
These documents will be presented in a new window.