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5609.0 - Housing Finance, Australia, Dec 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/02/2012   
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DECEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Dec 2011
Nov 2011 to Dec 2011
Dec 2011
Nov 2011 to Dec 2011

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 744
0.8
21 262
3.8
Owner occupied housing
13 905
0.7
14 125
2.0
Investment housing - fixed loans(c)
6 840
0.9
7 137
7.5
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
47 831
1.1
48 453
2.3
Construction of dwellings
4 882
-0.1
4 952
2.0
Purchase of new dwellings
2 042
0.7
2 088
2.1
Purchase of established dwellings
40 906
1.2
41 414
2.3

(a) Includes refinancing (see Glossary).
(b) Excludes alterations and additions.
(c) Excludes revolving credit.

Value of dwelling commitments, Total dwellings
Graph: Value of dwelling commitments, Total dwellings

No. of dwelling commitments, Owner occupied housing
Graph: No. of dwelling commitments, Owner occupied housing




DECEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

December 2011 compared with November 2011:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.8%. Investment housing commitments rose 0.9% and owner occupied housing commitments rose 0.7%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 3.8%.


NUMBER OF DWELLING COMMITMENTS

December 2011 compared with November 2011:
  • In trend terms, the number of commitments for owner occupied housing finance rose 1.1%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 1.2% and the number of commitments for the purchase of new dwellings rose 0.7%, while the number of commitments for the construction of dwellings fell 0.1%.
  • In seasonally adjusted terms, the number of commitments for owner occupied housing finance rose 2.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 20.9% in December 2011 from 20.0% in November 2011.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2012 13 March 2012
February 2012 11 April 2012
March 2012 14 May 2012
April 2012 8 June 2012
May 2012 11 July 2012
June 2012 8 August 2012



CHANGES IN THIS ISSUE

Seasonal Factors

Seasonally adjusted and trend estimates for housing finance have been revised as a result of the annual seasonal re-analysis which takes account of additional data that have become available since the previous re-analysis.


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 periods October 2011 to November 2011
  • Housing loan outstandings to households for owner occupation series for the periods January 2010 to September 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 Andriy Opryshko on Canberra (02) 6252 5223.


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