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5609.0 - Housing Finance, Australia, Feb 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/04/2012   
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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
Graph: Value of dwelling commitments, Total dwellings

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


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