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5609.0 - Housing Finance, Australia, Nov 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/01/2011   
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NOVEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Nov 2010
Oct 2010 to Nov 2010
Nov 2010
Oct 2010 to Nov 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 790
0.6
21 065
1.2
Owner occupied housing
14 202
1.1
14 465
2.9
Investment housing - fixed loans(c)
6 588
-0.5
6 600
-2.3
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
49 691
1.1
50 526
2.5
Construction of dwellings
4 895
0.7
5 014
2.7
Purchase of new dwellings
2 411
2.3
2 581
9.7
Purchase of established dwellings
42 385
1.1
42 931
2.0

(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




NOVEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

November 2010 compared with October 2010:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Owner occupied housing commitments rose 1.1%, while investment housing commitments fell 0.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.2%.


NUMBER OF DWELLING COMMITMENTS

November 2010 compared with October 2010:
  • 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 new dwellings rose 2.3%, the number of commitments for the purchase of established dwellings rose 1.1% and the number of commitments for the construction of dwellings rose 0.7%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose from 15.4% in October 2010 to 15.6% in November 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2010 14 February 2011
January 2011 9 March 2011
February 2011 6 April 2011
March 2011 16 May 2011
April 2011 8 June 2011
May 2011 11 July 2011



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 impact on:
  • Owner occupied housing for October 2010;
  • Investment housing for September 2010 and October 2010; and
  • Housing loan outstandings to households for the periods January 2009 to July 2010 and September 2010 to October 2010.

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.


CHANGES IN THIS ISSUE

The seasonally adjusted and trend estimates in this publication have been revised as a result of the annual seasonal reanalysis which reviews the seasonal and trading day factors in more detail than possible in the monthly processing cycle and assesses the appropriateness of any prior corrections.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joe Whelan on Canberra (02) 6252 5747.


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