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5609.0 - Housing Finance, Australia, Oct 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/12/2008   
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OCTOBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Oct 2008
Sep 2008 to Oct 2008
Oct 2008
Sep 2008 to Oct 2008

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
17 377
-0.4
17 650
1.9
Owner occupied housing
12 029
-0.3
12 262
2.4
Investment housing - fixed loans(b)
5 348
-0.8
5 388
0.7
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
47 507
-1.0
48 299
1.3
Construction of dwellings
3 840
-1.6
3 871
-2.0
Purchase of new dwellings
1 698
0.3
1 765
3.5
Purchase of established dwellings
41 969
-1.0
42 663
1.6

(a) Includes refinancing.
(b) 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




OCTOBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

October 2008 compared with September 2008:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.4%. Investment housing commitments decreased 0.8% and owner occupied housing commitments decreased 0.3%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 1.9%. Owner occupied housing commitments increased 2.4% and investment housing commitments increased 0.7%.


NUMBER OF DWELLING COMMITMENTS

October 2008 compared with September 2008:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 1.0%. The number of commitments for owner occupied housing finance excluding refinancing fell 0.3%.
  • In trend terms, the total number of commitments for the refinancing of established dwellings fell 2.5%, while the seasonally adjusted series increased 3.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 19.7% in September 2008 to 19.5% in October 2008.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 3.3% in September 2008 to 3.0% in October 2008.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2008 14 January 2009
December 2008 11 February 2009
January 2009 11 March 2009
February 2009 8 April 2009
March 2009 12 May 2009
April 2009 10 June 2009



CHANGES TO FORTHCOMING ISSUES

The November 2008 issue of Housing Finance, Australia (5609.0) will contain revisions to estimates due to the 2008 annual seasonal reanalysis.


REVISIONS

Revisions have been made in this month's issue to include the latest available administrative and survey data.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Susan Schemen on Canberra (02) 6252 5171.


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