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5609.0 - Housing Finance, Australia, Aug 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/10/2007   
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AUGUST KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Aug 2007
Jul 2007 to Aug 2007
Aug 2007
Jul 2007 to Aug 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
22 917
0.4
22 190
-0.3
Owner occupied housing
15 570
0.2
15 315
1.7
Investment housing - fixed loans(b)
7 346
0.7
6 875
-4.5
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
64 684
-0.4
64 365
1.6
Construction of dwellings
4 582
0.3
4 618
2.7
Purchase of new dwellings
3 118
0.8
3 081
-0.2
Purchase of established dwellings
56 984
-0.6
56 666
1.6

(a) Includes refinancing.
(b) Excludes revolving credit.

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

Number of dwelling commitments,
Owner occupied housing
Graph: Number of dwelling commitments, Owner occupied housing



AUGUST KEY POINTS


TREND ESTIMATES

August 2007 COMPARED WITH July 2007:

  • Total value of dwelling finance commitments excluding alterations and additions increased by 0.4%. The value of owner occupied housing commitments increased by 0.2%, while the value of investment housing commitments increased by 0.7%.
  • The number of commitments for owner occupied housing finance decreased by 0.4% and the number excluding refinancing decreased by 0.1%.


SEASONALLY ADJUSTED ESTIMATES

August 2007 COMPARED WITH July 2007:
  • Total value of dwelling finance commitments excluding alterations and additions decreased 0.3%. Owner occupied housing commitments increased 1.7%, while investment housing commitments decreased 4.5%.
  • The number of commitments for owner occupied housing finance increased by 1.6% and the number excluding refinancing increased by 0.6%.


ORIGINAL ESTIMATES
  • The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 17.4% in July 2007 to 17.1% in August 2007.
  • The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments increased from 14.8% in July 2007 to 17.1% in August 2007.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2007 7 November 2007
October 2007 10 December 2007
November 2007 16 January 2008
December 2007 11 February 2008
January 2008 11 March 2008
February 2008 14 April 2008



REVISIONS

Revisions were made 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 Michael Abbondante on Canberra (02) 6252 6707.


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