5609.0 - Housing Finance, Australia, Aug 2006  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/10/2006   
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WHAT IF...? REVISIONS TO TREND ESTIMATES


EFFECT OF NEW SEASONALLY ADJUSTED ESTIMATES ON TREND ESTIMATES


SENSITIVITY ANALYSIS

Readers should exercise care when interpreting the trend estimates of recent months because they will be revised when next month’s seasonally adjusted estimates become available. For further information, see paragraphs 29 and 30 in the Explanatory Notes.


The graph below presents the effect of two possible scenarios on the previous trend estimates:


1 The September 2006 seasonally adjusted estimate of number of dwellings financed is higher than the August 2006 seasonally adjusted estimate by 3.0%.


2 The September 2006 seasonally adjusted estimate of number of dwellings financed is lower than the August 2006 seasonally adjusted estimate by 3.0%.


The percentage change of 3.0% was chosen because the average absolute percentage change of the seasonally adjusted series, based on the last 10 years of data, has been 3.0%.


Number of Owner Occupied Dwelling Finance Commitments

Graph: What If

What if next month's seasonally adjusted estimate:
Trend as published
(1) rises by 3% on this month
(2) falls by 3% on this month
no.
% change
no.
% change
no.
% change
March 2006
60 133
1.3
60 110
1.2
60 184
1.4
April 2006
61 070
1.6
61 036
1.5
61 165
1.6
May 2006
61 998
1.5
61 984
1.6
62 048
1.4
June 2006
62 814
1.3
62 847
1.4
62 677
1.0
July 2006
63 477
1.1
63 585
1.2
63 023
0.6
August 2006
63 944
0.7
64 193
1.0
63 134
0.2
September 2006
-
-
64 668
0.7
63 071
-0.1
- nil or rounded to zero (including null cells)