Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
5609.0 - Housing Finance, Australia, May 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 11/07/2014   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MAY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
May 2014
Apr 2014 to May 2014
May 2014
Apr 2014 to May 2014

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
27 623
0.2
27 489
-0.8
Owner occupied housing
16 804
0.2
16 732
-0.7
Investment housing - fixed loans(c)
10 819
0.3
10 757
-0.9
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
52 152
0.1
52 092
0.0
Construction of dwellings
6 229
0.5
6 184
0.9
Purchase of new dwellings
2 674
-0.2
2 715
1.7
Purchase of established dwellings
43 249
0.1
43 193
-0.2

(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




MAY KEY POINTS


VALUE OF DWELLING COMMITMENTS

May 2014 compared with April 2014:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 0.3% and owner occupied housing commitments rose 0.2%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.8%.


NUMBER OF DWELLING COMMITMENTS

May 2014 compared with April 2014:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.1%.
  • In trend terms, the number of commitments for the construction of dwellings rose 0.5% and the number of commitments for the purchase of established dwellings rose 0.1%, while the number of commitments for the purchase of new dwellings fell 0.2%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 12.6% in May 2014 from 12.3% in April 2014.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2014 8 August 2014
July 2014 9 September 2014
August 2014 10 October 2014
September 2014 10 November 2014
October 2014 10 December 2014
November 2014 12 January 2015



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 April 2014
  • Housing loan outstandings to households for the periods June 2013 to April 2014

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.


FIRST HOME BUYERS

An investigation is underway to evaluate the robustness of estimates of loans to first home buyers (Table 9). In collecting this information, lenders are asked to report all loans to first home buyers. Concerns have been raised that under-reporting could occur if some lenders were only able to accurately report on those buyers receiving a first home buyer grant.

Most data on first home buyers are collected by the Australian Prudential Regulation Authority (APRA) under the Financial Sector (Collection of Data) Act 2001. APRA is contacting lenders on behalf of the ABS to investigate whether lenders experience any difficulties reporting on loans to first home buyers.

The outcomes from the investigation will be published on the ABS website


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.



Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.