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5609.0 - Housing Finance, Australia, Dec 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/02/2011   
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DECEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Dec 2010
Nov 2010 to Dec 2010
Dec 2010
Nov 2010 to Dec 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
21 274
1.1
21 587
2.5
Owner occupied housing
14 569
1.4
14 768
2.3
Investment housing - fixed loans(c)
6 705
0.5
6 818
3.0
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
51 089
1.6
51 706
2.1
Construction of dwellings
5 042
1.4
5 108
1.0
Purchase of new dwellings
2 391
1.6
2 288
-10.1
Purchase of established dwellings
43 656
1.6
44 310
3.0

(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




DECEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

December 2010 compared with November 2010:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.1%. Owner occupied housing commitments rose 1.4% and investment housing commitments rose 0.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.5%.


NUMBER OF DWELLING COMMITMENTS

December 2010 compared with November 2010:
  • In trend terms, the number of commitments for owner occupied housing finance rose 1.6%.
  • In trend terms, the number of commitments for the purchase of established dwellings rose 1.6%, the number of commitments for the purchase of new dwellings rose 1.6% and the number of commitments for the construction of dwellings rose 1.4%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose from 15.6% in November 2010 to 15.8% in December 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
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
June 2011 9 August 2011



IMPACT OF THE FLOODS

Flooding in Queensland began in late December 2010. Data collection and processing for the data in this publication were not disrupted. It is expected that the economic impact of floods/cyclone in Queensland and other states, if any, will be reflected in the forthcoming issues of this publication.


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:
  • Investment housing for November 2010; and
  • Housing loan outstandings to households for August 2010 and November 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.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Wolfgang Hertel on Canberra (02) 6252 7883.


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