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5609.0 - Housing Finance, Australia, May 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/07/2007   
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MAY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
May 2007
Apr 2007 to May 2007
May 2007
Apr 2007 to May 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
21 858
1.4
22 139
2.7
Owner occupied housing
15 150
1.3
15 211
0.2
Investment housing - fixed loans(b)
6 708
1.7
6 927
8.9
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
65 784
0.8
66 040
0.1
Construction of dwellings
4 512
-0.4
4 486
-0.7
Purchase of new dwellings
2 978
1.5
2 985
2.8
Purchase of established dwellings
58 294
0.9
58 569
-

- nil or rounded to zero (including null cells)
(a) Includes refinancing.
(b) Excludes revolving credit.

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

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



MAY KEY POINTS


TREND ESTIMATES

May 2007 COMPARED WITH April 2007:

  • Total value of dwelling finance commitments excluding alterations and additions increased by 1.4%. The value of owner occupied housing commitments increased by 1.3%, while the value of investment housing commitments increased by 1.7%.
  • The number of commitments for owner occupied housing finance increased by 0.8%, while the number excluding refinancing increased by 1.3%.


SEASONALLY ADJUSTED ESTIMATES

May 2007 COMPARED WITH April 2007:
  • Total value of dwelling finance commitments excluding alterations and additions increased 2.7%. Owner occupied housing commitments increased 0.2%, and investment housing commitments increased 8.9 %.
  • The number of commitments for owner occupied housing finance increased by 0.1%, and the number excluding refinancing increased by 1.4%.


ORIGINAL ESTIMATES
  • The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 17.2% in April 2007 to 16.6% in May 2007.
  • The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 20.0% in April 2007 to 17.4% in May 2007.

    NOTES

    FORTHCOMING ISSUES

    ISSUE Release Date
    June 2007 8 August 2007
    July 2007 7 September 2007
    August 2007 10 October 2007
    September 2007 7 November 2007
    October 2007 10 December 2007
    November 2007 16 January 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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