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5609.0 - Housing Finance, Australia, Oct 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/12/2009   
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OCTOBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Oct 2009
Sep 2009 to Oct 2009
Oct 2009
Sep 2009 to Oct 2009

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
23 264
0.3
23 312
-1.4
Owner occupied housing
17 128
0.2
17 176
-1.7
Investment housing - fixed loans(c)
6 136
0.4
6 136
-0.6
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
63 921
0.0
63 865
-1.4
Construction of dwellings
7 545
3.9
8 016
9.2
Purchase of new dwellings
2 688
0.2
2 618
-3.9
Purchase of established dwellings
53 688
-0.5
53 232
-2.8

(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




OCTOBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

October 2009 compared with September 2009:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.3%. Investment housing commitments increased 0.4% and owner occupied housing commitments rose 0.2%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 1.4%.


NUMBER OF DWELLING COMMITMENTS

October 2009 compared with September 2009:
  • In trend terms, the number of commitments for owner occupied housing finance remained flat.
  • In trend terms, the number of commitments for the construction of dwellings increased 3.9% and the number of commitments for the purchase of new dwellings rose 0.2%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell slightly, decreasing from 26.1% in September 2009 to 26.0% in October 2009.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 5.6% in September 2009 to 4.7% in October 2009.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2009 12 January 2010
December 2009 10 February 2010
January 2010 10 March 2010
February 2010 12 April 2010
March 2010 12 May 2010
April 2010 9 June 2010



REVISIONS

Revisions were made to Investment housing (Table 11) from July 2009 to September 2009, and the Housing loan outstandings series (Table 12) from June 2009 to September 2009. Seasonally adjusted and trend series have been revised as a result of revisions to the original series and the incorporation of estimates for the latest month.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joe Whelan on Canberra (02) 6252 5747.


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