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5609.0 - Housing Finance, Australia, Aug 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/10/2012   
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AUGUST KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Aug 2012
Jul 2012 to Aug 2012
Aug 2012
Jul 2012 to Aug 2012

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 304
0.2
20 301
0.6
Owner occupied housing
13 614
0.6
13 647
1.3
Investment housing - fixed loans(c)
6 690
-0.5
6 654
-0.8
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
45 430
0.4
45 821
1.8
Construction of dwellings
5 239
0.9
5 242
0.2
Purchase of new dwellings
2 248
2.5
2 341
13.9
Purchase of established dwellings
37 943
0.2
38 238
1.3

(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




AUGUST KEY POINTS


VALUE OF DWELLING COMMITMENTS

August 2012 compared with July 2012:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Owner occupied housing commitments rose 0.6%, while investment housing commitments fell 0.5%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.6%.


NUMBER OF DWELLING COMMITMENTS

August 2012 compared with July 2012:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.4%.
  • In trend terms, the number of commitments for the purchase of new dwellings rose 2.5%, the number of commitments for the construction of dwellings rose 0.9% and the number of commitments for the purchase of established 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 to 18.6% in August 2012 from 19.2% in July 2012.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2012 12 November 2012
October 2012 10 December 2012
November 2012 14 January 2013
December 2012 11 February 2013
January 2013 13 March 2013
February 2013 15 April 2013



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:
  • Investment housing for the period November 2011 to July 2012
  • Owner occupied housing for July 2012
  • Housing loan outstandings to households for the period August 2010 to July 2012.

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 Tavish Shrestha on Sydney (02) 9268 4615.


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