Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5609.0 - Housing Finance, Australia, Dec 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/02/2008   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

DECEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Dec 2007
Nov 2007 to Dec 2007
Dec 2007
Nov 2007 to Dec 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
22 042
-0.2
22 130
-0.6
Owner occupied housing
15 458
0.4
15 554
0.5
Investment housing - fixed loans(b)
6 584
-1.8
6 576
-3.0
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
64 928
0.6
65 645
0.1
Construction of dwellings
4 768
0.2
4 675
-2.1
Purchase of new dwellings
2 475
-4.3
2 389
-3.8
Purchase of established dwellings
57 685
0.8
58 581
0.5

(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



DECEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

December 2007 COMPARED WITH November 2007:

  • In trend terms, total value of dwelling finance commitments excluding alterations and additions decreased by 0.2%. Investment housing commitments continue to fall, decreasing 1.8%, while Owner occupied housing commitments increased by 0.4%.
  • In seasonally adjusted terms, total value of dwelling finance commitments excluding alterations and additions decreased 0.6%. Investment housing commitments decreased 3.0%, while Owner occupied housing commitments increased 0.5%.


NUMBER OF DWELLING COMMITMENTS

December 2007 COMPARED WITH November 2007:
  • In trend terms, the number of commitments for refinancing of established dwellings rose 2.1% and the seasonally adjusted series increased 5.5%.
  • In trend terms, the number of commitments for owner occupied housing finance increased by 0.6% while the number of commitments for owner occupied housing finance excluding refinancing fell by 0.1%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 18.2% in November 2007 to 18.4% in December 2007.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments remained at a high level, decreasing from a recent peak of 24.0% in November 2007 to 23.5% in December 2007.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2008 11 March 2008
February 2008 14 April 2008
March 2008 12 May 2008
April 2008 10 June 2008
May 2008 9 July 2008
June 2008 6 August 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.


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.