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5609.0 - Housing Finance, Australia, Feb 2014 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/04/2014   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2014
Jan 2014 to Feb 2014
Feb 2014
Jan 2014 to Feb 2014

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
27 594
1.0
27 644
2.9
Owner occupied housing
16 846
0.9
16 907
1.9
Investment housing - fixed loans(c)
10 748
1.1
10 737
4.4
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
52 082
0.2
52 460
2.3
Construction of dwellings
6 072
1.8
6 139
0.8
Purchase of new dwellings
2 698
-1.7
2 616
-5.0
Purchase of established dwellings
43 312
0.1
43 705
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




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

February 2014 compared with January 2014:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. Investment housing commitments rose 1.1% and owner occupied housing commitments rose 0.9%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.9%.


NUMBER OF DWELLING COMMITMENTS

February 2014 compared with January 2014:
  • In trend terms, the number of commitments for owner occupied housing finance rose 0.2%.
  • In trend terms, the number of commitments for the purchase of new dwellings fell 1.7% while the number of commitments for the purchase of established dwellings rose 0.1% and the number of commitments for the construction of dwellings rose 1.8%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 12.5% in February 2014 from 13.2% in January 2014.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2014 13 May 2014
April 2014 10 June 2014
May 2014 11 July 2014
June 2014 8 August 2014
July 2014 9 September 2014
August 2014 10 October 2014



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:
  • Owner occupied housing values for the periods November 2013 to January 2014
  • Housing loan outstanding to households for the period of January 2014

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

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Commonwealth of Australia 2014

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