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

Trend estimates
Seasonally adjusted estimates
Sep 2007
Aug 2007
to Sep 2007
Sep 2007
Aug 2007
to Sep 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
22 372
-0.7
21 602
-2.7
Owner occupied housing
15 265
-0.7
14 895
-2.5
Investment housing - fixed loans(b)
7 107
-0.6
6 706
-3.3
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
63 499
-0.9
62 696
-2.4
Construction of dwellings
4 655
0.5
4 710
1.4
Purchase of new dwellings
3 058
-0.4
2 965
-3.5
Purchase of established dwellings
55 786
-1.1
55 021
-2.7

(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



SEPTEMBER KEY POINTS


TREND ESTIMATES

September 2007 COMPARED WITH August 2007:

  • Total value of dwelling finance commitments excluding alterations and additions decreased by 0.7%. The value of owner occupied housing commitments decreased by 0.7%, while the value of investment housing commitments decreased by 0.6%.
  • The number of commitments for owner occupied housing finance decreased by 0.9% and the number excluding refinancing decreased by 0.8%.


SEASONALLY ADJUSTED ESTIMATES

September 2007 COMPARED WITH August 2007:
  • Total value of dwelling finance commitments excluding alterations and additions decreased 2.7%. Owner occupied housing commitments decreased 2.5%, while investment housing commitments decreased 3.3%.
  • The number of commitments for owner occupied housing finance decreased by 2.4% and the number excluding refinancing decreased by 2.5%.
  • The number of commitments for owner occupied dwellings financed by wholesale lenders n.e.c. decreased by 12.6%.


ORIGINAL ESTIMATES
  • The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 17.2% in August 2007 to 17.7% in September 2007.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2007 10 December 2007
November 2007 16 January 2008
December 2007 11 February 2008
January 2008 11 March 2008
February 2008 14 April 2008
March 2008 12 May 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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