5609.0 - Housing Finance, Australia, May 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/07/2013   
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MAY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
May 2013
Apr 2013 to May 2013
May 2013
Apr 2013 to May 2013

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
23 289
1.2
23 433
2.0
Owner occupied housing
14 909
1.4
15 022
2.3
Investment housing - fixed loans(c)
8 380
0.9
8 411
1.5
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
49 097
1.8
49 636
1.8
Construction of dwellings
5 377
1.3
5 367
0.6
Purchase of new dwellings
3 020
3.6
2 993
0.7
Purchase of established dwellings
40 701
1.7
41 277
2.1

(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




MAY KEY POINTS


VALUE OF DWELLING COMMITMENTS

May 2013 compared with April 2013:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.2%. Owner occupied housing commitments rose 1.4% and investment housing commitments rose 0.9%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.0%.


NUMBER OF DWELLING COMMITMENTS

May 2013 compared with April 2013:
  • In trend terms, the number of commitments for owner occupied housing finance rose 1.8%.
  • In trend terms, the number of commitments for the purchase of new dwellings rose 3.6%, the number of commitments for the purchase of established dwellings rose 1.7% and the number of commitments for the construction of dwellings rose 1.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 14.6% in May 2013 from 14.3% in April 2013.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2013 7 August 2013
July 2013 9 September 2013
August 2013 14 October 2013
September 2013 11 November 2013
October 2013 10 December 2013
November 2013 13 January 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 for the period of February 2012 to April 2013
  • Investment housing for the period of January 2012 to April 2013
  • Housing loan outstandings to households for the period February 2013 to April 2013.

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.