5609.0 - Housing Finance, Australia, June 2017 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 09/08/2017   
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JUNE KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jun 2017
May 2017 to Jun 2017
Jun 2017
May 2017 to Jun 2017

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
32 936
0.0
33 261
0.8
Owner occupied housing
20 582
0.5
20 738
0.3
Investment housing - fixed loans(c)
12 354
-0.9
12 523
1.6

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
54 028
-0.2
54 404
0.5
Construction of dwellings
6 153
1.9
6 290
3.6
Purchase of new dwellings
2 925
1.3
3 016
3.5
Purchase of established dwellings
44 950
-0.5
45 099
-0.1

(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




JUNE KEY POINTS


VALUE OF DWELLING COMMITMENTS

June 2017 compared with May 2017:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions was flat. Owner occupied housing commitments rose 0.5% while investment housing commitments fell 0.9%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.8%.


NUMBER OF DWELLING COMMITMENTS

June 2017 compared with May 2017:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.2% in June 2017.
  • In trend terms, the number of commitments for the construction of dwellings rose 1.9% and the number of commitments for the purchase of new dwellings rose 1.3%, while the number of commitments for the purchase of established dwellings fell 0.5%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 15.0% in June 2017 from 14.0% in May 2017.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
July 2017 8 September 2017
August 2017 12 October 2017
September 2017 9 November 2017
October 2017 8 December 2017
November 2017 17 January 2018
December 2017 9 February 2018



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 affected the following series:
  • Owner occupied housing for the periods between March 2017 to May 2017.
  • Housing loan outstandings to households for owner occupation series for the periods April 2017 and May 2017.
  • Investment housing for the period April 2017.


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INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.