5609.0 - Housing Finance, Australia, Mar 2009 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/05/2009   
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MARCH KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Mar 2009
Feb 2009 to Mar 2009
Mar 2009
Feb 2009 to Mar 2009

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
20 070
2.3
20 688
6.7
Owner occupied housing
15 251
3.4
15 731
7.3
Investment housing - fixed loans(b)
4 819
-1.0
4 957
4.7
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
58 797
2.8
59 793
4.9
Construction of dwellings
5 150
5.3
5 565
13.9
Purchase of new dwellings
2 539
4.3
2 610
8.8
Purchase of established dwellings
51 108
2.5
51 619
3.8

(a) Includes refinancing.
(b) 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




MARCH KEY POINTS


VALUE OF DWELLING COMMITMENTS

March 2009 compared with February 2009:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions increased 2.3%. Owner occupied housing commitments increased 3.4%, while investment housing commitments decreased 1.0%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 6.7%. Owner occupied housing commitments increased 7.3% and investment housing commitments increased 4.7%.


NUMBER OF DWELLING COMMITMENTS

March 2009 compared with February 2009:
  • In trend terms, the number of commitments for owner occupied housing finance increased 2.8%. The number of commitments for owner occupied housing finance excluding refinancing rose 3.6%.
  • In trend terms, the number of commitments for the construction of dwellings increased 5.3% and purchase of new dwellings increased 4.3%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 26.5% in February 2009 to 27.3% in March 2009, the highest proportion since the series commenced in 1991.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 2.8% in February 2009 to 2.4% in March 2009.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2009 10 June 2009
May 2009 8 July 2009
June 2009 10 August 2009
July 2009 9 September 2009
August 2009 7 October 2009
September 2009 9 November 2009



REVISIONS

Revisions have been made in this month's issue 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 Philip Beresford on Canberra (02) 6252 6052.