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5609.0 - Housing Finance, Australia, Dec 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 10/02/2010   
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DECEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Dec 2009
Nov 2009 to Dec 2009
Dec 2009
Nov 2009 to Dec 2009

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
22 481
-0.7
21 900
-2.8
Owner occupied housing
16 157
-1.4
15 526
-4.7
Investment housing - fixed loans(c)
6 324
1.1
6 375
1.9
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
58 359
-2.3
55 632
-5.5
Construction of dwellings
7 439
0.6
6 909
-6.4
Purchase of new dwellings
2 521
-1.4
2 521
3.0
Purchase of established dwellings
48 399
-2.8
46 202
-5.7

(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




DECEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

December 2009 compared with November 2009:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.7%. Owner occupied housing commitments fell 1.4%, while investment housing commitments increased 1.1%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 2.8%.


NUMBER OF DWELLING COMMITMENTS

December 2009 compared with November 2009:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 2.3%.
  • In trend terms, the number of commitments for the construction of dwellings increased 0.6%, while the number of commitments for the purchase of new dwellings fell 1.4%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 22.1% in November 2009 to 21.0% in December 2009.
  • In original terms, the number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 3.4% in November 2009 to 3.0% in December 2009.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2010 10 March 2010
February 2010 12 April 2010
March 2010 12 May 2010
April 2010 9 June 2010
May 2010 12 July 2010
June 2010 9 August 2010



CHANGES IN THIS ISSUE

The seasonally adjusted and trend estimates in this publication have been revised as a result of the annual seasonal reanalysis which reviews the seasonal and trading day factors in more detail than possible in the monthly processing cycle.


REVISIONS

In this issue revisions have been made to the original series for investment housing for the period May 2008 to November 2008.

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 annual seasonal reanalysis and 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 Joe Whelan on Canberra (02) 6252 5747.


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