5609.0 - Housing Finance, Australia, May 2010 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/07/2010   
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MAY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
May 2010
Apr 2010 to May 2010
May 2010
Apr 2010 to May 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 989
-0.5
21 360
0.7
Owner occupied housing
13 427
-1.4
13 698
-0.3
Investment housing - fixed loans(c)
7 562
1.0
7 662
2.6
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
47 395
-1.2
48 818
1.9
Construction of dwellings
5 387
-3.7
5 391
-2.2
Purchase of new dwellings
2 240
0.9
2 372
4.7
Purchase of established dwellings
39 768
-1.0
41 055
2.3

(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 2010 compared with April 2010:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.5%. Owner occupied housing commitments fell 1.4%, while investment housing commitments increased 1.0%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions increased 0.7%.


NUMBER OF DWELLING COMMITMENTS

May 2010 compared with April 2010:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 1.2%.
  • In trend terms, the number of commitments for the construction of dwellings decreased 3.7% and the number of commitments for the purchase of established dwellings fell 1.0%, while the number of commitments for the purchase of new dwellings increased 0.9%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 16.3% in April 2010 to 16.1% in May 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2010 9 August 2010
July 2010 8 September 2010
August 2010 11 October 2010
September 2010 10 November 2010
October 2010 8 December 2010
November 2010 12 January 2011



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 impact on:
  • Investment housing for the periods March 2010 and April 2010; and
  • Housing loan outstandings to households for the period November 2009 to April 2010.

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 Wolfgang Hertel on Canberra (02) 6252 7883.