5609.0 - Housing Finance, Australia, November 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2017   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

NOVEMBER KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Nov 2016
Oct 2016 to Nov 2016
Nov 2016
Oct 2016 to Nov 2016

Value of dwelling commitments(a)(b)

$m
% change
$m
% change
Total dwellings
32 723
0.6
33 199
2.2
Owner occupied housing
19 809
0.0
19 930
0.4
Investment housing - fixed loans(c)
12 914
1.7
13 269
4.9

Number of dwelling commitments(a)(b)

no.
% change
no.
% change
Owner occupied housing
53 969
-0.1
54 603
0.9
Construction of dwellings
5 621
0.2
5 710
2.3
Purchase of new dwellings
2 691
0.7
2 755
3.3
Purchase of established dwellings
45 657
-0.2
46 139
0.6

(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




NOVEMBER KEY POINTS


VALUE OF DWELLING COMMITMENTS

November 2016 compared with October 2016:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.7%, while owner occupied housing commitments was flat.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 2.2%.


NUMBER OF DWELLING COMMITMENTS

November 2016 compared with October 2016:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.1% in November 2016.
  • In trend terms, the number of commitments for the purchase of new dwellings rose 0.7%, the number of commitments for the construction of dwellings rose 0.2%, and the number of commitments for the purchase of established dwellings fell 0.2%.
  • In original terms, the number of first home buyer commitments rose by 13.4% to 8,281 in November from 7,302 in October; the number of non-first home buyer commitments also rose. The number of first home buyers as a percentage of total owner occupier commitments rose from 13.7% to 13.8%.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2016 10 February 2017
January 2017 10 March 2017
February 2017 10 April 2017
March 2017 15 May 2017
April 2017 9 June 2017
May 2017 11 July 2017



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 and investment housing from July 2015 to October 2016.
  • First Home Buyers numbers from October 2012 to July 2016 (very small impact).


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


INQUIRIES

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