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5609.0 - Housing Finance, Australia, Feb 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/04/2010   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2010
Jan 2010 to Feb 2010
Feb 2010
Jan 2010 to Feb 2010

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
20 942
-2.1
20 486
-3.4
Owner occupied housing
14 516
-3.1
14 085
-4.4
Investment housing - fixed loans(c)
6 427
0.4
6 402
-1.1
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
51 044
-4.0
50 287
-1.8
Construction of dwellings
6 695
-2.8
6 446
-3.0
Purchase of new dwellings
2 193
-3.8
2 174
0.7
Purchase of established dwellings
42 156
-4.2
41 667
-1.8

(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




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

February 2010 compared with January 2010:
  • In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 2.1%. Owner occupied housing commitments fell 3.1%, while investment housing commitments increased 0.4%.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions decreased 3.4%.


NUMBER OF DWELLING COMMITMENTS

February 2010 compared with January 2010:
  • In trend terms, the number of commitments for owner occupied housing finance decreased 4.0%.
  • In trend terms, the number of commitments for the purchases of established dwellings fell 4.2%, the number of commitments for the purchase of new dwellings fell 3.8% and the number of commitments for the construction of dwellings decreased 2.8%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased from 20.5% in January 2010 to 18.1% in February 2010.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2010 12 May 2010
April 2010 9 June 2010
May 2010 12 July 2010
June 2010 9 August 2010
July 2010 8 September 2010
August 2010 11 October 2010



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data for January 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 Michael Calabro on Canberra (02) 6252 7039.


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