5609.0 - Housing Finance, Australia, Oct 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2010   
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WHAT IF...? REVISIONS TO TREND ESTIMATES


EFFECT OF NEW SEASONALLY ADJUSTED ESTIMATES ON TREND ESTIMATES


SENSITIVITY ANALYSIS

Readers should exercise care when interpreting the trend estimates of recent months because they will be revised when next month’s seasonally adjusted estimates become available. For further information, see paragraphs 30 and 31 in the Explanatory Notes.

The graph below presents the effect of two possible scenarios on the trend estimates:

1 The November 2010 seasonally adjusted estimate of the number of dwelling commitments is higher than the October 2010 seasonally adjusted estimate by 2.4%.

2 The November 2010 seasonally adjusted estimate of the number of dwelling commitments is lower than the October 2010 seasonally adjusted estimate by 2.4%.

The percentage change chosen is the average absolute percentage change of the seasonally adjusted series, based on the last 10 years of data.

Number of Owner Occupied Dwelling Finance Commitments

Graph: SENSITIVITY ANALYSIS


What if next month's seasonally adjusted estimate:
Trend as published
(1) rises by 2.4% on this month
(2) falls by 2.4% on this month
no.
% change
no.
% change
no.
% change

April 2010
46 624
-1.3
46 624
-1.3
46 624
-1.3
May 2010
46 607
0.0
46 517
-0.2
46 563
-0.1
June 2010
46 907
0.6
46 785
0.6
46 865
0.7
July 2010
47 320
0.9
47 275
1.0
47 315
1.0
August 2010
47 772
1.0
47 872
1.3
47 766
1.0
September 2010
48 244
1.0
48 512
1.3
48 161
0.8
October 2010
48 698
0.9
49 154
1.3
48 493
0.7